There are three little words you’ll probably hear time and time again as you approach major financial milestones in life: “You need credit.”  Interested in a credit card so you don’t have to carry around a lot of cash?  “You need credit.”  Looking to buy a car?  “You need credit.”  Want to own a house?  “You need credit.”  And while most people probably have a base understanding of what that means – you’ll need to borrow money, of course – they may not understand the ins and outs of credit and why their credit reports and credit scores are … Read More

Bad credit – two of the most dreaded words in the English language. Bad credit can really take a toll on a person’s life – and not in a good way. In fact, the effects can be worse that one might think. Having bad credit can make it next to impossible to attain a new car, an apartment, a personal loan or even a home. Even something as simple as getting a new credit card will be out of the question for a consumer with negative credit history. The most widely used credit scores are FICO scores, the credit … Read More