Thanks to record-high inflation and rising interest rates, it’s becoming tougher to keep debt at reasonable levels and maintain good credit. In fact, total consumer debt reached a record $17 trillion in the first quarter of this year. Even so, the average FICO credit score in the U.S...
A good credit score can open up opportunities like getting a home, better deals on loans, or even scoring that job. If you're new to credit or made some past mistakes, it can feel tricky. But good news! There are credit builder apps that can help you improve your credit naturally. Re...
Also, keep in mind that you may be able to apply with a cosigner with some personal loans and credit cards if you can't get approved on your own. If your cosigner has good credit, not only could it improve your odds of approval but also help you score a lower interest rate. Avoid ...
Why is a good credit score important? A good credit score helps you qualify for loans and lower interest rates when you borrow. This will help you buy a car, get a mortgage, pay for school, qualify for lower rate credit cards and more. Having a good credit score can even help you sa...
Because your credit score may impact where you live and work, the sooner you can start building credit history, the better. You can start building credit history through the responsible use of a student card or a secured card. You can practice good credit management by paying your bill on ...
credit history has become more important than ever. A good credit score can open doors to better financial opportunities, such as getting approved for loans, credit cards, or even renting an apartment. One tool that can help individuals in their credit-building journey is a credit building app...
Dive deeper:9 benefits of having a good credit score Bottom line Credit-building apps can offer alternative methods for building a positive credit history. Since many of these apps don’t have hard credit checks, you can start building credit without needing good credit to be approved. ...
Debt is a Good Thing When Used Well Building credit involves building debt; there’s no two ways around it. If you try to build your credit withstarting credit cards, you can slowly build up to higher-quality financial products, like loans and mortgages. Young freelancers shouldn’t be afra...
1. Check Your Score This first check will help see where your credit stands. You can determine whether your score is good or needs improvement. Even if you have not used credit before, it is a good idea to check for any errors that might have been reported on you. You may also have...
After you’ve used a secured card for a while and your credit history is no longer as thin, you may be eligible to apply for a conventional unsecured credit card. By that time, you will likely have established a credit score as well. According to Experian, “Accounts usually need to hav...