There are many different ways to hurt your credit score, either intentionally or accidentally. Find out how you can avoid damaging your credit score.
Everything you need to know about where you stand credit-wise.
Who Can Pull Your Credit Report And Who Can’t?
Posted Under: Credit Reports and Scores
Are you aware of everyone who can pull your credit report? Many people do not realize that their credit score factors into more than just getting a credit card or a home loan. Any time you apply for credit, the potential lender can get your credit report to determine how risky it is to lend [...]
Credit Utilization Ratio and How it Affects Your Credit Score
Posted Under: Credit Reports and Scores
Your credit utilization ratio is the total of your credit balances divided by the total of your credit limit. If you have credit cards and a revolving loan that make it possible for you to charge $10,000 worth of purchases and you have spent $5,000 – you have a 50% credit utilization ratio. Your credit [...]
What is Debt to Credit Ratio and How Does it Affect My Credit Score
Posted Under: Credit Reports and Scores
What is Debt to Credit Ratio? In simple terms, debt to credit ratio is the amount you owe on a card to the credit limit on that card. For example, if you have a credit card with a $10,000 dollar limit and what you owe on that card is $5,000, you have a debt ratio [...]
Will Credit Counseling Hurt My Credit Score?
Posted Under: Credit Counseling, Credit Reports and Scores
Credit counseling is just one option for those who are struggling with debt problems and credit issues to find relief and a light at the end of the financial tunnel. However, many consumers will shy away from getting the help credit counseling offers because they fear the process will ruin their credit score. This is [...]
Age and Credit History
Posted Under: Credit Reports and Scores
If age is just a number, does it make a difference in your ability to have good credit or not? Because the length of credit history plays a role in calculating credit scores, it’s common for older adults to have higher credit scores than young adults. People generally have different financial goals and struggles at [...]
A Closer Look At Your FICO Score
Posted Under: Credit Reports and Scores, Your Credit
Having good credit is critical when it comes to your financial future. Credit history and credit scores are looked at every time you ask for credit, including when you apply for a credit card, an auto loan and a home loan. The better your credit history and the higher your credit score, the more likely [...]
Renting May Not Be Your Ideal Housing Solution
Posted Under: Credit Reports and Scores, Your Credit
With the news of the ongoing housing market troubles and the high costs of living, many consumers are content with continuing to rent rather than buy. But new information shows that renting may not be ideal for some people worried about rising costs. There are some considerations to make when deciding whether to keep renting [...]
3 Ways To Build Credit Without Credit Cards
Posted Under: Credit Reports and Scores
I remember when I was 18, one of the main reasons I signed up for a credit card right away was because I wanted to begin building my credit. I would imagine a lot of people – both young and old – get credit cards for that same reason. Yet ironically, instead of helping our [...]
Are We Getting Free Credit Scores Or What?
Posted Under: Credit Reports and Scores, Your Credit
There has been a lot of talk about the possibility of consumers across the board getting free access to their credit scores. Currently, the only way to see your credit score is if you pay for each of the scores offered by Transunion and Equifax. Each company charges about $15 a pop for a credit [...]
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