Financial mishaps are going to occur but knowing what common credit mistakes will not hurt your credit rating can give you peace of mind.
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!
FICO is testing including utility, cell phone, and cable payments to determine creditworthiness. It could help some with thin credit files but if you pay utilities late, it could hurt your FICO score.
Your FICO score is a measure of financial well-being and creditworthiness, learn 3 ways to improve it.
There are obvious actions that hurt your credit score like missed payments but you could unknowingly hurt your credit score with common actions that may otherwise seem unrelated to your scores.
Question: Can a new credit card account drop a credit score by 40 points? I noticed my score dropped on
A Charge-Off on a credit report can spell disaster for your credit score. Consumers may experience a decrease in credit