The Difference Between Hard and Soft Inquiries

There have been numerous questions regarding the impact of credit bureau inquiries on your credit score. Let me set the record straight.
Inquiries can be broken down into two types: hard inquiries and soft inquiries. Hard inquiries are made when you apply for a loan, mortgage or any other credit. [...]

Seasoned Tradelines

A new method of rapidly boosting your credit score has developed called seasoned trade lines. Seasoned trade lines are credit cards or lines of credit that have high limits, low balances and an excellent, long repayment history. Private individuals, called investors, add your name to their credit line and “piggyback” as an authorized [...]

Getting a Loan With a Co-Signer

If you do not have an established credit history applying for a loan with a co-signer may help you get approved. Co-signers are used to strengthen a weak application and make it more likely to get approved. Co-signers can be a parent, a spouse, a friend or any other eligible adult who has [...]

Low FICO Score? The Sooner You Know the Better

Improving your FICO score can help you get lower interest rates. In fact the FICO score is the most important factor lenders use to anticipate how you will repay a loan. FICO is an acronym for the creators of the score, Fair Isaac Credit Organization. “FICO” has became [...]