Why You Should Use Credit Cards as Debit Cards
Using a credit card like a debit card - only using it when you have enough funds to fully pay off the sales amount - will help improve credit score over time....
Tag: credit score
Going Bankrupt Does Scare Lenders Away
Bankruptcy filers get fewer new cards, suffer a significant reduction in their credit limits and the impact seems to be long-lasting; but that is by design....
On the CFPB, Debt Collection and Credit Worthiness
The CFPB tells us that not paying off a credit card collection account may have no effect on a consumer's future borrowing prospects. The CFPB is very wrong....
More on Using Alternative Data for Determining Creditworthiness
Alternative data promise to help lenders separate genuinely risky sub-prime borrowers from those who are not quite as risky....
Social Data Will not Replace FICO, but Will Improve Credit Scoring
Skepticism of the use of social data for the purposes of evaluating borrowers' creditworthiness is fairly widespread, but it is misplaced....