$ 9 debt destroyed a California resident's credit rating and made it impossible for her to get a mortgage

The woman described how opening a credit card store at Home Depot destroyed her credit score and jeopardized her chances of buying a home after she forgot about the $ 9 paint fee. The Daily Mail reported in more detail. ...

Lack of credit history or bad credit rating: which is worse

Lack of credit means that you have no credit history. But a bad credit rating means you made a few mistakes and paid the price. How is a bad credit history different from a lack of credit rating? Both options present problems, but lack of credit is better ...

How Various Financial Transactions Affect Your Credit Score

Sometimes managing your credit and keeping track of your credit rating can be like playing chess. While the impact of certain financial steps on creditworthiness may seem mysterious, there are some general guidelines as to what can happen to your credit rating in certain circumstances. MSN Edition ...

How to check if your SSN has been stolen and protect your personal data

To avoid becoming a victim of financial fraud and identity theft, Americans are advised to fix their credit rating (security freeze) at the current level and delete any suspicious emails, advises USA Today. The experts in the fight against information theft gave advice that is now relevant ...

How an immigrant can create a good credit history from scratch: step by step instructions

If you've just moved to the US, your finances will get a fresh start too. But immigrants with no credit history in the United States can find it difficult to rent an apartment, buy a car, or even get a mobile phone plan. Before you commit any ...

American banks plan to give loans to people without a credit rating: this will greatly help immigrants

For years without a credit rating, it has been extremely difficult to get a credit card, certain types of loans, or even rent an apartment, especially for newly arrived immigrants. But a new plan by some of the country's largest banks to exchange information on deposits and ...

A low credit rating affects not only finances: what else is at risk

Almost true, having a low credit rating is bad. But you don't even suspect that a low credit rating can affect more than just your finances. It can drastically change your lifestyle, even negatively affect your mental health. ...

How to get the perfect credit rating

According to the popular FICO credit rating system, the ideal number is 850, which is difficult but not impossible to achieve. Unfortunately, the specific formula that would allow reaching the maximum is kept secret, but specialists know its main criteria, the newspaper writes ...

During a pandemic, your credit rating may have dropped: why it happened and how to fix it

According to the consumer group, a record number of complaints about errors in credit reports go to the credit monitoring bureau, and the pandemic is to blame for this, writes Yahoo. Consumers pay the price for these mistakes - credit ratings fall. But it's not too late to defend yourself - ...

Average credit score for rental housing has risen: how to build a good financial history

You may have heard that the higher your credit rating, the more financial flexibility you will have. Having a solid rating increases the likelihood that you will get approved for a new credit card, car loan or mortgage. And if you want to rent a house, but ...

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