Credit Expert Blog

Opening A Bank Account With Bad Credit

admin — Wed, 26 Oct 2011 15:38:58 +0000

When you’re applying to open a new bank account when you have bad credit, many banks will run a credit check. If you have a bad credit rating, you could be turned down. It may be a better idea to open a basic bank account if you are in this situation. Some companies offer ‘no …

How To Repair Your Credit: The Long Road to Credit Repair

admin — Fri, 15 Apr 2011 01:00:45 +0000

This article is about credit repair for people who have experienced bad credit. Only those who have traveled the road to poor or bad credit know that to turn around and erase their tracks is not only difficult, it is painful. The act of acknowledging the problem is much like opening the lid on expired …

Middlemen Are Not Required For A Free Annual Credit Report

admin — Tue, 29 Mar 2011 20:05:07 +0000

By now, you may have heard at least one advertisement that’s for a free annual credit report. There are only a few minor technical problems with these come-ons. Little things, such as requiring you to subscribe to their service, which ends up not being free at all– even if the credit report they use as …

FICO Credit Score Range: What You Need To Know

admin — Tue, 29 Mar 2011 19:42:20 +0000

The Credit Score Range was established by the American analytics company Fair Isaac Corporation (FICO) in 1958. A person’s credit score is a number based on his creditworthiness, i.e., his ability (or inability) to pay off his debts. Previous loans, credit cards and insurance policies are taken into account, and as a general rule the …

Making A Good Credit Score Even Better

admin — Mon, 28 Mar 2011 18:52:48 +0000

People often wonder what number counts as a good credit score. According to Fair Isaac, the inventors of the FICO score, the average American credit score is 723. Surprisingly enough, however, this is not considered to be an average or good score but is actually an excellent one. Most financial literature published since the year …

Secured Credit Cards Offer A Way Back From Ruin

admin — Sun, 27 Mar 2011 15:50:45 +0000

As the nation gradually recovers from the financial earthquake of 2009, many people find themselves trying to rebuild their shattered financial identities, secured credit cards can really help. Although it is often no fault of their own, late payments, closed accounts, foreclosures, and bankruptcies have marred the record of many honest and hard-working citizens. Secured …