Your credit score is made of five components – credit utilization, payment history, average age of credit, mix of credit, and new credit. Some of these facets of your score are easier to impact and control while some are more of a challenge. Here’s ...
There’s a nice surprise coming July 1 for millions of consumers related to their credit report and credit score. Equifax, TransUnion, and Experian will remove negative information from nearly 12 million credit reports – and yours might be one of them. If so, you ...
Medical debt is unique among other types of debt because of the complications of the insurance intermediary. This is also debt you generally don’t get into voluntarily unlike a mortgage, car loan, or credit card bill. Medical debt is a plague on the uninsured ...
The perfect credit score is 850 which is elusive to obtain. About one-half of a percent of Americans hit that high point. Currently, the average credit score in America is 695 which falls in the range that’s considered “good” according to Nerd Wallet. But ...
Your credit score is important because it affects your finances as well as your career opportunities. Your credit score can even affect your personal life because some people take debt into consideration when forming relationships. It’s important to understand your credit score so you ...
Credit card activity and debt are major contributors to your credit score. If you’re rebuilding your credit score after bankruptcy, it pays to know how your score is calculated and how your decisions about your credit cards can affect your score for the better ...
When you think of your credit score, you most likely think about your FICO (Fair Isaac Corporation) score, but that’s not the only calculation out there. VantageScore is another big player in the credit score game. VantageScore Solutions just announced the release of their ...
Consumers want to shield their credit score from damage, but you may not know some things that will kill your credit score faster than you could imagine. This two-part series examines six top credit score killers. You can read the first three in part ...
If you’re a credit score watcher, you may know that all-important three-digit number at any given time. If you don’t keep track of your credit score, you should. Monitoring services are inexpensive and can keep you on top of your credit score and alert ...
Getting and keeping a good credit score is not a matter of chance. Those with excellent credit work hard at protecting and improving their score. You can’t just hope for the best. A good credit score is the result of intention and healthy financial ...