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.
Uncover the truth about credit scores & mortgage ratings as we debunk common myths, improving your financial knowledge & decision-making.
Explore how good credit scores unlock mortgage opportunities and make the path to homeownership smoother for potential buyers.
In an era where credit scores are essential to secure loans, mortgages, or even lease apartments, understanding and managing your scores is crucial. Two of
Learn the basics of credit scores, how they impact your mortgage rating, and tips to improve your financial standing in the lending world.
Need a quick refresher about how your credit score works? Due to inflation, many consumers are being forced to rely on their credit cards to
This post originally appeared on Sisters from AARP Black folks often face a host of credit challenges stemming from lower incomes, discrimination, a lack of
A lack of income makes it hard to cover your expenses, which can cause your credit score to fall. But there are ways to preserve it, even if you are out of work. Here are four tips for maintaining your credit score if you have lost your job.
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
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
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
Having your credit score fall unexpectedly can be as bad as losing a significant amount of money. With a lower score, your opportunities for
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,
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
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
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
