Credit Score & Credit reports

Question from Sickofcredit: Hi, If my metrics of my credit score are rated as following: -Payment history – excellent -oldest credit like (3yrs) – average -credit usage (0%) – excellent -recent inquiries (11 within the past 2 yrs) – below average -new accounts (3 within the last two yrs) – good -available credit (0) – … Read more

Question from Femme_Mobsters: how much money should i keep on each of my three credit cards of 700, 300 and 300 in order to raise my credit score faster and stay under the 30% factor to avoid negative scores? Hello! Managing your credit card balances wisely is a key step towards improving your credit score. … Read more

Question from Ryan: How can I improve my credit score? Improving your credit score is a crucial step towards financial health and can make it easier to borrow money, secure loans with better terms, and reduce your overall borrowing costs. Here are some widely-accepted practices and guidelines to help you on your journey to a … Read more

Question from Johny: I have been denied every loan that I have applied for over the past 6 months and my credit score is 620 I only have state benefits going coming in at the moment. I have 20 cents to my name and cant use any instant payday app like earning because it doesnt … Read more

Question from Delux: My score is currently a 550 and I’ve been trying to raise it but there is a few items that won’t drop off my credit report even though I’ve disputed them and provided documentation proving that it is inaccurate but yet it stays on my credit report. How do I go about … Read more

Question from Henry: What are the best steps to follow in order to improve a bad credit score? Hello! Improving a bad credit score is a crucial step towards financial health and can open doors to better loan terms, lower interest rates, and more opportunities. Here are some widely-accepted practices and steps to help you … Read more

Question from Bacha: I am in Melbourne. I got AUD $15000 credit card and I have used all the money. every month it deducts nearly AUD 300. Why Hello! It sounds like you’re trying to understand why your credit card is deducting nearly AUD $300 every month. Let’s break down the basics of credit card … Read more

Question from Carl Frye: with a credit score of 620 or above can a person be approved by a secure or unsecured loan or free grant? Hello! Navigating the world of loans and grants with a credit score of 620 or above can seem daunting, but understanding your options can make the process smoother. Let’s … Read more

Question from Alejandro: I need to get a bank account and a loan, line of credit, or a government loan for my TX LLC. I am the only member of my LLC. The LLC is 23 months old. Hello, Setting up a bank account and securing a loan for your Texas Limited Liability Company (LLC) … Read more

Question from RAF: I would like to apply for a debt consideration loan to consolidate my existing debt and liabilities. Currently, I have a personal loan with a certain bank amounting to a certain sum and an existing credit card debt with the same bank. I also have a debt with another credit card company. … Read more

Question from Martin: I am a 21 year old Belgian student. I live in Belgium and would like to take out a loan in Belgium. What are the different credits for students? What amounts are available and at which banks? Hello! As a student in Belgium, you have several options when it comes to borrowing … Read more

Question from Anno: I want to purchase a home under FHA and use the Starter grant for closing. I have to close on this before end of October… I pulled all of my 3 scores and I am sitting with 633 for vantage 3 on TU and Equifax and Experian FICO 8 is 640 with … Read more

Question from mj: I’m officially debt free! What can I do to rebuild credit? Congratulations on becoming debt-free! This is a significant financial milestone. Now, it’s time to focus on rebuilding your credit. Here are some steps you can take: 1. Regularly Check Your Credit Reports Firstly, it’s important to regularly check your credit reports. … Read more

Question from CB: If your credit score is in the low 500s – can you buy a home with a mortgage? Yes, it is possible to buy a home with a mortgage if your credit score is in the low 500s, but it can be more challenging. Lenders often see a low credit score as … Read more

Question from John: I’ve been told I should never ever dispute a credit report error online. Why do you think that is? Hello, Disputing a credit report error online might seem like the quickest and most convenient option, but it’s not always the best approach. Here’s why: Limited Space for Explanations Online dispute forms often … Read more

Question from AM: I am drowning. Thinking about just stopping payment on everything unsecured and making settlement offers as they sue me. My biggest concern is an $18k loan with LendingPoint. It’s on AutoPay. How do I stop them from taking it out? Can/will they call my employer to attempt to collect and if so, … Read more

Question from Jyso: If I use my secured credit card to purchase something and turn around and pay the bill that same day, will that affect the way it’s reported to the credit bureaus ? Background: I got approved for a credit card but a secured one and it’s my FIRST card ever.. but I … Read more