Credit scores are, on average, higher than they have ever been. If you’re coming out of bankruptcy or other tough financial circumstance, now is a good time to work on improving your credit score. Here’s a look at why credit scores are on the ...
There are lots of reasons to improve your credit score. If you want to buy a new car or get a home loan or refinance your existing mortgage, you’ll get a preferable interest rate with a higher credit score. If you’re hoping ...
After bankruptcy, one of the first things to do to take full advantage of the fresh start you have is to begin rebuilding your credit as soon as possible. Within just a few months of your bankruptcy discharge, it’s time to start working on ...
On Saturday, July 1, many Americans will get a pre-Independence Day reason to celebrate when their credit score goes up without them changing a thing they’re doing. Both FICO and VantageScore have estimated that up to 20 million consumers will get a boost this ...
There’s a lot of misinformation out there about credit scores. Even people that consider themselves savvy about their credit score might believe some myths that have gained traction online. Understanding how your credit score is calculated and what impacts your credit report is critical ...
You know the old saying, use it or lose it? To some extent, that’s true with credit utilization and credit cards, but you can also lose it if you use it too much. Card issuers won’t like it if they approve you for ...
One of the primary concerns for many bankruptcy filers is what happens after their discharge. They want to know what options they will have, whether they can get credit again, how soon they can get credit, and whether they can buy a house or ...
The Wall Street Journal (WSJ) recently shared the good news that this spring, U.S. credit scores reached their highest levels since FICO started tracking scores (which began back in 2005). The average American’s credit score is now 700. That’s impressive on the scale of ...
Most consumers considering filing bankruptcy wrongly believe that doing so will wreck their credit score for a decade. Nothing could be further from the truth so long as you take advantage of the fresh start offered by bankruptcy and work to improve your credit ...
Financial site Nerd Wallet recently published the results of its latest survey it conducted last month and the findings are stunning when it comes to what many consumers don’t know about their credit score. Just 26% of Americans check their score monthly or more ...