How Will My Bad Credit Impact My Fiance’s Good Credit?
Lynnette Khalfani-Cox, The Money Coach
February 5, 2010
Q: I’m getting married this year and am cleaning up my credit. I have 10 delinquent debts on my credit reports due to my ex. My
Credit Scores
Credit scores play a huge role in your financial and personal life. Credit scores impact your ability to get a mortgage or rent an apartment, they determine whether or not you will get approved for a student loan or credit card, and your credit scores even influence the rates you pay on car insurance.
For those looking for a job, credit scores are equally important since many employers are checking job applicants’ credit ratings before determining whom to hire. The best way to stay on top of your credit health is to check your credit reports at least once a year and review your credit scores as well. The most common type of credit score is the FICO score. It ranges from 300 to 850 point. The higher your credit score, the better off you are financially.
Which Credit Report is More Important: Equifax, Experian or TransUnion?
Lynnette Khalfani-Cox, The Money Coach
January 28, 2010
Q: Hi Lynnette, I have noticed a difference between my credit reports from Experian, TransUnion, and Equifax. Can you tell me which credit report is
Why Your Credit Score is Different From the Car Dealerships Score
Lynnette Khalfani-Cox, The Money Coach
January 22, 2010
Q: I am car-hunting and a dealer pulled my credit report. He got a 595 score but the last score that I received was 675.
How to Handle a Credit File Dispute
Lynnette Khalfani-Cox, The Money Coach
January 11, 2010
Q: I disputed wrong info in my credit file but i’m not satisfied with the results. What else can I do? A: Anytime you dispute
What Is Considered a Good Credit Score?
Lynnette Khalfani-Cox, The Money Coach
January 10, 2010
FICO credit scores range from 300 to 850 points. Banks and other lenders now want to see 700 credit scores and higher, which is all
What Are Some Reasons That My Credit Score is So Low?
Lynnette Khalfani-Cox, The Money Coach
January 10, 2010
If you get a FICO credit score, or any other credit score, be sure to read the analysis or summary that comes with your report,
Does the Type of Debt I Have Impact My Credit Rating?
Lynnette Khalfani-Cox, The Money Coach
January 9, 2010
From a credit standpoint, the type of debt you’re carrying matters tremendously when it comes to your credit score and your overall credit rating. What
What are Some of the Biggest Myths About Credit Scores?
Lynnette Khalfani-Cox, The Money Coach
January 9, 2010
Many consumers believe a host of myths and misconceptions about their credit scores. Some of the biggest fallacies surrounding this topic involve race, income and
How is My Credit Score Calculated and What Are Some Tips to Improve It?
Lynnette Khalfani-Cox, The Money Coach
January 9, 2010
There is a lot of misinformation about what goes into your credit score. However, officials from Fair Isaac Corporation (the company that created FICO scores)
How Many People in America Have Bad Credit?
Lynnette Khalfani-Cox, The Money Coach
January 9, 2010
Out of the roughly 220 million Americans that have credit files maintained by the “Big Three” credit bureaus (Equifax, Experian, and TransUnion), about 1 out
First Step To Improve Your Credit Score
Lynnette Khalfani-Cox, The Money Coach
January 8, 2010
If you want to acquire top-notch credit, the first step in doing so is to: a) Pull each of your credit files from the three
How Do Inquiries In My Credit Report Impact My Credit Score?
Lynnette Khalfani-Cox, The Money Coach
January 8, 2010
An inquiry in your credit file (credit inquiries) is a record of any application for credit that you made. For example, if you seek a
How Public Records Impact Your Credit Score?
Lynnette Khalfani-Cox, The Money Coach
January 8, 2010
Any “Public Records” listing in your Equifax, Experian or TransUnion credit report will seriously lower your credit scores. Although the “Account Summary” section of your
What Information Is Found In My Credit Reports?
Lynnette Khalfani-Cox, The Money Coach
January 8, 2010
Regardless of whether you pull a credit report from Equifax, Experian or TransUnion, all credit files contain information that can be summarized into five categories:
How Credit Rating Can Affect Your Ability to Get a Job
Lynnette Khalfani-Cox, The Money Coach
October 15, 2009
A Facebook fan had heard that a bad credit rating could keep him from getting a job. He wanted to verify whether this is true