Credit Report and Credit Score Online

Certain actions can negatively affect your credit score, such as hard inquiries, accounts in collections, tax liens, bankruptcies, and foreclosures. And these topics come up frequently in the Credit Advice center, a community-powered Q&A forum. Credit Karma users use the advice center to ask or answer questions all about credit scores, debt, credit cards, loans, and more.

Last week we hard credit inquiries and accounts in collections, and this week we’re discussing how negative actions with credit over-utilization and tax liens affect your credit score.

Here are responses to common questions about credit over-utilization and tax liens.

Credit Over-Utilization

• Credit card utilization has become a popular discussion topic since it is a simple way to impact your credit score. F

Read all post…

Marriage is hard enough. Throw money into the mix, and it gets harder.

This week we conducted an informal poll on Facebook, asking how married couples should manage money: together, separate, or a little of both. One of our Facebook fans commented, “As long as the bills are paid, you have money set aside, and both spouses can agree on financial decisions, there is no correct or incorrect way to approach this.”

Before you say your vows, decide with your significant other whether you’ll combine your finances, keep them separate, or choose a combination of the two. To he

Read all post…

Several actions can negatively affect your credit score: hard inquiries, accounts in collections, tax liens, bankruptcies, and foreclosures are some of the most common. But how do they really affect your credit? For how long will it affect your credit score? What can you do if you think the negative information is inaccurate?

All of these are commonly asked questions over in our Credit Advice center, a community-powered Q&A forum. Credit Karma users are always prepared with great answers, many times straight from their own financial experiences.

Here are some responses to the common questions around hard inquiries and accounts in collections.

Hard Credit Inquiries

• Credit inquiries will fall off your report after 24 months.

Read all post…

Get an 80 Paydex score and your business will be able to qualify for all the credit it needs.

Have you ever heard that statement before?

It’s by far the most misleading and misguided advice circulating in the industry, and unfortunately too many small business owners are buying into this misinformation.

In this post let’s shed some light on this very issue so you can gain a much better understanding of what to expect during the credit-granting process.

First, in order to get a Paydex score your company needs at least four payment experiences reporting on your company’s Dun and Bradstreet credit file.

Read all post…

If some legitimate mortgage company or private lender pores over your report for verification purposes, then that is what you call credit inquiry. Time and again, lots of consultants and lenders themselves warned individuals about multiple inquiries and how these could affect a person’s score. While there is some truth to this claim, we must still shed some light on what really is the root cause of the “badness” of some inquiries.

Actually, the act of getting your own report is already an inquiry. This is called a consumer inquiry, and it does no harm to your score. When you ask for an automobile quote, automobile dealers will have to request for some pertinent financial information, especially if you are getting a car on loan. And t

Read all post…

Running a business is not an easy task always. Big companies, organizations and banks face number of risk in day-to-day transactions. Risk always comes up in many forms. However, companies take special care when it is related with finance. In order to minimize or decrease financial risk, many companies introduce a system in organization. In financial world, credit risk management system plays very important role. It defines the management of risk that comes with credit and investment. It is important for every company to use or follow good credit risk management system.

This process helps companies to obtain or collect important information about the consumer.

Read all post…