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Seven Common Bills Impacted By Credit

Credit360 Inc. - Saturday, June 17, 2017
You might know that whether or not you keep up with your monthly bills determines what your credit score will be. But did you know that this same holds true visa versa – your credit score can impact how much you will pay for various expenses. Here are the seven common bills that are affected by your credit health: Credit Cards It’s a vicious cycle: you need good credit to have good credit. If your credit score is poor, you will get rejecte ..

The Case For Having More Than One Credit Card

Credit360 Inc. - Tuesday, May 09, 2017
Three out of four Americans have at least one credit card, and many have two or three to their name. But considering that the average U.S. household has over $15,300 in credit card debt (https://www.nerdwallet.com/blog/credit-card-data/average-credit-card-debt-household/), you might wonder whether it is worth having so many cards that can make it easy to wrack up debt. Since bad credit can impact everything from home ownership to employment, you should think hard about regulating your card u ..

Five Credit Terms and Concepts You Should Know

Credit360 Inc. - Tuesday, April 18, 2017
The key to mastering your credit is knowing all the terms and concepts that come with it. Financial illiteracy is one of the leading contributors to bad credit and other financial problems, so take just a few minutes of your time to learn these valuable credit card-related terms – in plain English. Annual Fee This is how much you are charged every year just for having the card. It can range from ten or fifteen bucks to several hundred depending on the card and it ..

Four Things to Get Out of Your Credit Card Company

Credit360 Inc. - Thursday, March 23, 2017
You’ve probably heard all the usual credit advice before: try to pay your monthly balances in full and on time, plan to pay off any debt within five years, and so on. But even the most responsible credit card owner will find themselves struggling against onerous fees, high interests, and difficult terms and conditions that make lowering your debt difficult. At that point, you should consider taking your credit card company to task. Chances are that you’ve never actua ..

Credit Score v. Credit Report – Know the Difference

Credit360 Inc. - Sunday, February 26, 2017
Just about everyone knows how important it is to maintain good credit. But part of keeping your finances in order is paying attention to your credit score and credit report, which are the two most important indicators of credit health. But many people – including the majority of those less than 35 years of age – have never even obtained either of these items, let alone know the difference between them. Here’s a quick rundown of what you need to know and why it is so important.  ..

Tips on Getting Approved for a Mortgage Loan

Credit360 Inc. - Monday, February 06, 2017
Buying a house is one of the biggest decisions you will ever make. Unsurprisingly, getting a loan for that endeavor is also a big deal, requiring a lot of careful planning and preparation. You want to make sure your American Dream doesn’t become a nightmare, with bad terms and conditions or unsustainable interest payments. Check Your Credit Score Your credit score and credit activity are a major consideration for lenders, especially when it comes to big loans like mortgages. Mos ..

Even a Small Credit Boost Can Go a Long Way

Credit360 Inc. - Thursday, January 05, 2017
The most important factor for any lender considering you for a new loan – whether for a home, car, business, or other purpose – is by far your credit score. Income and employment history are important too, but ultimately the likelihood of qualifying for your loan – and having a manageable interest rate – comes down to that three digit credit score number. Little wonder that when it comes to improving your credit score, many folks understandably aim high  ..

A Quick Guide to Mortgages

Credit360 Inc. - Sunday, November 13, 2016
When buying a home or any other kind of real estate, you’ll need to borrow money – unless you’ve got hundreds of thousands of dollars of cash on hand. Thankfully, there are all sorts of home loans – a.k.a. mortgages – that you can choose from depending on your needs or circumstances. FHA Loan This is the most well known and popular type of mortgage, especially for first-time homebuyers. Insured by the Federal Housing Administration (FHA ..

As the Savings Crunch Continues, Credit is as Valuable as Ever

Credit360 Inc. - Wednesday, October 12, 2016
Contrary to popular belief, Americans were once good savers – during the 1980s, the majority of the population had a savings rate of at least 10 percent. Flash forward to 2006, and the rate has reversed to negative 10 percent – that is, most people have a debt rate of 10 percent. A study by Federal Reserve found that half the country could not even come up with $400 in savings in the event of an emergency. Most low and middle class Americans live on the razor&rs ..

Top Ten Travel Tips for Any Trip

Credit360 Inc. - Monday, September 19, 2016
Travelling doesn't have to break the bank. With a few simple and accessible tips, you can enjoy almost any adventure your heart desires while remaining financially responsible. Here are some ideas from our experienced credit and finance experts. Travel with card and cash Lots of people think that cash is old news now that everyone takes card. But there are still plenty of vendors, particularly in certain countries, that only take cash, especially for little purchases ( ..

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