Dynamite Credit Repair

If you’re up to your eyeballs in debt and feel like you’ll never be able to pay it back the logical solution would be to close your credit cards right? Not only will this not make your credit problems go away, it may actually make them worse. Below I’ve detailed the five credit cards you [...]

Want to know how to establish good credit fast? Are you worried about being turned down for a loan at the bank? Use the following 4 tips to get good credit with your lenders… As a consumer it’s important that you have a good credit rating with lenders. Poor credit can keep you from owning [...]

Question:  I’ve heard about secured credit cards, but I’m not exactly sure how they work. Can you tell me if a secured credit card is right for me and if so how it will help me? Answer: Your credit report and score might not be at the front of your mind 24/7 but it’s one [...]

Defaulting on debt affects your credit score as it gets listed on your credit report. Moreover, your payment history accounts for 35% of your credit score. In order to know the effect of debts on your credit score, you need to understand the other factors on which depends your credit score. It is really important [...]

Question: I’ve been getting a lot of credit card applications in the mail recently. Should I apply for a few credit cards and will it hurt or help my credit? Answer: Before you apply for a new credit card you first need to understand how this will affect your credit. Opening a new card will [...]

When it comes to understanding your credit score, this is probably the shortest section of the subject, but don’t think because it’s short that it’s not important. The amount of time that you’ve had an active credit account plays a critical part in establishing your overall FICO score because lenders want to see that you [...]

The previous post focused on your payment history and how it affects your credit score; this post outlines how paying credit card balances affects your credit score and the methods you can use… The amount of debt that you owe vs. the total amount of credit extended to you makes up 30% of your credit [...]

You’re probably familiar with the phrase “If you think no one cares, try missing a few payments.” It’s funny and it’s true. Your creditors care big time if you miss or are even a few days late on your credit card payments. Your payment history on your credit accounts makes up 35% of your overall [...]

Did you recently get a copy of your credit score? Do you want to know what the 5 components of your credit score are and how you can improve it? As you know, your credit score is a 3 digit number which is determined mathematically by each of the 3 major credit bureaus. Think of [...]

To have the best chance of improving your credit score you will need to have a good understanding of how it is calculated as that will help you to decide on the actions you need to take. Your credit score is a numerical calculation based on a number of factors that helps lenders decide whether [...]