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How Credit Cards Affect Your Credit Score

If you have one credit card or even four or more credit cards, then you are not an outlier. In fact, according to creditcard.com, "multiple studies say about 7 in 10 Americans have at least one credit card". On the downside, over half of Americans who report to have at least one credit card also report having debt.

Because of this, it is no surprise that if you have a credit card or are considering getting a credit card, you might be concerned with how credit cards affect your credit score.

Credit ScoresGrace DouglasSeptember 13, 2020late payments, impact your credit scoreComment

How to Make the Most of Your 800 Credit Score

If you have an 800 credit score, this means that you are an exceptional borrower and you are beyond the average score for many U.S. borrowers. In addition to some bragging rights, this type of great credit score allows you to qualify for faster approvals, as well as better offers when you are applying for a loan or new credit. There are some things you should know in order to make the most of your score.

Credit ScoresEthan TaubSeptember 4, 2020great credit scoreComment

How Does Marrying Someone With Bad Credit Affect My Credit?

The short answer to the question if marrying someone with bad credit affects your credit is no, it doesn’t. Your score remains yours and your spouse’s will also remain his or her own, even if it’s a poor credit score.

However, there is a longer answer that can be more complicated since your spouse’s credit does affect finances in different ways.

Credit ScoresJackie StraussAugust 28, 2020my credit report, poor credit scoreComment

What is a Good Credit Score for a Mortgage?

There is no right answer when it comes to a good credit score for a mortgage. It’s important to understand how a credit score works and what your score is before you apply for a mortgage. Your credit score not only affects your chances for getting a mortgage but it can also affect the rate you are paying and other costs associated with the loan.

Credit ScoresJackie StraussAugust 23, 2020credit rating scale, hard credit inquiryComment

What Is a Good Credit Limit?

Your credit limit and what is a good credit limit for you are going to be based on what the issuer thinks you can repay responsibly, determined by your current credit score and income. When you are applying for a credit card and getting an initial limit, or asking for an increase, there will be factors including your credit score, monthly income, monthly mortgage or rent, existing credit balances and lines, employment history, and address history.

Credit ScoresJackie StraussAugust 14, 2020Credit card utilization, view credit reportComment

Credit Score Considerations When Leasing a Car: Park Here

Leasing a car can be an ideal way to acquire a vehicle for many consumers. At the same time, consumers need to realize that leasing involves credit requirements. You typically need a decent credit score to lease a car. Therefore, you need to take credit score considerations for leasing into account.

Credit ScoresKatherine DavisAugust 6, 2020find my credit score, credit historyComment

Best Credit Repair Companies: Use with Caution

You have a lot of important numbers in your life. There's your age, your weight, the number of years you were in school and the password to access your online banking accounts. But you also have a three-digit number that impacts many different areas of your life. It's called your credit score.

Credit ScoresCarla TurchettiJuly 26, 2020credit scores explained, poor credit scoreComment

What is the Average Fico Score By State?

A credit score is a 3-digit number that acts as a “snapshot” of your overall credit history and predicted creditworthiness. Lenders reference your credit score as the quickest, easiest way to gauge the overall risk involved in offering you a loan. A high credit score makes it easier to borrow more money on better terms. A low score makes it difficult to borrow at all, and when you do, it means lower limits and higher interest rates.

Credit ScoresBlaine KoehnJuly 18, 2020average credit score, fico credit scoreComment

Auto Credit Score Overview for a Speedy Approval

You might not have known it, but you have two credit scores. One is your FICO credit score, the other is your FICO Auto Industry Option Score, or just Auto Credit Score.

The latter score helps the auto dealerships and auto lenders decide whether you can make a good risk for a car loan. FICO creates it specifically for auto lenders so they can easily determine your loan qualification, interest rate, and the down payment required.

Credit ScoresCarlie LawsonJune 27, 2020score check, raise your credit scoreComment

What is the Average Credit Score by State in the US?

Have you ever wondered just how well your credit stacks up compared to others? Maybe you think you have the worst credit anyone can have, or maybe you think you are doing pretty good. We have compiled a list of the average credit score of 50 states as well as the factors that contribute to those scores.

Credit ScoresBrandy WoodfolkJune 19, 2020understanding credit score, different credit scoresComment

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