Budgeting Help
Articles by this Author
Understanding Credit: Introduction
- By Budgeting Help
- Published 04/6/2007
- Credit
- Unrated
You have many needs in life. At home, you want spend your evenings in a comfortable leather couch, watching the game on your flat panel television surround sound calibrated to your specific audio tastes. You want to show your long-term girlfriend or boyfriend that you care by giving them an elegant ring, or a tasteful bracelet
Understanding Credit: Types of Credit
- By Budgeting Help
- Published 04/10/2007
- Credit
- Unrated
There are numerous types of credit that can have an effect on your credit report and credit score, which will determine the future credit, terms and interest rates you can obtain. There are so many ways you can finance, borrow, or secure credit from a creditor that it can seem overwhelming.
Understanding Credit: Other Types of Credit
- By Budgeting Help
- Published 04/10/2007
- Credit
- Unrated
There are other types and forms of credit that play a more minor role in your credit rating. This includes service credit, and whether the credit obtained is secured or unsecured
Understanding Credit: Your Credit Report
- By Budgeting Help
- Published 04/11/2007
- Credit
- Unrated
Each of the three major CRAs (Credit Reporting Agencies) produce and update your credit file with their own standards of recording, from which your personal credit report is based. Some of the information in your credit report are factors related to calculation of your credit score (a.k.a. FICO score or credit rating)
Understanding Credit: Items That Affect Your Credit Score
- By Budgeting Help
- Published 04/11/2007
- Credit
- Unrated
Collection Accounts are also included in your credit report, and always have a negative effect on credit scoring. As collection accounts only arise from delinquent payment history with a creditor, they can lower your credit score.
Understanding Credit: Your Credit Score
- By Budgeting Help
- Published 04/11/2007
- Credit
- Unrated
The items included in your credit report will be used in determining your credit score. Each of the three CRAs (Credit Reporting Agencies) calculates their own credit score based on the information reported in your credit file.
Understanding Credit: How Credit is Tracked
- By Budgeting Help
- Published 04/11/2007
- Credit
- Unrated
As shown in the previous articles, obtaining credit rests on several factors including past performance meeting debt, payment and credit obligations. Your past and current creditors keep track of your account and payment history in numerous ways
Understanding Credit: Developing Good Credit
- By Budgeting Help
- Published 04/12/2007
- Credit
- Unrated
Now that you know what CRAs (Credit Reporting Agencies) use to calculate you credit score, there are many ways to beat the credit game and ensure you are building solid history and a higher credit score.
Understanding Credit: Developing Bad Credit
- By Budgeting Help
- Published 04/12/2007
- Credit
- Unrated
By now, you should have a clearer idea of what you need to do to develop and maintain good credit. What are some ways you can develop bad credit?
Understanding Credit: Signs of Credit Mismanagement
- By Budgeting Help
- Published 04/12/2007
- Credit
- Unrated
Do you feel that you are experiencing a few “credit mishaps”? Or could it be more serious credit mismanagement where you may have to consider drastic measures for debt management?