Credit Freezes will Soon Be Free: What it Means and Why it Matters for You

Credit Freezes will Soon Be Free: What it Means and Why it Matters for You

Credit Repair, Credit Scores
August 10, 2018 • 6 min read by David Lord 0 Comments If you’ve ever stepped into the ring with an identity thief, you are probably familiar with a credit freeze. Credit freezes are an incredibly helpful line of defense in protecting your credit, but like everything else that’s good in life, these measures don’t always come free. Luckily, congress is taking steps to change that. Read on to learn about credit freezes, and how government mandates will make them free in the future. Free Credit Consultation - Call 844-346-3296 Repairing Your Credit With Lexington Law Can Help You Save MoneyGet Help Now Privacy Policy What is a Credit Freeze? A credit freeze is a nifty little tool that allows you to block any agency from checking your credit, making…
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6 Creative Ways to Lower Your Debt-to-Income Ratio

6 Creative Ways to Lower Your Debt-to-Income Ratio

Credit Repair
August 16, 2018 • 10 min read by Rebecca Safier If you’re struggling to qualify for a personal loan, your debt-to-income (DTI) ratio could be to blame. Your DTI, often expressed as a percentage, compares your debt payments with your gross income each month. Loan companies look closely at your DTI before approving your application. If the ratio is high, lenders take it as a warning sign that you might not be able to repay what you owe. Plus, a high DTI could make it difficult for you to cover living costs or save for the future. Find out how your DTI can impact not just your loan applications, but also your daily life. Then, consider the six creative strategies for lowering your debt-to-income ratio. Get Your Free Credit Score & Monitoring Plus Weekly Updates…
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When Hard Inquiries Fall Off a Credit Report, Does Your Credit Score Go Up?

When Hard Inquiries Fall Off a Credit Report, Does Your Credit Score Go Up?

Credit Repair
August 21, 2018 • 7 min read by James Conners If you’ve applied for a loan or new credit recently, you may have noticed (or been forewarned) that a “hard inquiry” was made into your credit report. Inquiries are just another term for credit check, and they helps banks, lenders, and creditors determine your creditworthiness. While there are technically two types of inquiries — hard and soft — only a hard inquiry has a negative effect on your credit score. But it’s difficult to avoid a hard inquiry when you really need a loan or new credit. And thinking about what it does to your score can understandably be worrying. But remember that your credit report and credit score are never permanent. They fluctuate over time to reflect your credit…
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