Does Canceling a Credit Card Negatively Affect Your Credit Score?

Does Canceling a Credit Card Negatively Affect Your Credit Score?

One of the most frequently asked questions we get when it comes to personal finance is: should I cancel my credit card? Should you keep your credit card account open, and use all your willpower to refrain from charging expenses to it? Or is it better to simply cancel an… Read More


Infographic: How is Your Credit Score Calculated?

Infographic: How is Your Credit Score Calculated?

Your credit score represents who you are financially. If you always make your credit card payments on time, this will be reflected in your credit score. But, if you’re financially irresponsible, this will also be reflected in your credit score. Your credit score is used by lenders, creditors, and even… Read More


How Can Credit Counseling Help Me?

How Can Credit Counseling Help Me?

When is it the right time to seek the help of a professional concerning any financial issues you might be having? When you can’t quite seem to take back control of your debt and you need a solution tailored to your unique needs and that won’t damage your credit score. Read More


Will Debt Consolidation Damage My Credit Score?

Will Debt Consolidation Damage My Credit Score?

Does consolidating your debt negatively affect your credit score? It depends on several factors. Debt consolidation can both benefit and increase your credit score. However, it can also damage your score. Which consolidation option you choose is also a factor, as there are multiple ways to consolidate your outstanding… Read More


Credit Penalties: Getting Back on Track

Credit Penalties: Getting Back on Track

A substantial drop in your credit rating is a common result of financial stress. Although minor mistakes, like late payments and some delinquent accounts can cause a slight decrease in your credit score (want more information on your credit score? click here), other issues can cause significant problems. For… Read More


Credit Monitoring, Is It Right For You?

Credit Monitoring, Is It Right For You?

In order to have financial success and achieve long-term goals, it’s always in your must interest to have a good credit score. Having a good credit score typically means you’ll be offered lower interest rates, competitive terms, and agreements, and have an upper hand when applying… Read More


Credit Repair 101

Credit Repair 101

Credit repair is a versatile financial tool. If you’re confident enough in your financial abilities you can go with the do-it-yourself rout or if you’re more comfortable with hiring a professional, there are credit repair services that you can pay for. Whichever option you choose, all the steps… Read More


Understanding Your Credit Report

Understanding Your Credit Report

Your credit report is a very important, detailed document including all the information concerning your financial history. Having a well-managed credit report will typically guarantee that you have a good credit rating and credit score. Not only will lenders see you as a less risky borrower when you have a… Read More


Understanding Your FICO Credit Score

Understanding Your FICO Credit Score

Know How Your Score Works So You Can Improve Your Credit In reality, we all get confused when it comes to our credit scores. Advertisements on T.V and radio announcements tell people that you only have three scores, which are all critical in determining whether you are going… Read More


Note:

All consultations and conversations with Rebound Finance and its partners are confidential and risk-free. Speak with a trusted specialist today and see how we can help you achieve your financial goals faster.