5 Things to Do Before You Go House Hunting

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Looking for your first home to buy is an exciting time in anybody’s life.  It’s also a very daunting process, after all this is likely to be the biggest purchasing decision you’ll make in your entire life (no pressure). Avoid the most common mistakes made by first-home buyers with these five steps.     1. Get a copy of your credit report from all three credit bureaus and check for errors You can get a free copy of your report from TransUnion, Equifax and Experian once per year for free from the government endorsed site annualcreditreport.com. Before you start looking for houses it's vital you check all three of these reports for any errors. An error on your credit report could affect your chances for being approved for a loan or the rate of interest a … [Read more...]

The Who, Why and How Behind Your Credit Health

As a writer in the personal finance sector, I spend a lot of time reading blogs about how to improve or establish credit. The information out there is great. I’ve come across tons of articles that offer a variety of ways to improve your credit score. Reading between the lines, it’s become pretty clear to see that there is one thing that is most important above all when working on your credit. It’s not a credit card, it’s not a budget, and it’s not a plan. No, it’s a general understanding of how your credit works, and why you have a score in the first place.   Let’s Start With The Why   Credit scores didn’t just happen. There was a genuine need for a way to gauge the creditworthiness of consumers, businesses, and even entire countries. The reality is, before credit … [Read more...]

Do Consumers Actually Care About Their Credit Scores?

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If anyone asked us whether consumers care about their credit scores, we at First Bankcard would say, “OF COURSE, they should care!” How else can they qualify for our company’s incredible financial products without understanding their FICO® Score and what they can do to improve it?   As I thought about this, however, it occurred to me that we might be a touch biased on that topic. So back in early 2013, when First Bankcard, a division of First National Bank of Omaha, began to work with FICO to proactively provide our credit cardholders with their FICO® Scores through the FICO® Score Open Access program, we decided to actually ask our customers what they think.   We emailed a random sample of our credit cardholders a brief survey asking a few simple questions regarding … [Read more...]

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