Credit Sesame recently analyzed data for our more than 8 million members to identify the worst credit mistakes that people with poor credit make. People with poor credit scores tend to have these three credit missteps in common.
The better your credit score, the better the financial opportunities that become available to you. If you are concerned about how your poor credit is impacting your choices, let’s get to work to improve your score.
More than one in four accounts held by Credit Sesame members are currently in collections or charged off. The bills that don’t normally show up on your credit report can cause the most damage to your score.
I’m all about goal-setting. In school, I earned good grades—not straight As, mind you, but a healthy mix of As and Bs. In my work as a writer, I keep tabs on how my stories perform compared to those of my peers for the sheer joy of a little friendly competition. So when it came
We all want to get rid of debt. Debt is costly and can prevent us from reaching financial goals (or at least prevent us from reaching them when we’d like to). Some people consider credit card debt bad and mortgage or student loan debt good. The truth is that having any debt means you are
Millions of consumers should be a lot happier with their credit scores this summer when the three credit reporting agencies start removing certain tax liens and civil judgments from credit reports — whether they are accurate or not. Some negative data will be removed from credit reports Liens and judgments that have incomplete identifying information
What You Don’t Know Could Hurt You You’re a champ at making your credit card payments on time. But checking your credit on the regular? That’s an entirely different story. It far too easy to forget to monitor your credit, but it could be dangerous to do so. You don’t want something damaging to sneak
Credit is a powerful tool for achieving financial goals, such as buying a car or owning a home but for many consumers, it’s a mysterious concept. Young adults, in particular, tend to view credit with a certain degree of wariness. Thus, they often misunderstand basics of how credit works and why it’s important. Consider this.
Buying a home is a major financial milestone and it doesn’t happen by magic. To get a mortgage, the consumer must do some necessary financial legwork well in advance. Lenders look at the borrower’s complete financial picture to determine whether he or she qualifies for a loan, and at what terms. The complete picture includes