Credit Advice Put Simply.
I want to share with you a brief conversation I had with an insurance agent named Sandy*. She is an agent for State Farm in Georgia and worked in the industry for over 15 years. I was amazed when she explained how someone’s credit score affect his car insurance rate. Now, I knew that your … Read more
In the first article I wrote about cosigning, I provided many reasons why you shouldn’t cosign for anyone. There are too many negative factors that can impact your finances, your credit, and your relationships. However, there are still some people out there who feels that they won’t get burned if they cosign. Maybe you are … Read more
PAYMENT HISTORY-35% When and how you pay is the single most important of your credit. According to FICO, past long-term behavior is used to forecast future long-term behavior. CREDIT UTILIZATION-30% Those who are always maxing out credit cards, or who get very close to their credit limits, are viewed as irresponsible and will pay … Read more
Whether I am asked by my friends, my family or by others I meet, the biggest question most of them ask is, “How can I build my credit.” The next question asked is, “Can I build my credit fast?” Just the fact that you’re reading this article shows how important it is to know the … Read more
Do not cosign for anyone; it’s not worth the trouble. When you do, you will avoid the pitfalls of cosigning. The very term “Cosign” screams danger. It means 2 or more individuals in agreement to fulfill a financial obligation set by conditions in thereof. All too often, the person co-signing is stuck with the damage after … Read more