Credit

Banks Editorial Team

June 30th, 2018

Will Applying for a Loan Affect your Credit Score?

Applying for a personal loan can affect your credit score. However, it is only one of several factors which can contribute to lower or increase your credit score. Your FICO credit score is affected to a much greater extent by your payment history, credit history, and the total amount of your debt. The effect of […]

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Banks Editorial Team

June 10th, 2018

Installment Loans For Bad Credit: A Brief Overview

Installment loans allow borrowers to have access to a sum of money up front and pay back the loan in installments over a specified period of time. In order to receive installment loans for bad credit, borrowers typically must provide information such as proof of income and recent pay stubs to lenders, who will then […]

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Banks Editorial Team

May 16th, 2018

The Top Home Loans Lenders for Bad Credit

You may want to learn more about home loans lenders for bad credit if you have a less-than-perfect credit score. A credit score is used by financial institutions to measure your financial health or credit worthiness. Your credit score will determine how expensive, or how difficult, it will be for you to access loans. The […]

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Banks Editorial Team

May 7th, 2018

Can Refinancing your Home Hurt your Credit?

There are many reasons why you may think about refinancing your home But before you begin the process, you should consider the many ways your credit score can be impacted. The impact to your credit score starts with the application process and includes the way that the loan is recorded. Additionally, the loan increases your […]

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Banks Editorial Team

March 8th, 2018

Why Excellent Credit is Crucial to the Home Buying Process

Buying a house isn’t an easy process. Not only does it involve searching for the house of your dreams that a) has enough room for you and your family, b) is within your price range, and c) is located near your job, it’s also never guaranteed that you’ll even be able to close on it. […]

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Banks Editorial Team

December 22nd, 2017

Dissecting Your Credit Score

Whether young or old, responsible credit handling is a vital life skill. Many people defer to the familiar model of the FICO score when researching their credit; however, there is another score you should consider: the VantageScore. The difference between the two? Negligible. There are subtle nuances, but nothing consumers usually need to worry about. […]

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Banks Editorial Team

December 22nd, 2017

Repairing Errors on your Credit Report

Every year, millions of Americans fall victim to identity theft. With hackers, fraudsters, and thieves lurking in every sector from retail to fast food to information technology it can be hard to know who to trust, and even harder to learn how to protect yourself. Lucky for you, safeguarding your assets is easier than you […]

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Banks Editorial Team

December 22nd, 2017

Why You Should Make Credit Repair a Priority Next Year

It’s possible to live with bad credit in America right now; but it’s a tough existence. With bad credit, things like car loans and home payments become more expensive and drawn-out, saddled with interest rates that will break your bank account over time. Institutions like insurance companies have grounds to charge you more with a […]

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Banks Editorial Team

December 22nd, 2017

5 Ways to Pursue Effective Credit Repair in 2018

Improving your credit score is one the best possible things you could do for your financial planning, debt, and budgeting for the future. A higher credit score can mean qualifying for lower interest rates and better terms, enabling you to borrow money without accumulating thousands of dollars of debt on top of it. It’s true, […]

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Banks Editorial Team

December 22nd, 2017

Credit Repair | Fixing Your FICO Score After Identity Theft

The rise in identity theft is an unfortunate consequence of technological advancement, and it can wreak havoc on your credit score — but you can minimize the blow. If you fall victim to identity theft, take these steps to repair your credit: File an identity theft report. Report the identity theft to the Federal Trade […]

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