Knowledge Center
09/30/2022
There is no denying that going through a divorce is a challenging and stressful time. On top of the emotional cost, there are financial costs that often tag along with divorce. One of the many ways that a divorce can impact your finances is by negatively impacting your credit score.
09/18/2022
Credit, as related to personal finance, refers to someone's ability to pay lenders back. Many years ago, bankers and individual lenders were forced to gauge a prospective borrower's credit subjectively—they had no metrics or statistics to turn to in making such judgments.
09/15/2022
Payment history accounts for 35% of your FICO score. So, if you miss a payment, that could have a big impact on your credit score. Let’s explore how a missed payment will affect your credit score.
09/09/2022
Money is the most influential element that we run into in our daily lives. It either empowers us or hinders us, depending on how much control we have over the money in our lives.
09/01/2022
When you file for bankruptcy, it’s usually because you have no other option for your finances. Although it might be the right choice for your situation, the decision to file for bankruptcy will have a negative impact on your credit.
08/25/2022
If you’ve ever looked into repairing your credit, you may have seen credit repair businesses advertising “609 dispute letters” as a way to remove negative information on your credit report. What is the idea behind this strategy, and do 609 dispute letters work?
08/19/2022
Establishing tradelines is an essential part of credit. Because credit is a necessary part of modern life for most people, you need to know why tradelines matter, the best ways to establish tradelines, tradeline factors to consider, and how to tell which tradelines to avoid and which are a good fit for you.
08/12/2022
When a recession is on the horizon, it’s time to prepare your finances for the potential storm ahead. Although a recession can batter personal finances across the country, it’s possible to protect your financial situation and credit score with a bit of preparation.
08/09/2022
A CPN might sound like a good solution if you have had trouble with your credit and want to “start fresh.” However, CPNs are not what they are marketed to be. Learn the truth about CPNs and why you should avoid them.
08/07/2022
A look at how the LGBTQ community has been treated historically shows why we need policies to tackle discrimination and help this marginalized community build wealth.
08/04/2022
As a member of the military, you face tough challenges on a regular basis. The tenacity and perseverance you build during your career can translate into other aspects of your life. One place to channel your energy is into building a great credit score.
07/29/2022
If you are planning to take out a loan for your car purchase, your credit score matters. It can take time to build up a good credit score. But the results can be well worth the effort.
07/27/2022
Are you considering cosigning a loan? Let’s explore how this action could impact your credit score.
07/22/2022
Homeownership is a big financial goal. Although there are many important steps on the path to your dream home, building a good credit score might be the most critical.
07/20/2022
Understanding the racial wealth gap in America is crucial to taking steps to make a more equitable economy. Now is a great time to be addressing systemic problems like racial and economic inequality.
07/15/2022
A good credit score is a key to accessing financing options on major purchases. Building credit can be easier said than done. One popular way of building credit is to use a credit card. But that’s not the only option.
07/13/2022
Credit scores are essential to American life. While there are many promises to get you a better credit score quickly, some are scams you should avoid. Instead, follow our tips to legitimately raise your credit score.
07/07/2022
Anytime one of your bills heads to collections, that’s bad news for your credit score. But depending on your situation, it may be possible to have the medical collection removed from your credit report. Keep reading if you want to eliminate this bad spot from your credit report.
06/29/2022
Leveling up your finances can be daunting, especially if you’ve made decisions in the past that have negatively affected your ability to pay bills and save money. But that doesn’t mean making positive financial change is impossible.
06/29/2022
Just like it’s a good idea to save money while you are young, it’s also a good idea to work on building your credit score while you are young. The right credit score can set you up to tackle many of the financial obstacles life throws your way.
06/24/2022
A better understanding of your credit utilization ratio can help you manage it with your credit score in mind. Let’s explore what your credit utilization ratio is, plus everything you need to know about managing your credit utilization ratio.
06/22/2022
Credit card debt can get expensive quickly. The notoriously high interest rates that come attached to your credit card can let even a relatively small balance get out of hand quickly. So, understanding how credit card interest works can help you avoid hefty interest charges that could derail your financial plans.
06/17/2022
Everyone has a money story. Something they tell themselves to feel okay with their money situation. But are these narratives helpful? Sometimes they are. But only if they’re empowering.
06/15/2022
If your credit score has gone down, it's important to understand why so you can address the problem. Let's discuss some possible credit issues that could cause a decrease in your credit score.
06/14/2022
An unpredictable income can make managing your finances a bit more complicated. But with a little bit of planning, you can map out a strategy to protect your finances and credit score from the swings of an irregular income.
06/09/2022
In the business world, “principles of continuous development” guide the top professionals and companies to success. We’ll show you how the mindset of continuous development and the principles of lean business can be applied to your personal finances to create your optimal financial life.
06/07/2022
Credit card mistakes can eat away at your budget and your credit score. Let’s explore the most common credit card errors and what you can do to avoid them.
05/31/2022
Even if you feel you are at a total loss for any positive money habits, you can still gain new habits to transform your wealth. in this article, we’re going to cover four advanced skills to help you bring your money skills to the next level.
05/25/2022
A budget is a helpful tool that can help you manage your finances effectively. In this guide, you’ll learn how to use a budget to improve your credit score. Plus, take a look at the most popular budgeting options.
05/20/2022
A thin credit file can be problematic. Although your finances may be in good shape, a thin credit file can make it challenging to access financing for major purchases when you need it. The good news is that you can take action to grow a thin credit file.
