Posts by Credit Lynx

How Does the Consumer Credit Protection Act Work?

consumer credit protection act

Enacted on May 29, 1968, the Consumer Credit Protection Act (CCPA) was created to protect American consumers when accessing credit. This federal legislation requires lenders, such as credit card companies, banks, and auto-leasing firms, to adhere to specific disclosure requirements. Ideally, they have to inform consumers about annual percentage rates, and not just the stand-alone…

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Your Guide to Building and Improving Your Credit Score

credit fix

Having good credit makes life a little bit easier on a few different levels, including saving money! You’re more eligible for better interest loans and financing options, for one. For two, within that eligibility lies a world of opportunity when it comes to buying a car or financing a home loan. But, what if you…

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Is Your Credit Repair Company Licensed and Bonded?

credit repair company

Living with bad credit is a nightmare for anyone with big dreams of one day owning a home, a nice car, or maybe even a business or two. But you can’t get to this point unless you improve your credit report. One way Americans are doing this is by hiring a credit repair company. You’ve…

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Creative Credit Card Tricks to Help You Beat the Bank

credit card tricks

Credit cards can be your best friend–or your worst enemy. They seem like your best friend when you’re on that shopping spree. You can walk away with virtually anything you want. All you have to do is hand over that little piece of plastic. But then the bill comes and interest and late fees start…

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Top 5 Credit Card Terms to Learn Today

credit card terms

Only around a third of millennials say they have a credit card, which is troubling. This fact means that they aren’t compiling a credit score, and will likely run into trouble securing loans in the future. One of the best ways to establish credit is to open a credit card. Unfortunately, there are a lot…

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Hard Inquiry vs Soft Inquiry: What You Need to Know

hard inquiry vs soft inquiry

Last week you were checking out at your favorite store, and the cashier offered you a discount if you applied for their credit card. You said why not, and applied for it. Did you know that they do a credit report inquiry every time you apply for a loan or credit card? These inquiries affect…

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Your Credit Score Guide: What Is a Good Credit Score?

checking credit scores

What is a good credit score? Where does my score currently stand? How is it affecting my life? If you’re asking yourself these questions, you’re not alone. In fact, a recent study showed that sixty percent of American adults had not reviewed their credit score at any point in the previous year. But it’s never…

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Building a Solid Credit Foundation – Budget Mastery

Budget, Follow a budget, Budget Mastery, create a budget, credit foundation

Budget Towards Good Credit Budgeting is the fundamental role for getting and keeping good credit. By doing so, you are building a solid credit foundation to build your future on.  No one really offers this in a credit repair program, and if it is an option, it would be in your best interest to set yourself up for…

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Why You Should Not Shop on Impulse

rebuilding credit

Avoiding the Impulse Are you aware of the importance of following a budget? If you need a little guidance to get you on the right track, here are some basic tips and suggestions. Keep in mind, that using a budget is a fundamental role in getting and keeping excellent credit.  Below, you will find how…

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