Although it seems counter-intuitive, the fact is that if you do not use your credit cards, it can (indirectly) harm your FICO score. You might think it’s enough to have a few credit card accounts in your name, that you rarely or never use so ...
Most credit cards offer the option to take a cash advance. Some card issuers send out blank checks you can write that, when cashed, will operate as a cash advance. Others provide a pin number so you can easily take out cash at an ATM ...
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 ...
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 ...
You may regularly see credit card balance transfer offers, but are these a good idea? Can a balance transfer hurt your credit score? Here is a look at how balance transfers work, how they can help or hurt your credit rating, and whether a ...
When you think of ways to wreck your credit score, you might think of major events like foreclosure on your home or repossession of your vehicle. But there are other actions that can kill your credit score. You might not be aware just how ...
Is your credit score above average?
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The latest survey by FICO (Fair Isaac Corporation) shows that, in general, American consumers’ credit scores are on the rise. In case you’re wondering how your credit score compares to others, the average in the ...
Credit score myths debunked
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Many people think they understand their credit score, how it’s calculated, and how to improve it, but thanks to a lot of misinformation that’s been perpetuated, their understanding might not be as accurate as they believe. Here’s ...
Turned down for credit?
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When you’re coming out of bankruptcy, rebuilding your credit score is important, but you also need to understand that the number alone won’t guarantee your approval. Here is a look at why you could be turned down for ...
Raising your credit score just takes a bit of strategy.
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Credit utilization is the amount of your revolving credit lines you’re using. It makes up 30% of your credit score calculation, so it’s a big deal. Your credit lines are the ...