building credit

When Working to Improve Your Credit Score, Utilization Is Critical

Percentage
What percent of your credit are you using?
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Once you ditch your debt using bankruptcy, the next step is rebuilding your credit. Getting credit cards and using them wisely is key to re-establishing your credit as fast as possible. The downside to being so deep in debt that you turn to bankruptcy ...

The Benefits of Aging – Most Older Americans Have Higher Credit Scores

Older couple
Older Americans usually have higher credit scores
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When you think about getting older, you might focus on the negatives. You may not be able to jog as far as you once could, and you’ll notice a few smile lines and some gray hairs. However, lots of things also get better with ...

Credit Scores Are Better Than Ever – Why It’s the Perfect Time to Improve Your FICO Calculation

Credit card in hand
Now is the time to work on your credit
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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 ...

When Paying Debt Can Hurt Your Credit Score – And Why

Some cash
When paying debt can hurt your credit score
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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 ...

Getting a Car After Bankruptcy – Lease or Buy – And What Credit Score Do You Need?

cars
You can buy a car after bankruptcy
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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 ...

Good News! U.S. Credit Scores Have Never Been Higher – But Debt Is Climbing Too

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Credit score rising, but so is debt
Image Source: Flickr User Investment Zen

 

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 ...

Did You Know Bankruptcy Discharge Can Increase Your Credit Score?

credit score meter
Bankruptcy can help improve your credit score
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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 ...

6 Things To Know About Your Credit Score

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Do you know this about your credit score?
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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 ...

What Credit Card Activities Can Benefit or Harm Your Score?

Credit Cards Picture
Use credit cards wisely to benefit your score
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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 ...