Archive for January 2022

You hear (and read) us preaching about how low to average credit scores will impact your finances, especially when it comes to large purchases like cars and homes.  So today, let’s look at some real numbers pertaining to credit tiers and mortgage interest rates. The table below shows you average mortgage rates based on your…

When a credit report has multiple negative items on it, credit repair is typically the fastest and easiest way to bring those scores up.  However, if your credit is in good shape and you want to keep building good credit and increase your scores over time, here are a few good habits to form. Review…

It was probably one of our parents who first told us “Good things come to those who wait.”  Chances are, we were wanting something that they either didn’t have or didn’t want to give us at the moment and so they used this phrase in order to buy some time.  Heck, you may have even…

“How many credit cards should I have?” This is actually a pretty common question that we hear, so let’s explore it a bit… FICO recommends that you have 3-5 revolving lines of credit (credit cards), but just as important are: A good diversification of credit (revolving, mortgage, cars, etc…) A seasoned history of responsible use…