Financial Cents: Posts About Credit

Are You Opening a Bank Account with Bad Credit? Here’s What You Need to Know

While a bad credit score won't prevent you from opening a checking account, similar poor money habits with previous bank accounts could pose a problem.

Posted on: October 09, 2018


Can Paying Off Your Student Loans Hurt Your Credit Score?

Sometimes, your credit score will react to certain financial behavior in unexpected ways. What happens when you pay off your students loans is a great example.

Posted on: October 08, 2018


Can You Take out a Home Equity Loan if You Have Bad Credit?

Even if you have a bad credit score, you stand a much better chance of getting approved for a home equity loan—but you'll put your home at risk.

Posted on: October 04, 2018


What It Really Means to Cosign a Loan

If you wouldn't be comfortable taking out a given loan for yourself, then you'll want to think twice about cosigning that loan for someone else.

Posted on: September 28, 2018


What’s the Quickest Way to Fix Bad Credit?

In order to find the best—or the fastest—way to fix your credit score, you'll have to reckon with why your score is bad in the first place.

Posted on: September 27, 2018


What Happens When You Can’t Pay Back Your Personal Loan

If you default on your personal loan, you're going to enter a world of debt collectors and garnished wages. Instead, try talking to your lender first.

Posted on: September 27, 2018


The 5 Ways a Personal Loan Can Affect Your Credit Score

Certain parts of borrowing a personal loan can raise your score, other parts will lower. But if you borrow responsibly, your score will turn out just fine.

Posted on: September 20, 2018


Found Yourself On The ChexSystems Blacklist? Here’s What You Can Do

A poor score from ChexSystems will affect your ability to open up a checking account. Here are some steps you can take to fix your score, plus a helpful alternative to traditional checking.

Posted on: September 13, 2018


Does Your Credit Score Show up on a Background Check?

Background checks can return all sorts of information about your past (and present) that you'd rather keep secret. But will it return your credit score?

Posted on: September 12, 2018


How to Shop for Electronics With Bad Credit

Your best bet is to skip making this purchase altogether, but some savvy deal searching or shopping refurbished could also work.

Posted on: September 10, 2018