Posts tagged credit score
Bad Credit No Credit

You can build credit from scratch faster than you can rebuild bad credit since negative activity remains on your history for seven years or more. Additionally, most lenders who claim to offer loans and credit lines to consumers with poor credit will also loan to those with no credit.

As with everything in life, you will find exceptions to this rule. However, I have found that most people asking this question already have bad credit, or they have had poor credit in the past and worry about a family member or friend going through similar experiences.

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What is the Impact of COVID-19 on Credit Reports and Scores?

The coronavirus pandemic of 2020 has led, for the first time in human history, to the shuttering of the world’s economy and to international trade. Countries have shut borders even to neighboring trading partners while simultaneously closing millions of businesses to contain the spread of the COVID-19 infection.

Financial Literacy is having both the knowledge and the competence to manage your personal and household finances in order to set and reach meaningful goals.

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How to Start Building Credit

Credit is not a dirty word. This is the first thing you’ll need to understand when it comes to building credit and becoming more financially responsible. You may have heard the horror stories about borrowing money and the difficulties that can put you into, or perhaps your parents have spoken to you about the dangers of having a credit line and have warned you not to borrow. If this sounds familiar, you might well be completely averse to gaining any kind of credit.

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