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.
Q: Can putting something on layaway hurt my credit score? A: I don’t see how a layaway plan can help or hurt a consumer’s credit
In my latest book, Perfect Credit, I explained that the credit score industry prefers to work together—without you whenever possible. I’m not saying that they
Have you ever bought something or said yes to a so-called “deal” only to feel suckered later when you read – or were made aware
Debt is a massive problem in America. While some people are able to survive in this economy by taking low-interest loans, we have to accept
A credit score is simply a three-digit number that summarizes your overall credit standing and tells creditors how likely you are to either repay a
Q: “I have good credit and own four credit cards with a combined credit limit of $24, 000. Three cards are at zero balance, and
Two popular questions here at AskTheMoneyCoach.com are: “Why are my credit reports or credit scores different?” and “Why isn’t my credit score contained in my
If you went to college, no doubt you tracked your grades carefully throughout school. But if you’re currently a working professional, or are looking for
During financial literacy workshops that I give around the country, I leave about 30 – 45 minutes at the end for a q&a session with
Q: Should I pay off my credit card in full before the due date to improve my credit score? A: The answer to that question
If you’ve been struggling to keep up with your debt payments or need some professional advice about your credit, you may have considered talking to
Here’s a tale about two 40-year old guys who are best friends. We’ll call them Bill and Skip. From the time they were teenagers both
If you’re facing foreclosure, you may be wondering how this will affect your credit score. Missing payments on your mortgage and other bills may have
If the effects of the recession have left you with a home or condo that is worth less than the amount of your current mortgage
The world of credit reports and credit scores is constantly changing. And even though it’s tough to stay on top of all the new credit-related
