You may be wondering if registering on our peer to peer lending platform will lower your credit score. While we do check your credit score when you register on our site, our check has absolutely no effect on your credit score or credit history.   So What Kind of Checks Can Lower Your Credit Score? It’s actually not the credit check or inquiry itself that can lower your score – it’s the reason for the inquiry. Therefore it’s...

Right now the economy sucks. Period.  But it won’t suck forever. More people than ever today are having a trouble with their credit scores because of debt and repayment problems. This can be frustrating and even frightening, in some situations. Don’t be tempted by the quick fixes that are advertised, though – these are highly likely to backfire on you and can make your situation even worse. It takes time to repair bad credit, but it can...

Image by Bart Claeys via Flickr While credit report errors are relatively rare, for the Peerform borrower trying to improve or repair their credit score, the first thing to do is make sure there’s no serious errors in the report, and you have a legal right to dispute & correct errors.  The federal “Fair Credit Reporting Act” stipulates that: You have the right to ask for a credit score.  However, you’ll probably need to pay for it...

Image via CrunchBase After the great recession of 2008-09, many people are wondering how to repair their own credit score. More people than ever today are having a trouble with their credit scores because of debt and repayment problems. This can be frustrating and even frightening, in some situations. Don’t be tempted by the quick fixes that are advertised, though – these are highly likely to backfire on you and can make your situation...

Why Should You Improve Your Credit Score? Most banks and financial institutions use “The Fair Isaac Corporation” (better known by its simple acronym, FICO) to determine the creditworthiness of their potential borrowers. The FICO credit scoring system plays a huge role in determining whether or not you get a credit card or any kind of bank loan. So how does FICO come up with your credit score? This is actually a trade secret known only to...

College students usually have more on their minds than their credit scores. While you’re still in college or if you’ve just graduated, loans, like mortgages or car loans, may not be an immediate need: it may be years before you need to buy a home or a car. Too often, most college students or recent graduates don’t realize is that it is never too early to start thinking about building a great credit record. If you’re a recent graduate,...