The coronavirus pandemic has been devastating in many ways, as more than 215,000 Americans have lost their lives and millions have faced unemployment. If you’ve been fortunate enough to stay healthy and employed, the COVID-19 pandemic may have presented an opportunity to save money or pay down credit card debt, the latter of which can contribute to improving your credit … [Read more...] about 3 Tips to Boost Your Credit Score During the Coronavirus Pandemic
A credit reference agency is an independent organization that is said to hold data on individuals. This data is secured and used to evaluate a person when in need of loans and other aids. A credit reference agency, (CRA) holds data that is about you. This data includes financial behaviour, credit applications and accounts. What these reference agencies do is, they … [Read more...] about What Are Credit Reference Agencies? (UK)
The COVID-19 crisis has been interrupting the global supply chains, business activities, stock markets, and other economic factors. Credit holders are no exception. All of us are justifiably worried about the current economic downturn, and whether it will cause a potential drop in our credit. Let’s get one thing straight right away, though. One’s credit score won’t … [Read more...] about How Can COVID-19 Influence Your Credit Score?
Correcting a damaged credit score isn't something that happens overnight. However, there are some steps you can take to help expedite your efforts and make notable improvements within a short period. Whether you're looking at buying a house or trying to achieve financial independence, here are six ways to boost your credit score fast. Pay Your Newest Debts First When … [Read more...] about 6 Ways to Boost Your Credit Score Fast
Americans are currently using around 23% of their available credit limit - which is indicative of the extent to which credit is a part of daily consumer life. Despite this fact, the average credit score stands at around 703 (based on the FICO Score model). On this scale, a score of 750 is considered very good, while one of 800 or more is excellent. Considering the … [Read more...] about 6 Tips For Optimal Credit Management