Credit Score Range: Meaning and Impact

The credit score is one of the first terms that come to people's mind when they start learning the basics of personal financing. It is an important term which everyone should know about as this, it is a  3-digit score which holds the power to influence lenders to take decisions in your favor when you apply for a loan. It is important to have a fair understanding of credit score, one should know about the various definitions and implications that we come across while looking for a credit score. Credit [...]

By | 2018-08-24T11:20:31+00:00 June 22nd, 2018|Credit Score|0 Comments

Understand Credit Score

It is very important to understand credits score. They meant to develop a snapshot of the risk you currently represent to a lender. There are several parameters such as length of credit history, loans, mortgages, public records, number of open accounts etc and on this basis, a three-digit score between about 300 and 950 has arrived. This credit score affects what types of loans we can get, can influence our ability to get an apartment or house, and they can even be a factor in our job hunt. Usually, a [...]

By | 2018-08-24T11:20:20+00:00 June 22nd, 2018|Credit Score|0 Comments

How Medical Debt Can Impact Your Credit Score

Medical Debt Impacts on Your Credit Score If You think that medical bills can get worse, you are right at a part. Unpaid bills can cause huge medical debt impacts on your credit score. Generally, this case occurs with the doctors and hospitals as they do not report to the credit agencies. They just turn their debts to the lenders and the collection agencies has to report them. It is not surprising if we say that the debt collection untimely can cause your credit to effect a lot. Just a single unpaid [...]

By | 2018-08-24T11:19:52+00:00 June 22nd, 2018|Credit Score|0 Comments

Ways to Reduce Life Insurance Premium

Every insurance company deals with life insurance policy, it is advisable to go through every detail before buying it.  Life insurance premium will be decided according to the risk involved. In many cases, an insurer can reject the claim of insured because of certain exclusions in life insurance. Mentioned below are some conditions which increase life insurance premium: 1. Excessive Drinking and Smoking As we all know excessive drinking and smoking habit is bad for health and will increase the risks of mortality. Before buying a life insurance plan, an [...]

By | 2018-08-24T11:19:13+00:00 June 22nd, 2018|Life Insurance|0 Comments

Credit Repair Myths

Your credit score plays an important role when you need credit but there are many credit myths. These scores give you the idea to lenders regarding how you handle money and debt, and your likelihood to make payments on-time. It is good if you have an exceptional credit score but many of us don’t have excellent credit. But there are many ways to improve it. But there is still a lot of misinformation when it comes to credit repair. These credit repair myths are more harmful because they make you focus on things [...]

By | 2018-08-24T11:18:49+00:00 June 22nd, 2018|Credit Score|0 Comments

Credit Report Agency

Credit Scores A credit score is expressed in numerical terms at one point in time in the credit reports. It is the major point which helps the creditors to determine whether to give you credit or not, decide the terms you should be offered or the rate of interest you will pay for the loan. Having a high score is an advantage in many ways like making it easier for you to obtain a loan, rent an apartment, and lower your life insurance rate. The Credit Score is calculated on [...]

By | 2018-08-24T11:18:21+00:00 June 22nd, 2018|Credit Score|0 Comments

Common Exclusions in Life Insurance Policies

In the insurance contract, an insurer promised to cover damages suffered by an insured during the emergency according to contract's terms. However, an insurance company wants to limit their losses, by inserting some exclusions in life insurance policies. There are certain events and conditions which are not covered by an insurance policy and these are referred to as "exclusions in life insurance". For example, An individual opts for a life insurance policy but suddenly decided to end his life by committing suicide. As per the life insurance policy, the insured [...]

By | 2018-08-24T11:18:01+00:00 June 22nd, 2018|Life Insurance|0 Comments

Credit Report

A credit report is an important term. A credit report is pulled from at least one of the three major credit bureaus when you do credit card application or financing. Besides major credit bureaus, there are hundreds of smaller credit bureaus across the country. Virtually every credit bureau is affiliated with major credit bureaus i.e. Trans Union, Experian, or Equifax. They collect, manage and maintain information on the vast majority of Americans but they are not affiliated with the government. These credit bureaus sell your information for money. They are [...]

By | 2018-08-24T11:15:53+00:00 June 22nd, 2018|Credit Score|0 Comments

Order Free Credit Report

Getting a free credit report may sound next to impossible, but it’s not. In fact, it’s the law and you’re entitled to not just one, but three reports. You can request for a  free credit report from any of the three main credit reporting agencies once every 12 months. And the ordering of your free credit report is quite a simple process. How to order a free credit report There are three ways to request for a review of your  credit report for free: Online: www.annualcreditreport.com Phone: Call 877-322-8228 Mail: [...]

By | 2018-08-24T11:15:32+00:00 June 21st, 2018|Credit Score|0 Comments

Credit Score Calculation

Credit score calculation Many people are surprised to see that they don’t have just one credit score calculation. Credit scores can vary due to several factors such as score provided by the company, the data on which the score is based, and the method of calculating the score. There are different types of credit score calculation used by lenders and vary due to the difference in the industry. For example, for example, you’re buying a car. When it comes to auto loans, that lender might use a credit score that [...]

By | 2018-08-24T11:15:13+00:00 June 21st, 2018|Credit Score|0 Comments