Credit Scores
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.
Does the Type of Debt I Have Impact My Credit Rating?
From a credit standpoint, the type of debt you’re carrying matters tremendously when it comes to your credit score and...
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What are Some of the Biggest Myths About Credit Scores?
Many consumers believe a host of myths and misconceptions about their credit scores. Some of the biggest fallacies surrounding this...
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How is My Credit Score Calculated and What Are Some Tips to Improve It?
There is a lot of misinformation about what goes into your credit score. However, officials from Fair Isaac Corporation (the...
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How Many People in America Have Bad Credit?
Out of the roughly 220 million Americans that have credit files maintained by the “Big Three” credit bureaus (Equifax, Experian,...
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First Step To Improve Your Credit Score
If you want to acquire top-notch credit, the first step in doing so is to: a) Pull each of your...
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How Do Inquiries In My Credit Report Impact My Credit Score?
An inquiry in your credit file (credit inquiries) is a record of any application for credit that you made. For...
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How Public Records Impact Your Credit Score?
Any “Public Records” listing in your Equifax, Experian or TransUnion credit report will seriously lower your credit scores. Although the...
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What Information Is Found In My Credit Reports?
Regardless of whether you pull a credit report from Equifax, Experian or TransUnion, all credit files contain information that can...
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Unpaid Small Bills and Your Credit Score
A Facebook fan considering applying for a mortgage wanted to know how seriously her husband's credit rating would be impacted...
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How Credit Rating Can Affect Your Ability to Get a Job
A Facebook fan had heard that a bad credit rating could keep him from getting a job. He wanted to...
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Your Credit Score Explained
You probably already know that not paying a bill can adversely affect your credit score, but do you know by...
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5 Factors that Determine Your FICO Score
You hear a lot about your credit score being a strong factor behind your eligibility for credit cards, car loans...
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