Navigating the world of credit and finance can be daunting, but with the right strategies, you can significantly improve your financial health. Here are ten essential tips to help you boost your credit score and master your financial strategies: Understand Your Credit Score Know the Basics: Your credit score is a numerical representation of [...] The post 10 Essential Tips for Boosting Your Credit Score and Finances appeared first on Blue Water Credit ..read more

When considering your financial health, your credit score holds tremendous power. Today, we will be diving deep into the realm of a specific credit score: 655. Is it good or bad? And what can you do about it? Let's find out. 655 Credit Score: Is it good or bad? Scores ranging from 580 to 669 [...] The post Credit Power- Evaluating a 655 Credit Score appeared first on Blue Water Credit ..read more

Lots of People don’t have a credit score or any banking history: Around 1.5 billion people worldwide don't have access to bank services. They're called 'unbanked'. Hard to Get Loans: Even for those who use banks, less than half can actually get loans due to no history or low scores. Banks need a better way to [...] The post AI Credit Scoring: Will Credit Scores Be Replaced Soon? appeared first on Blue Water Credit ..read more

Understanding the intricacies of the FICO credit scoring model is crucial for enhancing your credit score. While the exact formula remains confidential, the known categories and their weights provide a roadmap for improving your score. Here are four effective strategies to consider in 2024: 1. Reducing Loan Balances: A significant portion of the FICO® Score, [...] The post 4 Strategies to Elevate Your Credit Score in 2024 appeared first on Blue Water Credit ..read more

As we move through the year, there is a growing debate among experts about the possibility of a recession in 2023. It's a topic that's creating some uncertainty, and we want to assure you that we're here to support you during these financial discussions. Recessions are typically defined as two consecutive quarters of economic decline, [...] The post Recession Concerns & Your Financial Future appeared first on Blue Water Credit ..read more

Dealing with mounting credit card debt can be overwhelming and stressful, but you're not alone in this journey. In fact, Americans now have more than $1 trillion in credit card debt, an all-time high. And with the average interest rate well over 20%, many families are feeling the growing weight and financial pressure that unpaid [...] The post Got credit card debt? Here are all of your options to pay it off. appeared first on Blue Water Credit ..read more

Ready for some important news?  If you're a federal student loan borrower, those monthly loan payments are about to make a comeback after a pretty long hiatus – more than three years, to be exact. So, what's the scoop? The student loan moratorium, which has been giving most of the country's 43 million borrowers a payment [...] The post Student Loan Payments Are Back – What You Need to Know! appeared first on Blue Water Credit ..read more

It’s back to school season, and so as we send our little ones off to yet another year of learning, growing, and become better versions of themselves, we thought it was important to cover an important lesson that starts at home: how and when to teach children about credit scores. In a world driven by [...] The post Teaching the ABCs of credit scores and credit reporting to our children. appeared first on Blue Water Credit ..read more

If you Google “Good credit repair firm,” you’ll find that 41,900,000 results pop up, aside from the annoying ubiquitous ads and paid SEO placement. With just shy of 42 million responses, how the heck is a consumer supposed to know which credit repair firm to trust, who is reliable, and what’s an outright scam?! It [...] The post What should you look for when hiring a credit repair firm? (And how does Blue Water Credit measure up?) appeared first on Blue Water Credit ..read more

Americans are minding their credit scores relatively well these days, as the average FICO score is now 714 – an all-time high. There’s very good reason to ensure your score is as high as possible on the scale from 300 to 850, as your credit score directly affects many aspects of your financial life, and [...] The post How can you get the absolute best possible mortgage rate – today or in any market? appeared first on Blue Water Credit ..read more