When you get married, you are taking on joint financial liabilities. This is a fact, like it or not.
Just because you fell in love with someone who has destroyed their credit, doesn’t mean you have to live with it. However, you probably have to help fix it. If your spouse has poor credit, it can affect your joint credit accounts and potentially prevent you from opening certain accounts or receiving certain loans. In fact, until you straighten out your spouse’s credit, you may want to... [More]
Establishing a healthy credit history is a responsible action of mature adult and very important to ensure a financially bright future. With the escalating costs of goods and services, it is critical you work towards this goal. In a previous blog, I wrote about five actions that help your credit score, but what about behaviors that hurt your credit score? Ask yourself if any of the following five situations pertain to you.
1. Missing a Creditor Payment
This may sound like a no brainer, but miss... [More]
A credit score is a three digit number, usually ranging from 300 to 850; the higher the score, the better the credit risk, and by having a better credit risk you could be offered more attractive interest rates on loans. The three main credit bureaus used to evaluate credit worthiness are Equifax, Experian, and TransUnion. Each of these credit bureaus has a slightly different credit range they use when making decisions. If your credit is run and found to be not at the level you expect, don&rsquo... [More]