How We Can Inadvertently Lower Our Credit Scores

credit report

Over the years we have heard, and been told, how important our credit score are. There are even adverts on the TV telling and showing us how these companies can help to improve our credit scores. And our credit scores are important, as they are used in many ways. Some employers use credit scores to […]

What Is a Good Credit Score?

credit score

This is a question I get asked very often, and the answer, as many answers are, is vague at best, but the bottom line is, the higher your credit score the better. So how high is high? This is where it can be a bit vague as different credit bureaus use different scores, although all […]

The Price You Pay For Being In Debt

wallet

What is the price you pay for being in debt? It is not your immortal Soul…..but there is a price. So what is the price or prices you pay for being in debt? I will only address two (2) here, but there are more. Interest and Charges For many people who are in debt and […]

Debt And Credit In a Digital Age

Warp drive

Sometimes I cast my mind back, back to a time when if you needed a loan, you went to your local bank, spoke to the Bank Manager or Loan Officer, completed a loan application and waited. You waited for the loan committee to meet, usually on a Wednesday, and they approved your loan. In some […]

What Are The Two Main Factors In Getting Approved For a Loan?

calculater

Applying for a loan these days could not be easier, everything is done online. All our banking can be done online now as well. You can pay bills, transfer money, even pay in cheques using a mobile application. Cheques? When was the last time anyone used a cheque? The fact is with most things financial […]

Does Catalogue Debt Affect My Credit?

catalogue

Question I owe about £800 to 2 different catalogue companies, and I am not paying them. Will this hurt my credit score? Answer It will only lower your credit score if it is reported to the credit bureaus. Not all lenders or catalogue companies report to the credit bureaus. However, if you default on the […]

Does Applying For a Loan Lower My Credit Score?

credit report

Question I am trying to get a loan and have applied to a few banks online. I was told that by applying for a loan to a few banks it could lower my credit score, which could cause me to be rejected for the loan. This makes no sense to me, as you need to […]

Can My Credit Score Be Lowered Due to a Disputed Account?

success sign

Question My question is this: I have a dispute with a loan company over the last payment on a loan. They say I still owe £99, and I say I paid the loan in full. Now they are harassing me to pay this £99, which I do not owe. They say if I do not […]

Will Increasing My Credit Limit Hurt My Credit Score?

Visa gold card

Question I have been offered a credit limit increase on my credit card. They are offering me a £750 increase, and my limit is currently £1,500. I need to complete an income and expense form online and then it looks as though they automatically increase my limit. I just wonder if this is something that […]

How Can I Improve My Credit Score?

my credit report

In today’s world, there are a few things that have changed, are changing even more, and we also need to stay more aware of. And one of those things is our credit scores. We should all know our credit score and monitor it on a regular basis. Why you may ask??? Credit files and credit […]