It’s always alarming when you see an account you don’t recognize on your credit report — particularly when a balance is listed. Many panic when they see an entry for CBNA because they don’t know what it means. But it’s rarely cause for concern. Key Points CBNA on Your Credit Report Usually Means Citibank Credit …
Why Is CBNA on Your Credit Report? Learn What It Means Read More »
Seeing your credit score suddenly drop for an unknown reason can certainly give you a scare. There are a number of reasons why your score may have dropped, ranging from small mistakes like a single missed payment to much more serious situations if a stranger has gotten a hold of your financial information. If your …
Why Did My Credit Score Drop? Here are 11 Possible Reasons Read More »
Have you ever been out enjoying the weekend knowing that you have $500 in your account to spend and wake up to a nightmare Monday morning that you are overdrawn and slapped with a $35 overdraft fee? Or that charges on your credit card have been declined? Knowing the difference between a current balance and …
Current Balance or Available Credit: How to Tell the Difference Read More »
Before you apply for a new credit card or any new loan, you need to know your credit score. There are many ways to get a free credit score, but it’s essential to understand which score you’re seeing and what it means. Key Points How to Check Your Credit Score for Free Though many banks, …
Don’t Pay! Here’s What You Need to Know to Get a Free Credit Score Read More »
Unless you plan to pay off your credit card bill in full every month, the APR is one of the most important considerations when selecting a card. But what is a high APR for credit cards? Let’s take a look. Key Points What Credit Card Companies Don’t Want You to Know Ideally, credit card users …
Is Your Credit Card APR Too High? What You Need to Know Read More »
If you don’t have much credit history or need to improve your score, there are many ways to go about this. Kikoff Credit promises to boost your credit score for a small monthly fee. Does it work? The team at Credit Summit signed up to find out. Our Top Pick: Kikoff Disclaimer: Credit Summit may …
Kikoff Credit Review: Pros, Cons, Ratings and What Customers Are Saying Read More »
If you’ve diligently paid down your debts, you probably don’t have to worry about debt collectors. If you miss a payment, however, you might get an alarming notice that you owe money to a company you don’t recognize. Don’t panic. Your creditor has likely sold your account to someone else, for example, LVNV Funding, LLC. …
What is LVNV Funding LLC? Why is it on My Credit Report? Read More »
It’s common for people with bad credit to get turned away when trying to buy a cell phone and set up wireless service. Most phone carriers still check your credit. However, bad credit does not necessarily mean going without cellular service or a new iPhone. Key Points Pro tip: T-Mobile used to offer a “No …
How to Get Approved for a Cell Phone with Bad Credit Read More »
If you’ve ever applied for a loan, apartment rental or even a job, you might have seen the three-digit number that is your credit score. And if that number changes from day to day, or application to application, chances are you’re wondering why. What many borrowers don’t realize, however, is that there are multiple credit …
Which Credit Bureau, Report or Score is Most Accurate? Read More »
Your credit utilization ratio, or credit utilization rate, is the amount of available credit you have versus how much you’re currently using. It primarily refers to revolving credit — lines of credit and credit cards — since these have an upper limit but the balances can change based on your usage. It is a key …
