Landlords and property management companies today often perform credit checks on rental applicants. Credit checks are usually part of a larger prospective tenant background screening process. This is one of the various challenges that those with bad credit face. Ways In Which You Can Rent With Bad Credit Those with poor credit should create a

The short answer is that yes, paying off your credit card in full should improve your credit score. This increase usually results from lowering your credit utilization rate. Also, paying off your credit card balance in full at the end of the month prevents you from incurring interest charges. Be careful not to cancel your

Some young adults and others face the dilemma of not yet having any credit history. When these consumers seek credit, they often experience a “chicken and the egg” problem. Here, lenders often hesitate to offer a loan or credit card because the borrower has no credit history. Luckily, having no credit history is usually preferable

People sometimes experience difficulties with their personal finances. The leading causes of bad credit among Americans include job losses, excessive debt, and medical expenses. Bad credit usually follows an adverse event(s) that appears on your credit report. Examples include a charge-off, bankruptcy, repossession, or foreclosure. Fortunately, rebuilding your credit is possible with a good strategy.

Purposeful and responsible credit card use is an excellent way to build credit. FICO and VantageScore are the two primary credit scoring models. Both models show that payment history is the most significant single factor in credit scoring.  Keep this in mind as you begin using your cards to build your credit score. Credit Cards

Your business is its own entity with its own finances. While many may be focused solely on business income, there’s another area to consider: business credit.  What Is Business Credit? Much like you have a personal credit score that determines your ability to get a loan, so too does your business.  Business credit provides lenders

Most prospective business owners know you’re not supposed to mix personal and business finances.  But for many, understanding which things you should not and cannot do can make all the difference.  Is it illegal to use a business credit card for personal use?  No, but here’s why you shouldn’t do it. Is It Illegal to

Derogatory or negative credit entries will remain visible within your credit history for seven years. This will apply to any late car payments and subsequent repossession. Fortunately, you do not have to wait seven years to begin improving your credit score. How A Repo Impacts Your Credit Score The two primary models used for calculating