Most consumers need a reliable vehicle to get around. However, most consumers also don't have the money to buy a vehicle upfront. They need to take out an auto loan. This means they need to have an adequate credit score to buy a car. If you need to purchase a vehicle, you might be wondering what credit score is necessary.
Read MoreThe three major credit bureaus work in very similar ways, but they’re not friends – they’re competitors. They may seem largely interchangeable to the average consumer, but each may have different information about you. Even if they use similar methods of calculating your credit score, they may come up with slightly different results.
Read MoreYour credit score and report are the two most essential items in your life. They determine whether you can gain access to the products and services that you need to navigate through this world. A good credit score is attainable if you know the credit score best practices. We want to bless you with some tips that you can use to boost your credit score to the next level and keep it there.
Read MoreWhen you consider credit scores going along with certain age groups, you can see how you're doing. You can see if your credit score is good for your age group. You shouldn't get discouraged if you find that others in your age group have generally higher scores.
However, knowing this might help to motivate you. Perhaps your score is low for your age group. In this case, you might want to improve your finances. You might find that your score is high for your age. This helps encourage you to continue the good work.
Read MoreIn order to improve your credit score, you need to first figure out what it is. You can check your score online. When you get a score, you will also have access to information about which factors are affecting your score the most. These factors can help you know which changes to make to increase your credit score
Read MoreBad credit is something that many Americans are dealing with at this time. Bad credit has a lot of credit score factors. Some of them are difficult to recover from, and some of them can be remedied with a few quick tips. We'd like to share with you some common credit score mistakes people make that cause their scores to plunge into the "bad credit" range.
Read MoreHaving a poor credit score creates a vicious cycle. When your credit score is poor, you may be looked on as a risky employee. You'll struggle to find a good job. You'll also struggle to bring in the income you need to improve your score. You need to be proactive at optimizing your score to avoid these problems.
Read MoreCredit score scales may seem like they're complicated to understand at first, but once you have a strong grasp of the fundamentals, you can improve your financial standing and take your credit score to new heights. The five most important factors that make up a credit score have a specific amount that they influence the full score, represented in percentages. To understand how this works, it's best to start at the beginning of automated credit scoring.
Read MoreLife is rolling along going great. You think everything rocks. You set up auto-payments for all of your bills and you feel great that everything just gets paid on time or early. Then something happens you did not expect.
Perhaps the website of one of your creditors has a glitch or your debit card you used to set up the auto-pay expires. Something happens and dang, that payment to your credit card gets there late.
What effect does one late payment really have?
Read MoreCredit scores can be confusing, even for those who are financially savvy. Many people know that a good credit score will boost your chances of getting a mortgage since it shows the lender that you are more likely to repay the loan on time. However, there is also a minimum credit score to buy a house. The minimum credit score to buy a house will depend on what type of mortgage you are interested in.
Read More
