As a Loan Officer, I have helped many individuals obtain homes as part of my profession duties. From my experience, I can foresee difficult times ahead for those who have bad credit. Recent news stories are misguided in their condemnation of people with poor and bad credit as the cause of the current housing crisis. [...]

You didn’t really expect this to happen. It just didn’t seem like a lot of money at time, but a couple months have passed and when you look at your credit card statement it dawns on you that you’re in serious trouble and there seems to be no way out.

How does applying for a credit card hurt my credit score?
Credit card companies make an inquiry to your credit report every time you apply for a new credit card. These are more commonly known as hard pulls.

When people go shopping for a car, it is natural for them to visit many different dealerships checking out different cars and asking for finance options. Each time you ask for the type of financing you qualify for, the dealership makes a credit check

Most people don’t have the slightest clue what is on their credit report or what their credit score is. This is dangerous because if you don’t know what constitutes your credit score then you probably don’t understand credit that entire well.

You may find yourself in need of refinancing a car or a home even though you have a poor credit history. You will have a difficult task on two levels when you attempt to refinance with bad credit.

It’s not always necessary to use a professional debt consolidation company to repair your credit. You can learn to do it on your own just like countless others before you.

By using a FICO score simulator, you can find out how certain actions you take will either improve or negatively affect your credit score.