The apparent “American Dream” of owning a home is changing.   For many people, renting not only suits their need for flexibility but it is also an economic necessity due to soaring student loan debt and rising prices. Credit History and Rent Payments Credit history plays a vital role in your life and it is necessary for accessing bank loans, credit cards, mortgages, and auto loans. About 45 million people in the US who have a solid track record of paying rent on time (which constitutes 35% of their income) lack a credit score. …continue reading →
The data breach at credit reporting agency in 2017affected nearly 148 million US consumers, giving hackers access to Social Security numbers, names, credit card numbers, and partial drivers’ license numbers. This information can be used by identity thieves to destroy your credit, file fake tax returns and collect the funds and also hijack your medical data. But it is not only identity theft we need to worry about. It is important that you protect your personally identifiable information (PII) all year round as criminals harvest personal details to access banking websites, launch sophisticated…continue reading →
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 →
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…)