How to Read Your Credit Report
Start by checking your identifying information, account history, balances and payment details. Look for accounts you do not recognize, duplicate entries, incorrect balances, and dates that do not…
Read Article →CreditPros360 Journal
Category: <span>Credit Education</span>
Consumer education, practical financial thinking and credit knowledge.
Credit Utilization: What It Means
Credit utilization compares the outstanding balance on a revolving credit account with its available credit limit. A $300 balance on a $1,000 limit is 30% utilization. Our credit…
Read Article →How to Dispute a Credit Report Error
If information in a credit report is inaccurate, start by collecting supporting documents and describing the specific error. The CFPB explains that you generally should contact the credit…
Read Article →Debt Snowball vs. Debt Avalanche
Two common debt-repayment methods differ in how they prioritize balances. The snowball approach applies extra funds to the smallest outstanding balance first, while the avalanche approach prioritizes the…
Read Article →Build a Credit-Friendly Monthly Budget
A budget can help you identify funds available for on-time payments and emergency savings. List monthly income, essential expenses, minimum debt payments and flexible spending, then calculate the…
Read Article →What to Know About Credit Repair Claims
Be cautious of organizations that guarantee specific credit score improvements or promise to remove accurate, up-to-date negative information. The FTC offers consumer guidance on fixing credit, including signs…
Read Article →