Credit

Banks Editorial Team

December 8th, 2018

Installment Loans for Bad Credit: A Brief Overview

Installment loans for bad credit are financial products that allow individuals to borrow a specific sum of money up front in order to complete a purchase and then pay that money back, with interest, over a specified amount of time. Examples of installment loans include auto loans and student loans. In order to ensure that loans […]

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Banks Editorial Team

December 6th, 2018

How to Improve Your Credit Score by 100 points as Fast as Possible

Do you wish you could improve your credit score by 100 points? Your credit score is one magic number that could have either a positive or negative impact on your financial life. Finding it through a credit report and grasping the ways in which it can be improved is, therefore, a very important task. Improving […]

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Banks Editorial Team

December 5th, 2018

Improve a Low Credit Score To Prevent Financial Doom

Do you need to improve a low credit score to increase your financial freedom? Even though you currently have a low credit score, it does not mean that you are financially doomed forever. If the appropriate strategies are put in place one can improve their credit score and return to financial stability. A low credit […]

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Banks Editorial Team

December 4th, 2018

Credit Score Range: Where Are You?

When it comes to understanding your credit score range, there are two ranges that are commonly used by lenders: FICO and VantageScore. Both use the same calculation and information, but the categories they utilize are different. The FICO score categories are Exceptional, Very Good, Good, Fair, (Very) Poor, and No Credit. VantageScore’s categories are Superprime, […]

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Banks Editorial Team

December 4th, 2018

How to Build Credit

Learning how to build credit can be difficult, but through opening a secured credit card, becoming an authorized user on someone else’s card, and taking out a credit-builder loan, you can be on your way to building a great credit history and a brighter financial future. First start by learning what your current credit score […]

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Banks Editorial Team

December 3rd, 2018

What is a Good Credit Score?

While there are various different credit reporting tools available, most lenders and creditors use your FICO Score and VantageScore to make most lending decisions. Although there are minor variations in determining what is a good credit score, most lenders agree that the average benchmark of 700 serves as a good guideline for determining a good […]

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Banks Editorial Team

December 3rd, 2018

What’s The Difference Between Credit Score and Credit Report?

Knowing the difference between credit score and credit report is important to your credit health. A credit report contains information about your past credit activity and current credit situation while your credit score is a three-digit number used by lenders in the United States to evaluate how risky you are as a borrower. Credit reports […]

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Banks Editorial Team

December 2nd, 2018

What is a Good Credit Score and Why Does it Matter?

Most credit scores usually fall under the 600-750 range. Better credit decisions result in higher scores which give creditors the confidence that a borrower will repay their future debts. Conversely, lenders can use a poor credit score as a basis for denying you credit. Different reports have varying metrics which lenders use to determine what […]

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Banks Editorial Team

December 2nd, 2018

What is a Bad Credit Score?

A bad credit score is a nightmare for your financial dreams. Maintaining a minimum score of 630, below which you are deemed risky, is very important to enjoy the benefits of the social structure and to lead a smooth life. Several benefits, ranging from credit card to home insurance, require you to make sound financial […]

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Banks Editorial Team

December 1st, 2018

Credit Check: What is My Credit Report and Does it Matter?

Creating a credit check ritual is important to maintaining your credit health. If you have any experience with trying to get a loan, trying to buy a new car, or even looking around for a new apartment, you might know just how important your credit score and your credit report can be. Government agencies, landlords, […]

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