When you apply for any type of credit, whether credit cards, the credit bureaus are informed. This application appears on your credit report as a ‘hard inquiry’. Compared to soft inquiries, hard inquiries can dampen your credit score a little in
Whenever you apply for a new loan or credit card, the company performing the credit check will evaluate your creditworthiness. This sort of credit check is referred to as a hard inquiry. While hard inquiries do little harm to your credit score and
Uncollected medical costs are on the rise in the United States. Healthcare expenditure has continued to increase, and more insurance policies exclude significant portions or require the patient to pay a large amount out of pocket. This often gives
Introduction A home equity line of credit (HELOC) enables the homeowner to borrow money against the current market value of the home. It operates in the same way as a credit card; you have a certain amount of credit up to the credit limit which you
How does a HELOC impact your credit score? HELOC is a versatile loan that can be effective for paying off credit card balances or for improving housing conditions. However, every time a new loan is taken, there is likely to be a negative impact on
Does a Credit Limit Reduction Affect Your Credit Rating? Your credit limit is the most money that you are allowed to spend on the credit card that has been issued to you. Whenever one applies for a credit card, the credit card company provides the
Utility bills and credit – do utility bills affect your credit score? A credit score is a three-digit figure that indicates your creditworthiness and payback capacity, therefore guiding the credit providers. A credit score is a numerical
Can Utilities Influence Your Credit Rating? Your credit score is a figure, ranging from 300 to 850, which helps creditors determine how likely you are to repay your loans. Credit rating is a numerical representation of creditworthiness ranging from
Introduction Borrowing for college is an essential tool that enables many individuals to finance their college or graduate studies. However, taking out loans translates to going into debt. This leads many students to wonder: Can student loans help