Financial problems, divorce, and trashed credit reports often go hand in hand…in hand. In fact, some studies suggest that up to 80% of divorces cite financial problems as the primary factor leading to the dissolution of the marriage. It is no secret that divorce tends to cause major…
Category: Credit
5 Ways You Could Accidentally Mess Up Your Mortgage Approval
Home buying can be both an exciting and simultaneously stressful process. Receiving a pre-approval letter from your mortgage loan officer can often be a huge relief. After all, a pre-approval is an important step toward purchasing the home you have been dreaming about. Yet it is important to…
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…
Where Do Credit Scores Come From?
Credit scores affect your life in many important ways. First, anytime you apply for a mortgage, car loan, credit card, or financing of any kind your credit score will be looked at to determine whether you are approved or denied financing. If you are approved, your credit scores…