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Nerd Blog!

An image of a cartoon style girl in a graduation cap and gown. She wonders how her student loans will affect her credit score.

Student loans are a common financial concern, and their impact goes beyond just paying them off. They can influence your credit health, and understanding this connection is crucial. In addition, the Fresh Start program introduced in April 2022 by the U.S. Department of Education (ED) has potential implications for your credit. Let's delve into these …

A cartoon style man wearing glasses holding a credit card.

Choosing the right credit card can be a daunting task, given the multitude of options available. To make an informed decision, follow these four simple steps. Know Your Credit Standing Start by understanding your current credit situation. This involves checking your credit score, which plays a significant role in determining the types of cards you're …

A cartoon image of a man wearing glasses. He is stressed out about the consequences of loan defaulting.

When you default on a loan, it's not just about missed payments; it can lead to a cascade of financial repercussions that affect your credit, your assets, and even your legal standing. In this comprehensive guide, we will delve into the repercussions of loan default, the different types of loans, and what you can expect …

A cartoon image of a kid with a magnifying glass going over a credit report.

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 …

A cartoon image of a man surrounded by credit cards.

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 …

A cartoon man with glasses looking frustrated. He is holding a clipboard in one hand and a pencil in the other. He is pointing with the pencil at his credit report. He wonders "Why did I got declined?"

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 …

An image of a cartoon style man wearing glasses. He is wondering how he should adjust his budget for student loan payments.

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 …

A cartoon image of a man wearing glasses. He is concerned about the how breaking a lease will affect his credit

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 …