How Will a Line of Credit Affect a Credit Rating?

Answer Many want to improve their credit scores, but with the various criteria credit reporting companies use to determine scores, it's difficult to know what you should be focusing on. Opening a line of ... Read More »

Top Q&A For: How Will a Line of Credit Affect a Credit Rating

Does ordering my credit score affect my credit rating?

Ordering your own credit score is considered a soft inquiry and will not harm your credit score. Soft inquires are generated when an individual checks their own credits or a business/lender they ha... Read More »

Upon cancellation delinquent travel charge cards may be reported to credit bureaus or similar entities and can affect your credit rating?

My condo community has decided to put new siding on your homes and if I don't pay 5500 they will put a lien on my home. Will that affect my credit rating?

Yes, a lien on your title, which clouds it, becomes public record and can affect your credit rating.

Can Reduction in a Home Equity Line of Credit Affect My Credit Score?

A home equity line of credit is a type of secured revolving credit that uses your home's equity -- the value of the home minus mortgage owed -- as collateral. In certain cases, your lender may deci... Read More »