A bad credit score (business or personal) is a red alert for financial institutions that trade in the small business loans. It’s the one major reason considered by Banks and other lender agencies on your eligibility for a loan. This is because your personal credit score is solely a function of your financial reliability, whiles your […]
Important Steps to Repair Your Credit Score
Anyone that has damaged credit may already have realized how difficult this can make life. A poor credit score can make life challenging in many ways. Unfortunately, there are many people these days that have to try and cope with bad credit. A variety of factors can have a negative impact on your credit score […]
5 Tips to Repair your Credit Score
In today’s fast-paced world, where banking has expanded to every corner and lending is the primitive source of earning profits for banks, it has become hard for individuals and companies to maintain a good credit score. The credit score is a number which reflects the chances of a borrower to pay back. Nevertheless, credit score […]
Average American Credit Score is Higher than Ever, Research Shows
Americans now have a higher credit score than they did before the 2008 financial crisis, research shows. According to a report from ValuePenguin, the FICO average credit score in the U.S. is 695, an all-time high. The average Vantage score has hit 671. FICO and Vantage are among the most widely-used credit scoring models in […]
How can a Credit Card Help you Build Credit History and Improve Score?
While most of the people do not like the idea of using credit cards with a fear of overspending or incurring debt, some shy away thinking credit cards adversely affect ones credit score and history. This could not be more far from the truth! Credit cards are a double-edged sword. While using them wisely can […]
Over 28% of credit-active consumers in South Africa has a credit card
A new study carried out by TransUnion found that 28% of credit-active consumers in South Africa hold a credit card. Even though this study concentrated on the credit activity of “Gen Z” consumers –those born in and after 1995–, it also shed a light on the consumer credit market as a whole. Credit Activity The […]
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