Does using a HELOC affect your credit score?FICO confirms that HELOCs don't affect your creditNot so fastSo when yes and when not?How do the older models work?Who cares about the older models?What should you do if your HELOC affects your score? A Home Equity Line Of Credit (HELOC) ...
Personal loans can be both good for or detrimental to your credit score, depending on how they are handled. By adding to your credit mix, improving your credit utilization ratio and your payment history, you may see a boost to your score. Applying for a personal loan can temporarily hurt...
When you still owe the IRS for past taxes, it’s likely that the agency will be more willing to work with you—such as allowing you to pay your tax in monthly installments. To find out more about how owing the IRS will affect your credit watch this video
Could my insurance rates increase if I have a history of parking tickets? Should I ignore a parking ticket assuming it won’t affect my insurance rates? Do parking tickets affect anything? Do parking tickets affect your credit score? Do unpaid parking tickets affect your insurance? Does a regi...
Switching to a balance transfer credit card could save you money in the long run and boost your credit score.
Does Getting Married Affect Your Credit Score? Generally speaking, marriage alone doesn’t affect a credit score. Marriage is a legal arrangement in which couples choose to show their commitment, and it comes with the expectation that they will share things. ...
A car insurance policy is a contract between you and the provider. Typically, you can cancel a policy and have no further obligation to the provider unless you are behind in premium payments. The act of cancelling a policy has no bearing on your credit,
The guide below looks at how car finance can affect your credit score throughout the car buying process and how to minimize the impact.
Depending on where you live in Canada, some auto insurers will check your credit score and it can potentially influence the premium you pay.
Having a good credit score is important when you want to borrow money to buy a car or a home and when you aren’t even borrowing. For example, an insurance company might look at your credit score in setting your rates; a landlord might look at it in deciding whether to rent you an ...