First thing first – you need to know what the bank will know about you!

Banks determine the risk of loan based on you – your past financial history. They are looking at your credit score, which is a record of all the credit that has been issued you and your history of paying that credit back.

Your credit score is one of the most important financial tools you have. And just like any tool, it will only benefit you under certain conditions. First of all, it needs to be inspected for any defects. Many people don’t bother to examine their scores for various reasons.

For many when they think of the lenders perspective of making a loan, they often think about a group of people sitting in a smoke filled room making decisions about who they will loan money to based on whatever the current economic conditions are. While this is somewhat true, lending is about assessing risk, meaning judging your risk to repay the loan back to the lender.

Save on Your Credit Score this Holiday Season With the economy slowing and holidays just around the corner, many consumers may be looking to credit cards to help them get through the heavy shopping season. While that may be a good short-term solution, you want to make sure you don’t overlook the long-term impact on [...]