Credit scores can impact what you pay for car insurance
Higher credit scores decrease car insurance rates in most states except California, Hawaii, Massachusetts, Michigan, and Washington.
A credit score is a 3-digit number based on your credit history. Credit scores summarize how well you handle debt. Credit scores also help lenders assess the risk they would be taking by extending you credit. Higher credit scores typically help you qualify for better rates from lenders – which can save you money!
Higher credit scores decrease car insurance rates in most states except California, Hawaii, Massachusetts, Michigan, and Washington.
5 Top Facts About Your Credit Score: Lack of knowledge about your credit score can hurt your finances. It’s not necessarily your fault but once you’re aware it’s important to adjust your habits.
Ever received a denial of credit letter with reason codes you did not understand? Those codes can answer why your credit scores are low.
You may believe paying bills means you have a good credit score. But there are actions that cold tank your scores even with timely payments.
Take a look at strategies that can help remove late payments. Payment history is the largest factor determining credit scores.
Closing credit accounts can cause your credit score to drop. You lose available credit limit which makes your utilization rate increase.
There are five major components that make up a credit score. Learn how to tweak your scores using these components.
Unless you have tons of cash at some point you will need credit. You can change your credit score legally and quickly by knowing how credit scores work.