Joseph Kenny asked: Your credit rating is important. It may determine whether you can get a car loan or a mortgage. But do you understand the elements that decide whether your credit request is approved or denied? Here’s what you need to know about your credit rating.What Is A Credit Rating?When people apply for loans, [...]
Isendar asked: About 8 months ago, I applied for a credit card. I use it religiously about 3-5 times a month (usually about $20/month) so that I can raise my credit rating. I currently have Capital One so the APR is quite high (Mine’s at 21.50% right now). I had 2 mishaps where I was [...]
Joseph Kenny asked: The day you open a bank account is a very significant day. It’s the day you take your first steps towards financial responsibility. It’s also the day that your credit report is created – and unlike your bank, your credit report will be with you for the rest of your life.Your credit [...]
CatDad asked: I’m self-employed and I have an exceptional credit rating: Equifax FICO is 802 and TransUnion is 789……Does anyone know if I can get a fixed mortage for, say 100K, based entirely on my credit score?Bertha