From the category archives:

Credit Reports

Don’t be late with a payment

by Moneyproblems TipsWed Sep 16, 2009 Budgeting

Today’s Credit Week Tip: Never be late with a payment.
The most important component of your credit score is your payment history. Just one late payment can drop a credit score from 750 to 650, and that may dramatically increase your borrowing costs.
Generally you are not considered to be late until you are 30 days [...]

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Review your credit report for mistakes

by Moneyproblems TipsTue Sep 15, 2009 Credit Reports

As we continue Credit Report Week, once you have a copy of your credit report, read it and review it for mistakes. Common mistakes include over-stating or under-stating your credit limit, or recording an account as delinquent that is up to date.
It’s also possible that information from someone else’s credit report (perhaps a relative [...]

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Get a copy of your credit report

by Moneyproblems TipsMon Sep 14, 2009 Credit Reports

This week we will offer a series of tips to help you improve your credit score. During a recession lenders get very picky, so if you want to borrow money, it’s critical that you have as high a credit score as possible. A high credit score allows you to borrow money, and it [...]

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