Finance Globe

This is the fourth post in our series about building a bad credit score into an excellent score. If you are seeking ways to improve your credit score, it is important to understand the items that have the biggest impact. This will ensure that you spend your time and energy in the appropriate manner. Your FICO score takes into consideration both negative and positive information. For example, a late payment will lower your score while establishing...

This is the second post in our series about building a bad credit score into an excellent score. It goes without saying that a high FICO credit score is better than a low score. Your score is used when making a variety of lending decisions, so you don’t want to do anything to risk your good standing. Generally speaking, an excellent FICO score falls in the 750 to 850 (perfect) range. It may not be easy...

This is the sixth post in our series about building a bad credit score into an excellent score. If you are dedicated to improving your credit score, if you are sure that this is a goal you can reach, you won’t let anything get in your way. To ensure that you are on the right track, it is essential to review your credit report and score on a regular basis. With an annual review, for example,...

This is the fifth post in our series about building a bad credit score into an excellent score. Once you understand which items have the biggest impact on your credit score, it is time to take action. Are you going to pay down debt in a hurry? Will you alter your budget to ensure on-time payments in the future? Regardless of the strategy you implement, you hope your credit score begins to increase soon enough. Time...

This is the third post in our series about building a bad credit score into an excellent score. As you continue your quest toward an excellent credit score, you will find yourself faced with a very important question: which steps can you take to improve your score within a reasonable period of time? While nothing happens overnight, there are some key steps you can take to put yourself on the right path: 1. Pay your bills...

This is the first post in our series about building a bad credit score into an excellent score. When was the last time you reviewed your credit report? If you can’t remember, if you know you have neglected to do so in the past, it is time to make a change. Contrary to popular belief, credit bureaus are not perfect. There is a chance your credit report could have at least one mistake. Subsequently, your score...

The new year is a time to start fresh for many, with resolutions to do things better than they were done in the past. But what if you start the new year with a constant reminder of yesteryear’s indulgences, such as a credit card balance that will take months or even years to knock down to zero? It can be a little frustrating when you’re dedicated to reducing your debts but it’s happening at a paltry...

Whether your poor credit score is caused by living beyond your means through overspending, or an unfortunate circumstance that made debt repayment difficult, your credit score can be repaired. But bad credit scores weren’t earned overnight. Your credit score may have gradually fallen over a period of months or years until it dropped to a point where obtaining new credit or qualifying for fair credit terms became difficult. Just as damaging your credit score was a...

If you are overwhelmed with debt and feel that it’s impossible to ever pay it all back with your current income, you may be considering bankruptcy. There are two types of bankruptcy: Chapter 7, also known as straight bankruptcy or liquidation, is the type which clears the filer of all qualified debts. Chapter 7 filers must meet certain income criteria. Chapter 13, also known as a reorganization or payment plan bankruptcy, is a court-ordered structured repayment...

Can you think of anything worse than student loans that linger, year after year? Not only do you have to make the monthly payment, but you will constantly worry about when the balance will finally be paid off.Like most people with student loans, it is likely that you are interested in repaying the debt sooner rather than later. Here are three tips for speeding up the process:1. Pay more than the minimum amount due. It goes...