Individuals with absurd credit histories often suffer unfairly from high mortgage, insurance, and car loan rates. On top of that, they have difficulty getting approved for credit cards. The whole situation can get extremely frustrating. Frequently, I get emails from consumers wondering what they can do to rebuild their credit. The first thing I tell them is to get a credit card designed for people with bad credit. The second thing I tell them is written in bold: READ THE...

Many people have experienced bad credit, but some still may not know what it is. For a long time, there was no established method for determining the credit activities of consumers. However, this all changed when a company called the Fair Isaac Corporation designed a credit scoring system that is called the FICO score.

Not many people spend too much time thinking about it, but every one of us, has a computer file somewhere that contains all the information that makes up our credit history.

If you feel bad simply because you can’t meet your bills expectations at the moment they arrive, then you are not alone. Even the best of us are struggling to meet some expectation that the system has placed on us. We calculate weekly the amount we spend on groceries, which are constantly increasing, as well as other bills that are constantly on the rise. It seems at times it is a no win situation, but the fact is there is always a solution to most problems. The pro...

Many people have experienced bad credit, but some still may not know what it is. For a long time, there was no established method for determining the credit activities of consumers. However, this all changed when a company called the Fair Isaac Corporation designed a credit scoring system that is called the FICO score.