Rental Payments Will Count Toward Credit History – by Sheiresa Ngo – If you don’t own a home, have little credit card history, or don’t own a car, you still have a chance at building your credit file. Credit reporting agency Experian has begun including apartment rental history to their database. Before, apartment rental history only appeared on your report after a property management company sent it to a collections agency and the agency then reported it to the credit bureaus. Now, positive history will also be reported. This is beneficial to consumers who have thin credit files (those with little or no credit history), making it easier for them to qualify for loans. Now, paying your rent on time will improve your credit score. But this only applies to Vantage scores offered by Experian. Equifax and TransUnion are not offering rental payment history.
Check out the rest of the Black Enterprise article here.
Read More »
by Lynnette Khalfani-Cox
When Apple co-founder Steve Jobs passed away this month, he left behind a huge legacy – and a huge financial fortune too. Since Jobs was one of the richest men in America, his family undoubtedly had no problem paying for his funeral and putting Jobs to rest.
Unfortunately, that’s not the case with many other Americans. It’s a sad reality that many families and individuals have to deal with, but the truth is that when many people pass away, their family members or close friends struggle to afford the funeral.
Knowing what to do when you can’t afford to bury a relative can help to relieve some of the stress and heartache of this difficult time.
Read the rest at BlackEnterprise.com.Read More »
Taking care of financial matters may be the last thing on your mind when you’re dealing with a parent or loved one who is dying.Read More »