We often hear about someone closed that had problem with their banks because they have a bad credit history. They didn’t want to lend him anymore money or were asking for extra security because his beacon score was not high enough. Your Beacon score is something very fragile and little mistakes can make it drop [...]
The other day, I met a French student that just started his PHD in engineering (I didn’t mind asking what was his specific field of study as he would lost me at “hello” anyway ). He had an important amount of money he received from his parents and wanted to purchase a property. The problem [...]
Do you know what NSF means? NSF is a banking industry abbreviation for “insufficient funds.” If you write checks without having the money in your checking account to balance the checks you write, your checks will be NSF. NSF checks may not be bounced checks. The bank may pay them then hit you with some [...]
An R1 credit rating means you’ve paid you debts on time. Your credit rating affects your ability to get credit. Credit can take many forms that you may not have considered. For example, your ability to rent an apartment or even get certain types of job may depend on your credit rating to some degree. [...]
Some of you may think that your credit score will only play a major role for loan application in order to determine if you qualify for this loan or you should be declined by the banks. In fact, your credit score has a major impact on several aspects of you financial life. Getting better lending [...]