Credit 101

FICOUsing credit scores, lenders are able to evaluate risk, assess credit worthiness, and quickly make lending decisions. Typically, credit scores are based on data from a consumer's credit report. These reports can be generated by any of three national credit bureaus, suc ...

Whether you are applying for a new credit card or applying for a loan, it is important to understand how your FICO score is calculated. There are many different factors that can affect your score, including your credit history, payment history, and credit utilization. Paym ...

Whether you're a consumer or you own a business, knowing how to read your credit report is critical. Not only will it help you manage your credit and debt, but it can also help you avoid costly mistakes. Account historyWhether you are looking to get a mortgage, car loan, or ...

Whether you want to start building up a credit history or you want to improve the one you have, there are several steps that you can take to help you achieve an excellent credit score. These steps include paying off your bills on time, maintaining a low balance on your cre ...

Regardless of your credit situation, there are a few things you can do to improve your credit score. First, you should pay off any high interest accounts, avoid late payments, and dispute any inaccurate information on your credit report. Pay bills on timeKeeping a positive ...

Using a credit repair company to get your credit back in good shape can be an effective and helpful way to improve your score, but there are a few things to keep in mind before you start. Check your credit report before hiring a companyUsing credit repair services can help ...

Whether you have been denied credit for good or merely want to improve your credit score, there are several ways to do it. Here are a few of them: Close out accountsWhether you have good credit or bad credit, you may wonder if closing out accounts on your credit report is ...

How to Raise a Credit Score If you're wondering how to raise a credit score, you're not alone. The average score reached a new record high of 711 in July of 2020, up 11 points from last year. Having a higher credit score will make it easier to secure loans, and you can qual ...

How to Build Credit From Scratch Trying to figure out how to build credit from scratch can be an uphill battle. You need to show that you have positive financial acts and that you know how to handle credit. However, there are ways to start building your credit in as little ...

Credit Scores 101 - How Your Score Affects Your Financial Future As you get older, your credit score becomes more important. It can help you qualify for a loan, get credit cards, and even land a job. It's a number that lenders assign to you that reflects how likely you are ...