Category: Personal Credit

What Do Credit Scores Tell Us About the Health of the Economy?

What Do Credit Scores Tell Us About the Health of the Economy?

Most headlines these days are telling us that the economy isn't in the most stable position due to the pandemic, war, fuel prices, inflation, and the potential to be heading to a recession.  Experian’s State of Credit report from 2021, an analysis of all things credit, details the geographical and generational breakdown of average credit scores, how much credit consumers are using, and how they are paying it back. The report essentially tells us that credit use remained nearly steady… Read More
Here’s What You Need to Know Before Applying for a Business Credit Card

Here’s What You Need to Know Before Applying for a Business Credit Card

Congrats! You’ve decided to invest in your business by getting access to some capital. Perhaps that decision includes opening a new line of credit with a business credit card. Before you hit "submit" on that application, however, some questions may affect you. Will you be eligible for the best interest rates? Are you choosing a card that's right for the kind of business you're running? Read on to see the must-read facts regarding your business and getting access to that dream… Read More
How Tax Liens & Judgment Liens Work

How Tax Liens & Judgment Liens Work

In Summer of 2017, new reporting standards from the National Consumer Assistance Plan were released in relation to both tax liens and judgment liens. In a nutshell, going forward, for either a tax or judgment lien to be reported on your personal credit report, the reporting must include all of the following: Your name Your address Your social security number Your date of birth Required courthouse visits every 90 days to make sure records are updated This new reporting feature… Read More
How to Get a Handle On Your Credit Cards in 2018

How to Get a Handle On Your Credit Cards in 2018

Were your credit cards a little out of control in 2017? With the new year comes a new opportunity to manage both your personal and small business credit cards a bit better. Doing so can save you both time and money, while offering you a chance to earn more rewards and enjoy more benefits. Here are five ways to get a handle on your credit cards in 2018: 1. Take an Inventory A lot of people have numerous personal and… Read More
Why Your Credit Score Will Be Even More Important in 2022

Why Your Credit Score Will Be Even More Important in 2022

Interest rates are steadily rising in 2022, making it more important than ever to check and maintain a good credit score so you and your small business can get the financing you need.  Your credit score is one of the most important factors when it comes to getting a loan. You’re no doubt aware that good credit scores will help you qualify for personal credit cards, mortgages or car loans, and sometimes student loans. What may surprise you is how… Read More
What’s the Lowest Possible Personal Credit Score You Can Get?

What’s the Lowest Possible Personal Credit Score You Can Get?

In the world of finance, it’s common to hear people bragging about their credit scores. These badges of money honor are one famously important indicator of how accomplished a consumer appears. The higher, the better, and so – when talked about openly – it’s most often the big numbers you’ll hear about. What about those who are hanging out at the bottom? Their credit history may not be a sign of good times or wise decisions. Perhaps, they suffered from… Read More