There are multiple factors that affect your credit score. Knowing what they are can help you improve your score and use it to your financial advantage.
Just like your credit card, a line of credit may affect your score. Discover what a line of credit is and how it influences your credit score.
But what is a good credit score, and how does it affect you? A FICO score of 670 or higher is considered a good credit score (and VantageScore starts its “good” rating at 661), but there’s a lot more to unpack about that. Let’s dive into credit scores, why your credit matter...
When you open any financial product with another person your credit files become linked. So if the person you run the account with has a bad credit score then it could bring your rating down too. And it goes both ways, so you could hurt someone else’s ability to get credit. Editor’s...
Switching to a balance transfer credit card could save you money in the long run and boost your credit score.
A business credit score is like your personal credit score, only it applies to the financial health of your businesses. Business credit scores help separate your personal and business finances, lower insurance rates and make business financing more accessible. ...
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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. ...
You might be concerned about how long information stays on your report and how it will affect your credit score. You might wonder if lenders will see this information when they review your loan application, or if negative information on your credit report will impact your ability to find a re...
Understanding Credit Scores A credit score is a three-digit number that is used by lenders to assess an individual’s creditworthiness. It is a snapshot of a person’s credit history and is calculated based on various factors such as payment history,credit utilization, length of credit history...