Are you interested in learning more about credit scores and where you stand in comparison to other adults throughout the US? If so, let’s delve into some insightful consumer credit score statistics across 2020 and 2021. What Is the Average Credit Score in 2021? According to data released by FICO (Fair Isaac Corporation) in 2021, …
Does Bank of America Have a Credit Builder Loan? Although Bank of America has various options for those with limited or bad credit, they currently do not offer loans specifically for building credit. However, we have identified some excellent online lenders, including Credit Strong and Self Financial, that provide true credit builder loans. Credit builder …
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Does Chase Have a Credit Builder Loan? We looked for credit builder loan options currently being offered by Chase; however, this lender does not offer these types of loan products that consumers use to build credit at this time. TL;DR – If you’re looking for a credit builder loan, we recommend the excellent credit builder loans …
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The Self (formerly Self Lender) credit builder loan product has been growing in popularity. Many customers find it a useful addition to their credit-building tool belt. But not everyone has a good experience. Here’s why. How Much Does Self Boost Your Credit? According to Self, their customers’ credit scores increased by 32 points on average1. …
A closed credit account is no longer active, meaning that no future transactions can be processed. For example, a credit card holder may choose to close their account if they no longer use the card, have fears of identity theft, or have financial hardship. A misconception exists that closing a credit card or paying off …
Sample Letter to Remove Closed Accounts From Credit Report Read More »
This article is part of our series about financial literacy. You can find the links to the other articles at the bottom of the article. A personal income statement is a personal financial statement that outlines your income and expenses over a certain period of time, giving you some insight into your financial position. With …
A personal financial statement is a document that summarizes an individual’s financial position at a specific moment in time. It typically contains a breakdown of all your assets and liabilities, giving you an insight into your financial position and financial health. Assets are things with economic value that you can turn into cash, such as …
A Personal Financial Statement Example – What to Include Read More »
When I was fixing my credit, I successfully got a 30-day late payment removed from one of my accounts. Doing this increased my credit score by 50 points. I did it by writing a goodwill deletion letter. Here’s how you can do it too. What a Goodwill Deletion Letter Can Accomplish A goodwill letter is …
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This article is part of our series about financial literacy. You can find the links to the other articles at the bottom of the article. Simply put, a personal balance sheet is a document that keeps track of everything that you possess (assets) and every debt that you owe (liabilities). With this personal financial statement, …
This article is part of our series about financial literacy. You can find the links to the other articles at the bottom of the article. As discussed in our article, Dave Ramsey vs. Robert Kiyosaki, not all debt is bad. Debt plays a vital role in the economy. And on a personal level, if you …
