Myth: Checking your credit will lower your credit scoresFACT: Checking your credit via credit monitoring sites like Credit Karma, Credit Sesame, etc… will not lower your credit scores. Credit monitoring sites pull your credit information via a soft inquiry which does not impact your credit scores. Applying for credit (mortgage, auto loan, credit card, etc…) …
Your credit scores are determined by the information reporting in your credit reports which is an overview and history of the decisions that you have made while maintaining your credit. Every decision you make to apply for a new account, open a credit card, pay your bills, charge your credit card, etc… impacts your credit …
Ever wonder what those WFNB, WFNNB, and CMNTY accounts on your credit are? Well, it’s all the same company. World Financial Network National Bank and Comenity Bank are subsidiaries of Alliance Data, a corporation which was formed in 1996 when JC Penney’s credit card business (BSI Business Services, Inc.) and The Limited’s credit card business, …
9 Reasons Your Credit Limit Increase Request Was Denied Ever wonder why your credit card company wont raise your credit limit? Here are some common reasons of why your credit limit increase request was denied, and what to do to increase the credit limit on your credit cards. 1. The account was recently past dueWhat …
What’s the quickest way of getting your finances in order and saving hundreds if not thousands of dollars? Paying off your credit cards of-course. High interest rate charges can drain your bank account and keep you from achieving financial success. 30% of your credit score comes from the utilization rates on your credit cards and …