Did you know that on a $21,788 auto loan, if you have an excellent credit score (740 – 749), you can pay 311% less in interest compared to an... read more →
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.
If you’re in the market for a loan, chances are that lenders are going to assess something called your “DTI” – also known as your Debt-to-Income ratio. What Exactly is... read more →
Just because summertime is here and you might be taking it easy, that doesn’t mean you should let your guard down when it comes to your finances. In fact, during... read more →
Having your credit score fall unexpectedly can be as bad as losing a significant amount of money. With a lower score, your opportunities for low-interest loans, lower insurance premiums,... read more →
Knowing your credit score is an essential part of your financial wellbeing. You’ve probably heard of your FICO score, but perhaps you’re not as familiar with the VantageScore, which is... read more →
National Get Smart About Credit Day occurs this week, and takes place annually on the third Thursday of October. While it’s not a federal holiday, in some ways it should... read more →
Q: Hi Lynnette, I have been working at repairing my credit for the last 4 years (intensely). I have paid off all debtors and have managed to obtain an unsecured... read more →
Your credit report and credit score remain important as you approach preretirement or retirement. Whether you cosign for a child's or grandchild's loan, tap your home equity to buy a... read more →
Q. You mentioned that closing credit card accounts hurts your FICO score. If you closed accounts years ago, what is the timeline where it no longer affects your score? I only... read more →
To improve your credit rating or increase your credit score, you likely already know that it’s important to do the basics: such as paying your bills on time each month,... read more →
If you’re living in one of America’s 40 million renter households, there’s an easy way for you to quickly and painlessly increase your credit score and even help qualify for... read more →
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... read more →
If you’ve ever been frustrated at receiving two different credit scores,... read more →
If you want a home loan, you may be wondering how... read more →
There are many things you can do that might hurt your credit... read more →
