Credit

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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Banks Editorial Team

December 22nd, 2017

Follow These Strategies to Repair Your Credit After Divorce

Divorce is as much a financial experience as it is an emotional one. But along with the division of assets comes a new chapter — a chance to repair your credit. While divorce doesn’t cause poor credit in itself, child support payments and being responsible for 100% of your bills may cause financial strain. Some […]

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Banks Editorial Team

December 15th, 2017

The 4th Major Credit Bureau You Probably Overlooked

Did you know that there are more than three credit reporting agencies in the United States? Of course, we’ve all heard of Equifax, Experian, and TransUnion. Interestingly, there is a fourth credit bureau called Innovis that is both well-established and has a significant database of consumer information. Here is a brief overview of those three major […]

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Banks Editorial Team

December 15th, 2017

How Much Does Credit Monitoring Cost?

The frequency of data breaches and phishing scams has increased so much that more and more consumers are seeing the value of signing up for a credit monitoring service. According to the latest figures from the Identity Theft Resource Center (ITRC), there have already been 1,120 data breaches in 2017 with more than 171 million […]

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Banks Editorial Team

December 15th, 2017

What is an Alternative Credit Report?

When was the last time you checked your credit score? If you saw a number that you didn’t like, did you do anything about it? Our modern systems rely on credit to allow everyone access to more purchase power. But credit comes in different forms, and some of these are prioritized when factoring your traditional credit score. […]

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