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Credit Reports
Types:
-Single
-3-in-1
-Credit Monitoring System
-Free Credit Report
Tips:
-Improving
Credit Scores
-Building Credit
-Re-building
Credit
Basics:
-Age & Credit
-Seniors
& Credit
-Life
Changes
-Getting
Your Report Yearly
-Credit Report FAQ
-Who Looks at Your Credit?
-What is Credit Scoring?
-What
Credit Type Are You?
-How Scores are Computed
-Understand Your Credit File
-Fixing Mistakes
-Sample Dispute Letter
Sample Follow-up Dispute Letter
-Impact Of Inquiries
-Credit
& Mortgages
-Authorized
Users
Credit Scoring Blunders
Identity Theft
Credit Help
Mortgages
Auto Loans
Personal Loans
Debt Consolidation
Credit Cards
Home
-Taxes
-Managing Money
-Credit Help
-Checking Accounts
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LIFE SITUATIONS THAT AFFECT YOUR CREDIT
Significant life changes will affect your credit. For
example, buying a home, getting married or divorced and
having a baby are some examples of situations that change
your financial situation as well as your
credit
rating.
Buying a Home
Purchasing a home for the first time will make some
pretty major demands on your credit. You will need a
decent credit rating to qualify for buying a home. Once
your home is purchased, your credit is going to change
dramatically. For example, as soon as you start paying
your mortgage, you are going to
build personal equity,
which will help you
improve your credit. Also, timely
payments will help improve your credit as well. On the
contrary, a mortgage is considered to be a big loan and
can have a negative impact on your
debt-to-income ratio.
Learn more about the value of
credit and mortgages.
Marriage & Divorce
When you get married, you and your spouse's assets
become combined, making both of you more credit worthy.
Being married also means more financial
responsibilities, i.e.
shared debt.
Some things you need to consider when getting married:
-- Taking your husband's last name. If your change your name, make sure
you inform your creditors and the credit bureaus. Doing
so will eliminate the chance of losing your credit
history.
-- Develop some credit in your new last name. It is important for women
that change their name when they get married to
build credit with their new name.
-- If you have joint accounts, you must make surer that you pay all of
your bills on time. Don't rely on your spouse to make
payments, even if you have not done any of the charges.
If you want your name removed from a joint account, you
must contact your creditor.
**Get more info about
taxes and marriage.
Having Kids
Starting a family will put great demands on your
credit. Often, when kids come into the picture, credit
card bills soar as a result of making your home 'baby
ready'. But, it is important that you must make sure that
all of your credit card bills are paid on time. This does
not mean paying the full balances, just making timely
payments. This way, your credit rating will remain strong
as your kids get older, and become more financially
demanding.
The Passing Away of Your Spouse
By law, your creditor/s can not change the
terms or close a joint account just because your spouse
passes away. It is possible that your creditor will
either ask you to update your account or to re-apply in
your own name. Then, the creditor will determine whether
or not extend your credit or change your credit limits.
Read more about
life changes that affect your credit.
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Check Your Credit! |
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Get a snapshot of how one of the major
credit agencies is reporting your personal information by
buying a
single credit report for just $9.99! |
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The
credit monitoring system does not cost anything for the
entire first month of membership. As a member you obtain instant access to your credit report from all
three of the major credit reporting companies. You will not
only learn how to maintain a positive credit rating, but how
to spot
identity theft! |
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A
3-in-1 credit report will give you a complete breakdown of your credit
as reported by all three of the major reporting
bureaus. |
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