Credit Score
12 articles
If you have bad credit, you won’t qualify for the best rates and terms on a personal loan, but you’re not entirely out of options. Many personal loan providers cater to people with bad credit — and the deal is often better than you’d expect. Learn about the best personal loans for bad credit.
Becoming an authorized user on a friend or family member’s credit card can be a great way to build a credit history or repair an imperfect credit score. Find out the pros and cons of authorized user status and if this solution is right for you?
Your credit score may be just a number, but it can have a big impact on your life. So how do you go about finding out what your credit score is? And is it really worth the trouble? Find out how to check your credit score using paid credit subscription services or free credit monitoring services.
When you apply for a loan or line of credit, the lender almost certainly pulls your credit report and looks at your credit score. The most common type of credit score used in the U.S. is the FICO score. Learn how it’s calculated, why it matters, and what you can do to improve yours.
For U.S. consumers, having “good credit” or a good credit score is everything. Black marks on your credit report can prevent you from acquiring rental housing, certain jobs, or student loans – and cost you thousands of dollars in higher interest for your mortgage, medical loans, vehicle loans, and other lines of credit. Yet for
Discover how credit-builder loans can help you establish or rebuild credit quickly. Learn how they work, their features, and the pros and cons to make an informed decision.
Credit utilization is one of the most important factors contributing to your credit score. Your credit utilization ratio refers to how much available credit you have at a given time. Credit utilization is critical because it signals to lenders whether you can use credit responsibly and pay your debts. In fact, credit experts say that
The worst part about foreclosure is losing your house, but the indirect financial fallout is pretty bad too. A foreclosure can cause your credit score to drop by 100 to 200 points, with much of the damage coming in the first two or three months after you first fall behind on your mortgage. If that’s
Finding out how much your credit score really matters can be a hard blow. Fortunately, diligently paying down a small, short-term loan gradually increases your credit score over time. And following these steps, you can potentially have the funds in your hand in a day or two.
Being creditworthy has a massive impact on your life, from your ability to get credit cards and borrow money to signing up for utilities. But what does it mean to be “creditworthy”?
If you’re a homeowner, you have a powerful tool that can help with debt consolidation: your home’s equity. A home equity line of credit uses your home’s equity to offer you a built-in line of credit you can draw on for various purposes, debt consolidation included.
Suddenly need a major infusion of cash? A line of credit may be a cheaper and more convenient option than loans or credit cards. But it comes with its own downsides. Find out more about credit lines before opening one.
Trending stories
Explore Borrow Money
You’re borrowing it. Do it wisely.