Do Free Credit Scores Hurt Your Credit?

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Question: Do Free Credit Scores Hurt Your Credit? Answer: There’s a lot of new free services that exist, and everyone seems to be utilizing them to their advantage, but are they detrimental to your actual credit score, meaning will they hurt your score? In short, no. Many people assume that these services will cost them in […]

How often should I check my credit score?

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Question: How often should I check my credit score? Answer: You should keep a close eye on your credit score/profile to ensure that you don’t have any issues arise, unexpectedly. Things such as hard inquiries that you did not authorize, or even new accounts that do not belong to you. We highly suggest that you […]

Credit Unions vs Banks

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Credit Unions vs Banks In the fall of 2008, we witnessed a particularly tumultuous time in the world of finance and in many people’s eyes, this was brought on mostly by the greed and complacency of the big banks. These institutions have become so big and powerful, and regulation simply doesn’t appear to work with […]

What is a VA Loan and Who is Eligible

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What is a VA Loan and Who Qualifies? The Department of Veterans Affairs (VA) is a Government Agency located in the United States of America, and helps to serve Military Veterans, those on active duty, as well as National Guards and Reserves. As a part of their services, they also offer guaranteed home loans to […]

what is vantage score

What is Vantage Score?

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VantageScore is a scoring system that was created in 2006 by all 3 bureaus (Equifax, Experian and TransUnion). It’s owned and controlled by VantageScore Solutions, LLC. — allowing the 3 CRA’s to license the model and scoring methods. The reason for creating this new scoring system was to compete with Fair Isaac, the company that […]

What is the Difference Between Good and Bad Credit?

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What is the Difference Between Good and Bad Credit? It would be easy to assume that all credit is bad – I mean in all instances you’re borrowing money you cannot afford right now under the assurance that you will pay more than you borrowed to settle the loan. However, not all reasons for borrowing […]

how credit scores work

How Credit Scores Work

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How Do Credit Scores Work? Credit Scores are used by most creditors, and we’re being marketed to, almost on a daily basis, to watch our credit scores closely (ie, free credit scores, credit monitoring, alerts, etc.), but why? Why do credit scores matter and how do they work? Why Credit Scores Matter Most financial institutions […]

difference between hard pull and soft pull

What’s The Difference Between a Soft Pull and Hard Pull for Credit Reports?

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Inquiries can appear on your credit report and even bring down your credit score, depending on the type of pull that occurred. So what is the difference between a soft pull and a hard pull? If you decide to apply for a bunch of credit cards, you’ll quickly find out that your score can be affected […]

what is a credit report and why is it important

What is a Credit Report and Why is it Important?

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Your credit report is, as simple as it sounds, a report of your credit history. Your credit history starts from the age of 18 and exists for as long as you do. Everything you do, as far as credit goes, good and bad, will appear on this snapshot of your credit history. What Are Credit […]

student loans are they worth it?

Student Loans – Are They Worth It?

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Being a student these days is expensive, there’s no doubt about that. However, how expensive is it, and is it worth it in the long run? In 2012 student debt passed $1 trillion, and it seemed that wherever you turned there was another horror story in the media about destitute students saddled with enormous debt, […]