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The Basics for Needing a Cosigner on a Loan

You went to apply for a loan, positive you would be approved, only to be told by the financial institution that you need a cosigner. That can feel like a blow to your confidence. You may even be wondering what a cosigner is exactly. How do you choose someone to be your cosigner, and more importantly, what can you do if you can’t find a cosigner? Here we layout the basics of needing a cosigner for your loan.

How to File a Credit Dispute

Your credit report is an important part of your financial health. However, for it to be a reliable source of information to creditors it needs to be accurate. If you have found an error on your credit report, such as a trade line that isn’t yours or a debt that has long been paid off, then you will need to file a credit dispute to have the information corrected. Here are the things you need to know for filing a credit dispute.

What is an Educational Credit Score?

You hear about apps and websites offering free credit scores all the time these days, which is great! These educational credit scores allow regular people to keep a closer eye on a very important part of their finances. However, people often run into the issue where the credit score they are seeing in their app is not the same as the credit score that is pulled by a lender when it’s time to apply for a loan. The reason for this is because there are two types of credit report inquiries, soft and hard.

Can You Buy A Home If You're In Debt?

If you are looking for a home, you might be wondering if it is possible to purchase one if you are in debt. Most Americans are in debt, so you are not alone in wondering this. Here is what you need to know about credit and how it affects your home buying goals:

How Does a Credit Score Work And Why You Should Care

Credit scores have a vast impact on people's financial lives. Your credit score determines what type of car or house you can afford and how much your payments will be. It can affect your ability to lease an apartment or to be hired for certain jobs.

Am I Bankrupt? How to Tell if Your Financial Situation is Fatal

If you are struggling to pay your bills, it may be a good idea to look into bankruptcy. Generally speaking, this is the best option for someone who spends more than 50 percent of their income towards bills and won't pay off their balances within five years. Before filing for bankruptcy, you should talk to a lawyer or financial adviser to look over all of your options.

The Relationship Between Credit Cards and Credit Reports

Credit reports are an important determinant of a financial future, since the financial credibility of a person is often determined by their credit report and score. Someone with a clean credit report with a significantly high credit score as well as no defaults or late payments are considered good or even great borrowers. But what exactly is the relationship between credit cards and credit scores?

How to Stop Wage Garnishment from Happening

If you have received a notice of wage garnishment, sometimes referred to as income withholding, it can be very stressful. While this type of court order is no joke, it’s important not to panic. There are options available that can stop wage garnishment from proceeding. Here are several steps you can take to try to overcome the threat of your wages being garnished.

Why Are My Credit Scores Different?

There are a number of different credit score monitoring apps and websites these days. If you use more than one of these services, you may have noticed that your credit score varies each time you check your score. To make it even more confusing, your credit score is likely different when you apply for a loan at your financial institution. But why?

What is a FICO Score?

You maybe wondering, "What is a FICO Score?". The FICO Score, is your credit score, it is available for your review through all three major consumer credit reporting agencies: Experian, Equifax and TransUnion. Lenders use your credit score to make accurate, reliable, and fast credit decisions when you apply for a loan. There are five main components of a FICO Score and managing these five components will help you maintain a good credit score.