Ever ask yourself: Do student loans affect credit score? It's an important question to ask. If you've got student loans, you'll want to know what impact they have on your FICO score and how they'll affect your life moving forward. I'm doing this, of course, because student loans is a hot topic. According to the Wall Street Journal [...]
Buying a house is an intimidating process. It’s one of the biggest financial decisions you’ll ever make. Approaching it can seem like a daunting task, even if you’re financially secure and have a good credit score. On the other hand, trying to buy a house with poor credit can seem impossible, it's like the ultimate barrier [...]
Every year nearly 18,000,000 Americans experience identity theft. Identity theft is when someone uses your personal information without your permission. Usually they do this for their own financial or personal benefit. They may be interested in the following information: Your name Social Security number Address Credit Card number Bank Account information Insurance information As you can [...]
So you’ve checked your credit score and noticed that it has dropped. Should you be worried? After all, your credit score can affect so many different parts of your life. The answer depends on the reason your score dropped. Let’s look at some of the most common reasons a score declines, because there's no way your [...]
Your credit score is the key to your financial health, both in the short term and the long term. It affects everything from your ability to get hired for a job to taking out a mortgage. Your credit score is measured on the scale from 300 to 850. Typically, a good credit score is one that [...]
We’ve all heard talk about “good credit” or “bad credit” but just what does this mean? Why is it so important to have good credit? And if you do have bad credit, how do you go about turning that situation round? The notion of having poor credit can seem like a personal demon you can't escape. [...]
In 2016, the Federal Reserve began to experiment with rising interest rates. Before this, they were held at a steady position for almost four years. As the economy continued to grow, interest rates raised further. Are you looking to buy a house this year? Anyone planning to borrow money in 2017, particularly when it comes to [...]
You hear a lot about the importance of your credit score...why it’s important to have a good one, and why you should fear having a bad one. But what does it really entail? What’s the point of having a good credit score? Is there harm in having a bad one? Let's go through some of the [...]
What is a credit score, anyway? In the simplest terms, a credit score is a number that rates your creditworthiness. In essence, it’s how trustworthy lenders perceive you to be with money. It’s calculated by the data contained in your credit history. The factors taken into account when calculating your credit score are: Payment History Amounts [...]
Paying your bills consistently and on time is the single most important factor to a healthy credit score. Automatic payments, when used correctly, help ensure you are taking this important step to improving your credit. The days of writing a check to pay a bill are quickly fading. If current trends continue, the United States [...]
