For the past 27 years, FICO Credit Scores have been the bedrock of most consumer- lending decisions in the US. These scores were based mostly on consumers’ history of paying mortgages, credit card balances and loans. The FICO model has been periodically updated to help lenders to be more informed about credit-granting decisions and help the consumer get access to the credit they need. The most widely used version is FICO Score 8. The latest update is that Fair Isaac Corp. (the company behind FICO) has decided to test out a new type…continue reading →
In the day and age that we live in today credit scores have a great influence on our financial future and that is why many parents nowadays are not only worried about their child’s health and safety but also about how their kids can build a good credit. How soon should one start to build credit? The answer is that the teenage years are the best time to start building a credit history. This means that parents will have to take the lead in explaining the basics of saving, earning and spending before…continue reading →
Millennials (people aged 18-34) don’t fully understand what impacts a credit score than older generations but according to a recent study it does not stop them from trying to improve their credit. They check their credit scores most and are trying actively to build and improve their scores according to Discover’s 2018 Credit Survey of US consumers. If your credit score is lower than what you would like it to be then you are not alone as credit scores are influenced by many factors like a long credit history (35%,), level of debt…continue reading →
Living in a dynamic century, the ‘Woman of Today’ is in search of a responsible life partner who can manage his money. Your credit score says a lot about your character. Very few of us are free from debt issues but one who pays his debts responsibly is a better option as it increases your chances of finding long lasting love. A Survey Report in a US newspaper revealed that 9 out of 10 people consider financial security an important factor for getting married. According to New York Times more people are adding credit scores to their social filters A couple benefits in the long run if they have a responsible approach to finances. Life in the modern world without using financial services is simply unrealistic and access to debt is essential for a middle class life. Sometimes when money problems come to light late in a relationship it can lead to separation and divorce. A good credit score will have a great impact on your love life and can lead you to happiness.
Debt impacts your family life in many ways:
- Burden of debt will affect your contribution to household expenses or even your entertainment and holidays.
- It can prevent you from buying a home of your choice. Your own home indicates a financial stability and commitment.
- Having kids is a milestone that cements many relationships, but severe debt problems can put a break on this next step and results in marriage breakups.
To make your credit score more appealing and getting out of debt should be your priority for a carefree and happy life. We at ZINU CREDIT REPAIR offer valuable assistance for managing your finance.
Ring us at (800) 400-ZINU(9468) to know more. (more…)
How to Detect Identity Theft on Your Credit Reports If you discover some information in your credit report that’s not yours, it could be the result of a file merger error. Statistics show that the majority of people have errors in their credit report. This implies that somebody else’s credit knowledge has been merged with yours. It may sound awful. So, before you jump to conclusions it will be helpful to understand that there are two main types of incorrect information in your credit report. Honest Mistakes: It can be due to a…continue reading →
Well a lot of people actually do not understand what exactly credit repair is. So, how can one deal with it? Dealing with credit repair may not seem to be an easy procedure, but in reality it is not that complicated too. Just read on to get a fair idea about how you can do so in the long run. The first thing that you need is to get a Credit Report from any of the well known credit agencies like Experian, Equifax or TransUnion. You can get one from each if you…continue reading →
Here are a few of the many myths that are busted about rebuilding credit. You must have read and heard a lot about debt management, debt settlement, and credit score. The question is that do these terms mean anything or are they just layman terms? Can credit be repaired in reality? The answer to these questions can be found in them only. It is correct you need to research a little. If you are in trouble with your debts, get an answer to these questions. This article will give you an idea. Increasing…continue reading →
To fix credit score individuals think that registering themselves with bureaus helps them manage their bad credits so here are some Awesome tips to fix credit score. Credit scores can be fixed with the following two-fold process: 1. It helps to understand credit scoring and how to skew credit rating system in the favor of individuals. 2. Using credit repair techniques to clean out bad credits. Practical application one can find in everyday scoring health is simple and one can find it fruitful. Here are a few tips for credit improvement:…continue reading →
If there is an unstable economy in the state then the individual finds it tough to get a credit card. Whether it be a home loan or business loan, it becomes a bit harder to get it approved, due to bad credit score. The credit card company does look at multiple factors when they take up a decision. Credit worthiness It is also necessary to look up the credit worthiness, but some credit card companies do look into more detailing. Amount of debt that an individual has as his outstanding amount. It is…continue reading →