FAQ

Question from mj: I’m officially debt free! What can I do to rebuild credit? Congratulations on becoming debt-free! This is a significant financial milestone. Now, it’s time to focus on rebuilding your credit. Here are some steps you can take: 1. Regularly Check Your Credit Reports Firstly, it’s important to regularly check your credit reports. … Read more

Question from CB: If your credit score is in the low 500s – can you buy a home with a mortgage? Yes, it is possible to buy a home with a mortgage if your credit score is in the low 500s, but it can be more challenging. Lenders often see a low credit score as … Read more

Question from John: I’ve been told I should never ever dispute a credit report error online. Why do you think that is? Hello, Disputing a credit report error online might seem like the quickest and most convenient option, but it’s not always the best approach. Here’s why: Limited Space for Explanations Online dispute forms often … Read more

Question from AM: I am drowning. Thinking about just stopping payment on everything unsecured and making settlement offers as they sue me. My biggest concern is an $18k loan with LendingPoint. It’s on AutoPay. How do I stop them from taking it out? Can/will they call my employer to attempt to collect and if so, … Read more

Question from Jyso: If I use my secured credit card to purchase something and turn around and pay the bill that same day, will that affect the way it’s reported to the credit bureaus ? Background: I got approved for a credit card but a secured one and it’s my FIRST card ever.. but I … Read more