July 25, 2018 Shawn Lane Consumer Credit Expert Most credit questions asked of me can be answered exactly the same. “It depends…” Question: How will an inquiry impact my credit? Answer: “It depends” Question: How will opening a new credit card impact my credit? Answer: “It depends” Asking how co-signing impacts your credit is no exception. The effect which co-signing …
Why Paying Your Credit Card On Time Isn’t Enough
June 14, 2018 Shawn Lane Consumer Credit Expert Basic credit common sense tells you that paying your bills on time is essential to maintaining a good credit rating. What you may not realize, however, is that your payment history is only one component of good credit. Payment history absolutely matters, but keeping your payments on time alone is not enough …
4 Credit Mistakes You Can Teach Your Children to Avoid
May 15, 2018 Shawn Lane Consumer Credit Expert As a parent, you are responsible for teaching your kids many different important life lessons. When they are young, you help them learn how to walk and talk. A few years later, you start teaching your kids about reading, writing, and arithmetic. Yet somewhere between lessons about the golden rule and the …
Don’t Fall for These Credit Myths!
February 5, 2018 Shawn Lane Consumer Credit Expert The world of credit is overflowing with myths and plain bad advice. Unfortunately, when it comes to your credit, believing the wrong myth could really hurt you. Before you blindly follow the advice you received from your well meaning loved one or the credit tip you read online from your favorite financial …
5 Things You Can Do to Increase Your Credit Score
January 3, 2018 Shawn Lane Consumer Credit Expert Struggling with the effects of bad credit can be very stressful. When you have credit problems, there is no question that life often becomes more difficult. With bad credit it can be tough to purchase a home, secure reliable transportation, and qualify for a credit card. In fact, bad credit can even …
Buying a Home With Less Than Perfect Credit
October 16, 2017 Shawn Lane Consumer Credit Expert Is your goal to purchase a home in the near future? If so, there is a checklist of qualification standards you are going to need to meet before a lender will approve your mortgage application. Among other requirements, this checklist includes proof of steady employment and income, acceptable debt-to-income ratios (can you …
4 Common Credit Mistakes to Avoid
June 14, 2017 Shawn Lane Consumer Credit Expert Knowing what not to do can be just as important as knowing what you need to do when it comes to your credit. Even if you have worked hard to establish good credit, the wrong slip-up has the ability to undo much of your hard work. Thankfully you have the opportunity to …
Getting Your Credit in Shape to Buy a Home
June 8, 2017 Shawn Lane Consumer Credit Expert Dreaming about buying the perfect home? If so, then you may have already picked out your favorite neighborhoods and floor plans. You might have imagined exactly how you will decorate each room in your new home or you may have plans for a beautiful outdoor retreat in your back yard. However, if …
Credit Scores and How They are Calculated
June 9, 2016 Shawn Lane Consumer Credit Expert In today’s world, it seems we are all defined by a 3-digit number, our credit score! If we have a high credit score, life is easier. We’re able to qualify for lower interest rates, higher borrowing limits, lower insurance premiums, better quality rental properties, and even the American dream of home ownership! …
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