How to boost your credit score if you are a first time home buyer

How to boost your credit score if you are a first time home buyer

If you need a mortgage, a good credit score, also called a FICO score, is essential—and it’s within your control. In short, a credit score is a simplified calculation of your history of repaying debts and making regular loan payments. If you’re borrowing money to buy a home, lenders want to know you’ll pay back … Read more

Always read the fine print: Take these precautions before signing up for a store credit card

Always read the fine print: Take these precautions before signing up for a store credit card

When Mykail James was 19 and working vacations at Victoria’s Secret, she got a store credit card with a $2,000 line of credit. When her school break ended, she realized she could no longer afford the payments. After losing a few, she paid off the card only to find that her credit score had dropped … Read more