As the nation slowly recovers from the economic crisis and lending institutions continue to tighten the qualifications for obtaining new loans, potential borrowers need to be more proactive than ever in establishing and maintaining good credit. Although good credit doesn’t happen overnight, here’s a refresher course on the best ways to consistently boost your personal credit score. Continue reading →
In a relationship, there are many issues that can come about when it comes to money. Credit worthiness can be a tricky subject to delve into with your partner – especially when trying to divulge that your credit rating is a little more red than black. When one partner has excellent credit and begins a relationship with a new partner that has made mistakes in the past leading to a lower credit rating it can be difficult to begin a dialogue.
There are many things to remember when you marry into bad credit. Just because you are signing nuptials, does not mean that you are going to be effected by the lower credit rating. When you apply for a loan, credit card or other type of credit – unless you are applying for a joint account, the creditor does not have the permission to check the credit report of your spouse, unless their name is on the application. If you prefer to keep your credit histories separate, until the bad credit issues have been resolved – it can be crucial to discuss this early on in the relationship. Continue reading →