Credit Score
How to Help Your Teen Build Credit in 7 Easy Steps
Credit is an essential component of adult life. Once your teen grows up and is ready to rent an apartment, buy a car, or take out a mortgage, they’ll need a pretty good credit history. With a better credit history, they will be able to land better interest rates and more favorable terms, which may…
Read MoreYour Credit Score Keeping the Number Up
Your credit score is one of the most important measures of your financial health. It tells lenders at a glance how responsibly you use credit. The better your score, the easier you will find it to be approved for new loans or lines of credit. A higher credit score could lead to the lowest available…
Read MoreCredit Scores, Interest Rates, and You
Credit Scores are one of the main factors in making financial decisions. Credit scores determine the type of loan you may get and the rates you pay. To help you navigate the convoluted web of credit score information, we’ve put together a basic set of guidelines that may help you determine where you stand in…
Read MoreHow to Fix a Mistake on Your Credit Report
Credit report mistakes are more common than you think. According to a Consumer Reports investigation, 34% of Americans found at least one error on their credit report. If you find a discrepancy in your report, it is important to understand that it is very common and could be solved. Fixing errors on your credit report…
Read MoreYour Credit Score: How Much Has It Changed?
CFPB study reveals impact of one change to credit reporting It may be just a simple three-digit number, but your credit score plays a significant role in determining the interest rate you pay for credit cards, loans, and mortgages. Credit scoring agencies, such as FICO, use information from credit reports to rank consumers by a…
Read MoreWarning: These Things May Lower Your Credit Score
Before you apply for a loan, you should obtain a copy of your credit report. Your credit report shows how each of the three major credit bureaus rate your credit. Since each bureau has its own method of analyzing your financial history, it’s important to look at all three scores. Ultimately, these ratings may play…
Read MoreHow Safe is Your High Credit Score?
Check Your Credit Score Regularly One of the first signs that you’re maturing is when you become concerned about your credit. Good grades are the mark of success in school, and high credit scores are evidence that you’re maintaining financial responsibility. Once you have a high credit rating, however, how safe is your score? Credit…
Read MoreWhen Should You Check Your Credit Report?
Almost everyone by now knows they’re eligible for a free credit report once every 12 months from the 3 major credit bureaus: Equifax, TransUnion, and Experian. What many people don’t realize, however, is when exactly they should check those reports. The quick answer is to check your report with enough time to fix any issues…
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