A credit score is an unavoidable part of financial life. This three-digit number derived from information on your credit report directly impacts your ability to borrow money or access credit. It is one of the indicators used by lenders to assess how likely you are to repay debts in a timely manner. This score also affects how much you’ll pay to borrow money. The more you know about your credit score and what affects it, the easier it will be for you to protect your credit from negative impacts. Read More “What You Need to Know About Credit Inquiries and Your Credit Score”
These days you can do just about anything from a mobile device. The convenience is amazing but living so much of our lives online presents some challenges. With data being stored and shared in cyberspace, there is also a heightened awareness of the need to protect sensitive information. As a Chief Information Security Officer, I am hyper-focused on this issue. A few weeks ago we shared some insight about protecting your credit from identity theft. The tips in this article prompted some additional questions that I’ve addressed below:
Read More “Going Beyond the Basics to Protect Yourself from Identity Theft”
If you are concerned about protecting your financial information from identity theft and data breaches, it’s important to know your options. While credit monitoring and fraud alerts indicate suspicious activity and provide added security, they may not offer enough protection. Placing a freeze on your credit (also known as a security freeze) can add an extra layer of protection against criminal activity. Here’s what you need to know:
Lenders rely on credit reports as part of the process to qualify you for a loan. Negative information on a credit report or a low credit score could suggest that you are less likely to pay back debt as agreed. The tips below will help you “clean up” your credit so that you can put your best foot forward when applying for a loan.
Read More “Tips for Doing Your Own Credit Repair”