Virginia Raegan

Applying for a car or home loan can be challenging with a lower credit score. Meanwhile, a higher credit score could help you secure more favorable loan terms. There are plenty of ways to impact your credit score. Some are relatively straightforward, while others might require resources you may or may not have. For example, while you get help with credit card debt , you can still look for credit report errors. If you aren’t happy with your credit score and want to take steps to move it in the right direction, keep these four tips in mind. Keep in mind that there are no guarantees, but good financial habits might have an impact in the long run. Check Your Credit Report for Errors One of the easiest, quickest ways you may be able to impact your credit score is by looking for errors on your credit report. These errors can be negative factors for your credit score. They could come from someone with the same name as you, a misspelled address, or a variety of other human or system errors. ...

When you need help with credit card debt , you might not be sure where to start. You have the money to start paying off your credit card balances, but is there a certain strategy to try over another? What is the most effective way to pay off your debt? How can you follow progress? Here are some popular ways to start paying off debt with your extra money, in addition to pros and cons to consider. Avalanche Method The avalanche method is quite simple. You pay down the account with the highest interest rate first. You can use a credit card interest calculator to determine how much you will save if you first pay off your highest-interest loan. For example, you might have a credit card with upwards of 22% APR. Once you have paid off that debt, you can work on other accounts. This could be other credit cards, or it could be student loans, a mortgage, or car loans. This method will save you the most money over the long term. However, if you have a high balance on the account, it could tak...

Consumer credit cards have high interest rates and complicated terms. It’s easy to accumulate debt quickly. If you’re saddled with excessive credit card debt, you might be looking for a way to achieve credit card debt payoff sooner rather than later.  There are plenty of companies that can help you, and the right company may be able to do things like simplify your payment process. This can help get you out of debt faster. The key to making the most of those benefits is learning how to identify the right services and loans for your needs. A Simplified Process A credit card debt management company might do any number of things to help you simplify the process. The company might provide you with a line of credit and use that credit line to pay off all your credit cards. Paying that one provider once a month allows you to stop juggling multiple credit card payments. You might use this if you have high income and high debt, letting you use disposable income to pay off th...