Secured credit cards are the workhorse of credit building: nearly guaranteed approval, real bureau reporting, and a refundable deposit instead of a credit check standing between you and an account. But the difference between the best secured cards and the worst is enormous, and the worst ones are marketed hardest to the people who can […]
Best Secured Credit Cards: How to Choose One That Builds Credit Read More »
Corporate credit is the credit profile a company builds in its own name, scored under its EIN and separate from any owner’s personal file. The term is often used interchangeably with business credit, and for good reason: the machinery is the same. What people usually mean by “corporate credit” is business credit taken to its
Corporate Credit: What It Is and How to Build It Read More »
You formed the LLC, you have revenue, and the bank still said no. For most LLC owners the decline has nothing to do with how good the business is. It comes from a short list of fixable setup issues that make the company look risky, or invisible, to lenders. Lenders and credit bureaus verify your
Business Credit for LLCs: Fix These 9 Issues Read More »
A tradeline is simply any credit account that appears on a credit report: a credit card, a car loan, a mortgage, a business vendor account. Every tradeline tells the same short story, who opened it, how big it is, and whether it gets paid on time, and your credit score is essentially a grade on
What Is a Tradeline? (And How Tradelines Build Credit) Read More »
When it comes to money, millennials are different from previous generations in several ways, one of which is that they always want to increase their credit ratings. Note: the age-group figures in this article come from FICO’s 2020 dataset, the most recent full breakdown cited here. The national average FICO Score has since risen to
What is the Average FICO Score by Age? Read More »
You might be worried that you may not be able to buy a car if you have a poor or no credit history. Fortunately for you, that’s not the case. Poor or lack of credit does not have to get in the way of you acquiring a new set of wheels. No matter your reason
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Obtaining a credit card is commonly regarded as the first and most crucial step in establishing a credit history. If you have a credit history, and you are aged 21 years and older, you have a better chance of receiving a credit card with good benefits. Minors under the age of 18 can enrol as
How Old do You Have to Be to Get a Credit Card? Read More »
While it may seem unusual to the ordinary consumer, there is no legal prohibition against purchasing a vehicle using a credit card. You may make a down payment or even make a whole purchase with adequate available credit, as long as your credit limit is high enough. Having said that, many dealerships have a credit
What Is Considered a Good Credit Score? (And Proven Tricks to Improve Yours) Read More »
You can repair your credit by using a credit repair service, which is one of your options. Many credit repair companies are available to help you with this. A free credit repair service is also an option. So, is hiring a credit repair company worth it? When it comes to using credit repair services to
Credit Repair Pros and Cons: Use a Credit Repair Service or Do It Yourself? Read More »
While it may seem unusual to the ordinary consumer, there is no legal prohibition against you if you buy a car with a credit card. You may make a down payment or even make a whole purchase with adequate available credit, as long as your credit limit is high enough. Having said that, many dealerships
Can You Buy A Car with A Credit Card? Read More »