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Why avoiding debt harms your credit score

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Why avoiding debt harms your credit score

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Sound counter intuitive right? You would think someone who saves all their money, are sensible with outgoings, keep all loans paid in full, pay cash for as much as possible and pay their bills on time would have a fantastic credit score wouldn’t you? In fact, the opposite is true. If you avoid credit or […]

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Five more credit score myths busted

Last week I began to bust some of the common myths that surround car loans and finance. I covered escaping bad credit, credit checks not damaging your score, credit cards and their effect on your score, not having debt and when to check your credit score. Today I’ll cover the other five common myths that […]

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Five credit score myths busted for good

To get a car loan, you need to have a credit score. While finance is open to all, you need some kind of credit record and a corresponding score for lenders to be able to decide how much of a risk you are and what kind of deal they can offer. Unfortunately, there are a […]

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Is your credit score impacted if you’re denied a car loan?

It doesn’t matter how many times before you have applied successfully for credit, there is always a nervous moment as the sales person goes off to perform the credit check and approval. Most of the time it’s quickly over and it is good news. Not always though. So does being denied a car loan impact […]

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Bad credit car loans after bankruptcy

Banks and lenders of all kinds have become much more tolerant of less than perfect credit scores over the past seven years. It took long enough, but the credit crisis showed them that it isn’t always our fault if we lose control of our finances. Bad credit car loans  are only one of many results […]

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Bad credit car loans after bankruptcy

Banks and lenders of all kinds have become much more tolerant of less than perfect credit scores over the past seven years. It took long enough, but the credit crisis showed them that it isn’t always our fault if we lose control of our finances. Bad credit car loans  are only one of many results […]

Categories: Finance

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