If you ever need expert assistance or guidance on your credit journey, don't hesitate to reach out to the Nerds! Additionally, stay updated with the latest tips and information by following us on Facebook, Instagram and TikTok! Understanding Derogatory Marks on Your Credit Report Derogatory marks, also known as derogatory credit items, are negative entries on your …

Understanding Credit Score Ranges: What You Need to Know Credit scores typically fall within a range of 300 to 850, but variations can extend from as low as 250 to as high as 900. The specific range depends on the scoring model used to evaluate your credit. Many people aren't aware that they possess multiple …

Should you notice an abrupt decline in your credit score without any apparent reason, it could be attributed to the presence of unwarranted credit inquiries. However, take solace in the fact that credit bureaus sometimes offer the option to remove these unauthorized inquiries from your credit report. In this comprehensive guide, we will delve deeply …

An impressive credit score is often defined as having a FICO® rating above 670. When you're considering a credit card, car loan, or mortgage, lenders heavily rely on this three-digit assessment to gauge your financial credibility, making it a significant factor in their decision to extend you financial opportunities. Understanding how this rating is calculated …

The journey of divorce is undeniably challenging, as it brings forth emotional turbulence that can profoundly affect various aspects of life, encompassing living arrangements, finances, and even the welfare of children for those who are parents. Amidst this turmoil, you may be contemplating how divorce influences your credit. While divorce itself does not directly impact …

Receiving a decline notice can be frustrating and confusing, especially when you were confident in your application. In this article, we'll delve into the common reasons behind credit card, loan, or job application denials, helping you unravel the mystery of 'Why Did I Get Declined?' Common Reasons for Credit Denial Understanding why someone with a …

The end of the coronavirus student loan payment pause has left many borrowers feeling stressed about resuming their payments. According to a recent survey, nearly 90% of student loan borrowers are anxious about this transition. With an average monthly payment of $203, finding extra cash flow in your budget can be a challenge. In this …

How breaking a lease affects your credit is a common concern, but it doesn't directly impact your credit score. Typically, landlords don't report lease terminations to major credit bureaus like TransUnion, Experian, and Equifax. However, credit-related consequences can arise based on your financial behavior during and after breaking a lease. The critical factor is fulfilling …

Keeping a good financial record means reducing negative stuff on your credit report. These things lower your credit score and can stay there a long time. Knowing how long they stay can be tricky. Usually, bad stuff can be on your report for 7 years, but not always. Sometimes, bankruptcies last 10 years, and hard …