Last Updated 27th February, 2015 If you’ve gotten yourself deep in debt, or have fallen behind on your monthly bills you may be wondering if credit counseling or debt management can help. Despite the promise of assistance that credit counseling companies firms offer, many consumers nonetheless remain worried about using a credit counseling agency […]
Topic: Credit Scores – Why They Are Important
Credit scores play a huge role in your financial and personal life.
Credit scores impact your ability to get a mortgage or rent an apartment, they determine whether or not you will get approved for a student loan or credit card, and your credit scores even influence the rates you pay on car insurance.
For those looking for a job, credit scores are equally important since many employers are checking job applicants’ credit ratings before determining whom to hire.
The best way to stay on top of your credit health is to check your credit reports at least once a year and review your credit scores as well.
The most common type of credit score is the FICO score.
It ranges from 300 to 850 point. The higher your credit score, the better off you are financially.
Top questions answered in credit scores:
- What is a Vantage score
- Which credit score is more important
- What is a plus score
- Experian plus score vs FICO score
- Does layaway build credit
- Equifax score range