Finance 101: Credit Score Basics

With just one number, your credit score makes a substantial first impression on lenders because it provides a snapshot of how you've handled debt in the past. The Fair Isaac Corporation score, known as a FICO score, which is one of the most widely used and best known credit scores, ranges from 300 to 850, with a good score being at least 740. Factors Affecting Your Score The credit scoring... Continue reading

Creating a Budget That Has the Best Effect on Your Credit

Your emergency fund will thank you. Use a free budgeting app to identify areas where you’re consistently overspending — like, say, all those restaurants you’re frequenting on weekends — then reroute those dollars to your savings account. Continue reading

5 Ways to Keep Your Money In Order After You Get Married

Getting married is one of the most exciting moments in our adult lives. But things can turn sour on the financial front if you haven’t expressed your shared goals. After all, a marriage is a partnership, and like any partnership, it takes good communication to succeed. If you’re not discussing your finances, something is wrong. We asked financial experts to share a few topics to go over with your... Continue reading

Understanding the Basics of Your Credit Reports

Your credit report offers a snapshot of your financial health to anyone who reviews it, and that can be a lot of people, from cell phone providers and potential employers to lenders and credit card issuers. With so much importance placed on these reports, it’s important to understand what’s on them. Continue reading

When Your Credit Scores Matter

Your credit scores may seem abstract — just a bunch of numbers loosely associated with how well you pay your bills. But these numbers have real-world implications when it comes to borrowing money, qualifying for housing and sometimes getting a job. Continue reading

How Rising Interest Rates Will Affect You

The process by which rates go up and down is somewhat complicated. To begin with, the Federal Reserve, the central bank of the United States, targets an interest rate that promotes employment and stable prices for the country. Continue reading
Credit Scores Across the Country [Infographic]

Credit Scores Across the Country [Infographic]

From coast-to-coast, Americans have been steadily improving their credit. The average Experian credit score rose by three points in 2015, to 699 on a scale ranging from 330 to 830. Continue reading

Personal Finance Management 101: Do Credit Checks Hurt My Credit

Types of Credit Checks Not all credit checks are treated the same when it comes to your credit score. Only credit checks in response to you applying for new credit actually hurt your score. For example, if you apply for a credit card and the credit card issuer checks your score, that will ding your credit. However, when a credit card company checks your score on its own, such as to pre-qualify... Continue reading

Tips for Establishing a Line of Credit

A personal line of credit is a revolving account. You can use and reuse it without filling out a new application. The lender establishes a credit limit, but only charges interest on your borrowed amount. A personal line of credit gives you quick access to emergency money and can provide you with overdraft protection for your checking account. Interest rates on credit lines are usually higher than... Continue reading

How to Recover Your Credit After a Bad Mortgage

Damage Assessment After a Bad Mortgage You experience damage through negative items on your credit report and a lowered FICO. You cannot do much about correct items – most mortgage problems linger on the credit report for up to seven years. However, you can begin to reverse a lowered credit score sooner. FICO scores range from 300 to 850, with 680 generally serving as the dividing line between... Continue reading