The 3 Types of Tradelines in Credit
There are many types of tradelines that appear on your credit reports. A credit tradeline consists of any account you have with a lender or service provider. This can include credit cards, loans, and utility payments. Managing these tradelines well contributes to good credit. So if you have bad credit, taking a hard look at
Trade Credit: What It Is and How to Use It
Used properly, trade credit can help you run your small business, avoid cash flow problems, and build a strong business credit profile. As a result, it can even help you qualify for more business financing in the future. You can make purchases you need to without depleting cash because you do not have to make
Credit Karma vs. MyFICO – Which Is Better?
MyFICO and Credit Karma are two of the most popular credit services. Their products both have different strengths and weaknesses. Our verdict: Credit Karma is better for casual credit monitoring, since it is free. MyFICO is better if you are getting ready for a major purchase, like a home or a car. They require that
Credit Strong vs Self: Which One Is Better For You?
Credit-builder loans are an increasingly popular product, and the competition for market share is fierce, but there are significant discrepancies between even the top contenders. We studied two of the most popular credit-builder lenders on the market today; Credit Strong and Self (formerly Self Lender), and put them head to head. Here’s how they compare.
Why Did My Credit Score Go Down When Nothing Changed?
If you are keeping a good handle on your finances, and your FICO credit score suddenly starts taking a nosedive, you might start to panic. You haven’t made any recent changes to your credit file in the way of opening new accounts or maxing out your credit cards. So why did your credit score decrease?
How to Build Credit at 18
If you’re a normal person, your parents didn’t help you build credit as you were growing up. Most 18 year olds don’t have credit, which can make life quite difficult. Here’s how you can build your credit in record time, even at the tender age of 18. This methodology applies to anyone who doesn’t
Credit Strong Review: Does It Work?
There are a lot of credit builder loans on the market, so we had to do a lot of research to stack Credit Strong against its competitors. Our verdict: Credit Strong has the best credit-builder loan on the market today. Their accounts either match or outclass the competition in just about every meaningful way. They’re also
What Is a CPN Number? (And Why You Should Avoid One)
Your credit reports are directly tied to your Social Security number (SSN). When applying for new credit (i.e., a credit card), your credit profile is checked using your SSN. A CPN scam is a type of synthetic identity fraud where you use a SSN that has not been assigned to you by the Social Security
Best Credit Builder Programs
What is good credit? Score-wise, the experts say it is 670 and above. This makes for a great goal, but how do you get there? Ideally, to achieve a good credit profile and score, a balance of 3 revolving credit accounts (i.e. credit cards) and 1 installment account (personal loan, auto loan, etc.) is the