When it comes to improving your credit, a lot of different strategies can help you to reach your goal. Paying your bills on time, every time is the first place you should start. Checking your three credit reports for accuracy is also important. You may be able to…
Category: Credit Cards
What Is Credit Utilization and Why Is It So Important to Your Credit Scores?
Updated September 27, 2021 If you want to earn great credit scores, pay your bills on time every month. The previous statement is good advice; however, it is also incomplete. Paying your bills on time is not enough to achieve and maintain great credit scores. Only 35% of…
Equifax Data Breach: How to Find Out If You’re Affected and What to Do About It If You Are
In September of 2017, the credit reporting giant Equifax announced some very unsettling news. The credit reporting agency experienced a massive data breach which unfortunately compromised the personal identifying information of approximately 143 million people.
The Ideal Credit Card Balance to Optimize Credit Scores
As a reader of the GreatCredit101 Blog you already know that credit cards can be a very powerful tool – when used properly – to help drive your credit scores upwards. A credit card with a $0 or very low balance can potentially help to give your credit scores…
Credit Cards: Evil Traps or Useful Tools?
Your credit scores are arguably the most important numbers in your life. After all, credit has an impact upon you when you apply for a mortgage, try to finance a vehicle, open a new utility account, and credit may even impact you when you apply for new insurance…
Why Credit Avoidance Is a Bad Strategy
The title of this piece alone is enough to ruffle the feathers of the die-hard believers in the cash-and-carry lifestyle. So, before I even begin with my explanation of the many ways that swearing off credit can come back to bite you, let me begin by stating that…