Credit reporting agencies are companies that collect and maintain information about your credit history. Checkout this video: Credit Reporting Agencies A credit reporting agency is a company that collects information about where you live, how you pay your bills, and whether you have been sued or arrested, and then sells that information to creditors, employers,…
Credit analysts are responsible for assessing the creditworthiness of individuals and businesses. They use their findings to make recommendations about whether to extend credit and what terms to offer. Checkout this video: The Role of a Credit Analyst A credit analyst is a professional who works in the credit department of a bank, financial institution,…
It’s a question that’s been asked for decades: when were women first allowed to have credit cards? The answer, it turns out, is a bit complicated. Checkout this video: The History of Women and Credit Cards It might come as a surprise to some that women were not always able to have their own credit…
You’re trying to improve your credit score, but it’s not increasing as fast as you’d like. Here are some potential reasons why. Checkout this video: Check your credit report for errors Mistakes on your credit report are one of the common reasons why your credit score isn’t moving. If you find an error, you can…
If you have a credit score of 800, you’re in good shape. Here’s what you can expect when it comes to borrowing money. Checkout this video: The Basics of a 800 Credit Score A credit score of 800 is considered to be excellent and means you’re a low-risk borrower. This means you’re likely to be…
You may be surprised to find medical collections on your credit report. Here’s how to remove them and improve your credit score. Checkout this video: What are medical collections? Medical collections are collections on your credit report that are related to medical debt. These can be from hospitals, doctor’s offices, or any other type of…
How Are Credit Card Payments Calculated? – Do you know how your credit card issuer calculates your monthly payment? – Most credit card issuers use something called the average daily balance method to calculate your monthly payment. – But there are a few other ways your issuer could be calculating your monthly minimum payment. Credit…
If you’re wondering how long it takes to build credit from scratch, you’re not alone. Many people face the same challenge when they’re trying to establish a good credit history. The good news is that it doesn’t have to take long to start building credit. There are a few simple things you can do to…
Looking to cancel your Bank of America credit card? Here’s a step-by-step guide on how to do it. Checkout this video: Cancelling Your Card It’s easy to cancel your Bank of America credit card by calling the customer service number on the back of your card. You’ll need to have your account number and personal…
How much credit do you start with? It’s a good question and one that we get a lot. Here’s what you need to know about credit scores and credit reports. Checkout this video: The Truth About Credit Credit can be a confusing topic, especially if you’re just starting out. You may have heard that you…