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 →
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.
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 →
