Credit Scores

How to Improve Your Credit Score

ByMatt

Today, we feature a guest writer Lori Wade who is interested in a wide range of spheres from business to entrepreneurship and new technologies. If you are interested in the technology or banking industry, you can find her on Twitter or LinkedIn.

While credit scores are essential for mortgages, personal loans, and other types of lending, what does your credit score show? Of course, we all know about credit scores; high credit scores are better than lower scores, but how do lenders use this information, and how can you improve your ranking.

Achieving and Keeping a Healthy Credit Score

ByMatt

We feature guest writer, Raúl Menéndez, who is an Outreach Specialist with Money.com. Today’s post may seem a little different than our usual theme on maximising earning rewards. Raúl will be sharing his experience of going from a low credit score to a high one, and then how to maintain it. So the credit card strategy behind going from a low to high credit score is very different than for someone who already has a strong score looking to leverage for more rewards (which is a post for another time!). For now, thank you Raúl for taking the time to share your knowledge with us, we really appreciate it!

What is a Good Credit Score and How Can You Maintain It?

ByMatt

Today we feature guest writer Jason O’Brien from SMB Compass who will be explaining how to keep credit scores up, specially for small businesses. Thank you Jason and keep up the good work on your endeavors!

If you’re a small business owner seeking financing, your credit score will play a big role in the loan application process. In fact, it’s one of the first things that banks, alternative lenders, and credit unions look at when evaluating your company’s qualification. Although some lenders will allow you to borrow money with a less than ideal credit score, maintaining a good credit standing increases your chances for being approved and receiving better loan terms from lenders.

143 million Equifax Consumers Cyberattacked

ByMatt

Equifax announced that approximately 143 million U.S. consumers, as well as some Canadians had their personal information hacked. The announcement only hit the news today, but the cyberattack occurred between mid-May 2017 and July 2017. 

That is an outrageous number of people, that is almost half of the United States population, granted some of them include businesses. This still sounds very scary. I usually suggest checking your credit information once per year, especially if you get declined a few credit cards in a row. Furthermore, identify theft is also a growing concern. 

Factors Affecting Your Credit Score

ByMatt

Credit scores appear to be a hot topic lately. Especially with all these new mortgage rule changes, qualifying for a mortgage is definitely a contentious issue. Therefore, having a strong credit score will be important. With the desire to participate in the miles and points game, how do we juggle everything? Today, I will discuss all the factors affecting your credit score.