How Credit Use is Affecting Millennials: Facts, Figures and More There is a lot of information that you can easily access regarding credit repair and how it works. Not everyone however, wants to get bogged down with the technicalities of loans, mortgages, interest rates, and debt to income ratios – at least not the millennial.…
DetailsThink You Know It All About FICO Score 9? Think Again! A closer look at what’s new in FICO score 9 and its impact on Medical Debt Millions of Americans pay more than they should for mortgages, credit cards, and other debts; thanks to the unpaid medical bills. The scenario, however, is slowly changing after…
DetailsUnderstanding the Impact of Unpaid Medical Bills on Your Credit Report After a serious medical crisis, unpaid medical bills may create chaos in your financial life. Unpaid medical bills have a direct effect on your credit score. As per the Federal Reserve, one out of six credit reports contains a component of medical debt collection,…
DetailsSocial Media Credit Scores: All you Need to Know The role of social media has significantly increased in our day-to-day life. From building relationships to providing a platform for business and now determining our creditworthiness, social media has touched every aspect of our life. Since the time news broke that Facebook will allow credit agencies,…
DetailsSomeone Stole My Credit Card. Could It Affect My Credit Score? A lost or stolen credit card doesn’t affect your credit score provided you take remedial measures on time. The market is rife with certain misconceptions about what happens to your credit score when the lost credit card is replaced with a new one. The…
DetailsCan Applying for Loan Lower My Credit Score? A loan is a process in which one party (lender) agrees to lend money to another party (borrower) in exchange for a promise to repay the amount in future. Not many borrowers are aware of the fact that a loan can have negative as well as positive…
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