The Importance of Credit History
Like it or not, having credit is important today. While there are millions of people who are “credit invisible” in the US, their lack of credit can cause considerable hardship. You need credit to:
Buy a house with a mortgage
Purchase a car without cash
Even to rent a car or get a job in some cases
It’s not impossible to get credit with no credit. But…
Credit Repair Services and Debt Settlement Plans
If you’re having financial problems, you may be solicited by credit repair services or companies to settle your debts for “pennies on the dollar.” It is possible, but unlikely. The costs are high and there are better options.
You can’t remove derogatory history from credit reports if it’s true — only if it’s in error
Debt…
How to Build Credit History
Having a good credit score saves you money on everything you finance, and can even help you get a job or pay less for insurance. But how do you build credit and achieve an excellent credit score?
Start small and pay religiously on time
Add an installment loan
Keep balances low
It’s easier to build good credit from nothing than it is to rebuild bad credit.
How…