Do you want to learn about credit & credit repair? You’re in the right place. Knowing what you’re dealing with can definitely help when it comes to your money, borrowing, and debt.
Let’s start with some helpful articles, and then go over what some of the terms you hear a lot mean.
Credit & Credit Repair Articles
- What Happens When You Have No Credit Score
- What You Need to Know About Closing Credit Cards
- Credit Karma: Get a Free Credit Score and So Much More
- Manual Underwriting Magic: Getting a Mortgage With No Credit Score
- Improve Your Credit Score by Paying Off Debt: How It Can Help
- Thinking of Credit Repair? Think Twice and Beware of Scams
- Credit Expert Explains How Regulation B Impacts Credit Reporting
What is Credit?
Credit means that you’re able to borrow money from a lender — usually in exchange for paying them interest over time.
Good credit means you have a history of borrowing money and paying it back on time.
Bad credit means that you either didn’t repay what you owe in full, didn’t repay it on time, or both.
Credit scores are a measure of those things, and they are based on your credit reports. Credit reports are created by companies called credit reporting agencies or credit bureaus.
What is Credit Repair?
Credit repair is a way to try to improve your credit score over time by fixing the things that caused it to be low. Sadly, many credit repair companies are scams. (We are not a credit repair company.)
You can do the work to improve your credit yourself, without having to pay someone else to do it. For example, you can ask for errors on your credit report to be fixed, and there are things you can do that will improve your credit score over time.
One Last Note
There are some things credit isn’t. It’s not a measure of your financial situation, wealth, or how good of a person you are. It’s just about whether or not you can easily borrow money, and a way of talking about how you’ve handled borrowing money in the past.