Credit Report and Credit Score Online

*Welcome to our weekly credit lessons to brush up on your credit know-how!*

In last week’s post, we brushed up on the basics about credit score differences between credit bureaus and even within the same credit bureau. Now, let’s discuss the significance that three digit number might have to lenders looking at your credit.

Let’s take a look at your credit range, here based on TransUnion’s range used by Credit Karma, and how it influences your chance to access credit.

Poor Credit Score: 300 to low 500s

Your credit is in bad shape due to a derogatory remark on your credit, like a bankruptcy or foreclosure, or some poor credit choices in the past. Typical

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There are many companies out there in the market that provides debt consolidation solutions to clients. The debt consolidation solutions provided by each company will be different from the other. Since the types of debt can be varied like credit card debts, loan installment debts, utility bill debts etc the debt management solutions also differ. The first thing a person is supposed to do is to create a list containing all his financial details this can give him and hid debt counselor a better idea of his current financial status. Read all post…

Did you know that not all secured credit cards report to all three major credit agencies?

Whether you are looking to rebuild credit after bankruptcy or recover from past credit problems taking the time to understand the process is just as important as the process itself.

If you truly want to make the most positive impact to your credit reports then you should avoid high risk lenders at all costs no matter how enticing their secured credit card offers are.

In the long run using high risk lenders like First Premier Bank for example can ultimately hurt your credit scores rather than improve it simply because the issuer is known for extending credit to high risk individuals.

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*Welcome to our weekly credit lessons to brush up on your credit know-how!*

One of the biggest misconceptions amongst consumers is that there is one correct credit score. In fact, there are dozens of credit score models, and there are natural differences between your credit scores.

Not only does each credit bureau report a different credit score model, but even within the same bureau several credit score models exist, such as Equifax’s BEACON score and ScorePower.

With so many credit score models out there, the score that your mortgage lender uses could differ from that which your credit card issuer and your auto loan provider uses. T

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How much money do you need to start your business?

Should you get a loan, line of credit, or credit card?

How will you decide the effectiveness of your marketing campaigns?

These are just a few of the key questions that successful startups and growing companies ask so they can make confident financial decisions.

Are you prepared to answer questions like these? Do you have a system in place or tools that can help you get the answers you’re looking for?

Not to worry because whether you’re in the early stages of starting a business or growing one, there are small business calculators that can help you in evaluating different aspects of your business so you can get the answers you need quickly and efficiently.

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*Welcome to our weekly credit lessons to brush up on your credit know-how!*

I’ve worked at Credit Karma long enough to have picked up on some terminology related to consumer credit: hard inquiry, credit score algorithm, credit utilization, derogatory mark, and more. For the most part, entire articles could be written on each of these terms, each one comes with its own implications for your credit score and credit health.

Here’s a basic glossary of credit terms, helpful as a reference tool, for those new or knowledgeable on credit, to help you better understand your credit life.

Bankruptcy: Filing for bankruptcy means that you have requested legal assistance to pay off your debt. Bec

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