The real impact of credit inquiries on credit scores
For most consumers one inquiry can take 5 points or less off a credit score but that number can increase if you have few accounts or a short credit history.
Credit Scores
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!
5 Steps To Get Credit Files Ready For New FICO® 10 Scoring
New FICO® 10 Scoring Formula may cause a 20 point decrease in over 40 million consumer credit scores. Here is what you can do to prevent a drop in your credit scores.
How to recover your credit score from late payments
Because late payments wreak havoc on your credit scores and payment history is the largest factor in credit scores, it’s vital to take action immediately. Take a look at these strategies that can help remove late payments.
600 Credit Score: 5 simple ways to raise credit score 100 points
A 600 Credit Score means you’ll have a difficult time renting an apartment, getting a mortgage, personal or car loan, opening credit cards and even getting a cell phone contract. These 5 simple ways to raise credit score 100 points can get you to a 700 or higher credit score.
Top 5 Facts You Should Know About Your Credit Score
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.
What hurts your credit score: 7 Top Score Killers
It is not a big mystery that some financial activity will drop your credit score more than other activity but you may be surprised at what hurts your credit score.
Netflix Payments Can Boost Your Experian FICO® Score Instantly
Cell phone payments, utility bills, cable bills, and now Netflix payments can be added to your Experian credit report and boost to credit scores.
Building a healthy savings account is the foundation to good credit
Most damaged credit could have been saved by having a healthy savings account. Start building a savings account today with a high interest savings account that earns 20x the national average.
How Late Payments Impact Credit Scores
The negative effects of late payments on credit scores is two-fold. Late payments can take up to 100 points from a credit score plus once a late payment is on your credit reports, it can be there for 7 years.
The best ways to deal with terrible credit
Not knowing what’s making your credit score poor will keep you from fixing it. The good news is bad credit can be fixed with some tweaking and effort.