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Is No Credit Better Than Bad Credit?

Credit Corp

No credit means that lenders can’t easily review your credit history, while bad credit means you’ve earned derogatory marks on your credit profile. We’ll explore the nuances of both situations and share ways you can bolster your credit. There are certain loans that you can apply for with bad credit.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels. The proposed rule would require lenders to assess a borrower’s ability to repay a PACE loan and would provide a framework for how these loans will be treated under the Truth in Lending Act.

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Experian Credit Score vs. FICO Score

Credit Corp

One of the primary goals of VantageScore is to provide a model that is used the same way by all three credit bureaus. That would limit some of the disparity between your three major credit scores. So, what are the differences between an Experian credit score calculated using VantageScore and one calculated via the FICO model?

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10 Credit Hacks to Improve Your FICO Score

Better Credit Blog

Pay Down Your Installment Loans. Another thing I’ve experimented with is how installment loan balances affect my credit score. By installment loans, I mean loans such as student loans , auto loans, etc. Optimizing your credit utilization will have a big impact on your credit score.

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What is Debt Consolidation and How Does it Work?

Better Credit Blog

You can combine credit card debt, car finance, personal loans, student loans, medical bills, payday loans, and other types of unsecured debt. Applying for new credit and opening new agreements can temporarily make a dent in your credit rating. But is debt consolidation a good idea for you?