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If you’ve worked hard to achieve and maintain a good credit score, it can be upsetting to see it drop. But “life happens, and sometimes how you react is going

By BEV O'SHEA of NerdWallet If you’ve worked hard to achieve and maintain a good credit score, it can be upsetting to see it drop. But “life happens, and sometimes how you react is going to blow back and affect your credit score,” says credit expert John Ulzheimer. People lose jobs, cars break down and pipes leak. Credit may be your safety net. Painful as it may be, there are times when taking actions that hurt your score are prudent for your overall finances. WHEN YOU HAVE AN EMERGENCY EXPENSE If you have a big, unexpected expense that exceeds your emergency saving...

Boost Your Credit Score in Months Source: Getty Images At The Motley Fool Canada, you’re so much more than just a number to us. Still, a lot of folks — from your lender to your landlord to your insurer to your employer — define your character by the three-digit score that reflects what’s in your credit file. To them, whether or not to do business with you comes down to where you rank on the following scale: 750 and up: You’re golden and will get the best interest rates on loans. 710-750: Though you’re not quite a VIP, qualifying for competitive offers is no problem.

Illustration by Raul Arias Inaccurate information on your credit reports could hurt your credit score, and errors are not uncommon. Complaints to the Consumer Financial Protection Bureau about the major credit reporting agencies—Equifax, Experian and TransUnion—skyrocketed in 2020, and the majority concerned incorrect information, according to a report from the U.S. Public Interest Research Group. Under the Fair Credit Reporting Act, you have a right to dispute information in your credit reports that you believe is inaccurate. Unfortunately, however, you can’t just send a complaint to t...

This is a departure from the federally required once-a-year free look at your report, which includes a history of your financial accounts and may be used by banks and other lenders when deciding whether to give you a loan or credit card. "This extension makes a whole lot of sense," said John Ulzheimer, credit expert and president of the Ulzheimer Group in Atlanta. "It jibes with needing to be engaged with our credit report." The move by the credit reporting firms is an extension of a free once-a-week option that they initiated in April 2020. The announcement also came a day after consumer-adv...