I want to help my daughter start her credit history. What should I do?
To help your daughter start her credit history, start by ordering a copy of her credit reports from Equifax, Experian, TransUnion – the three largest national credit reporting agencies. You can order the reports free every 12 months at ...
What happens if I do not pay back my Personal Line of Credit?
Your account may be suspended. The lender may also be able to take the money you owe directly from your checking account or any other account you have at that bank or credit union. This is called “setoff.” Setoff is ...
How does a lender decide what interest rate to offer me on an auto loan?
An auto lender considers several factors – including your credit score, your credit history, income, debts, and down payment – when deciding what interest rate to offer you. Auto lenders will generally consider a number of factors when they’re ...
If I co-signed for a student loan and it has gone into default, what happens?
The student is the primary borrower with the responsibility to pay back the loan, but as a co-signer you have equal responsibility for repaying the loan if the student doesn’t. If the primary borrower defaults on the loan, it could ...
A credit report is a statement that has information about your credit activity and current credit situation such as loan paying history and the status of your credit accounts. Most people have more than one credit report. Credit reporting companies, ...
