credit score
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Don’t Fall for the Myth: Carrying a Credit Card Balance Does Not Help Your Credit Score
It is a common myth that carrying a credit card balance will help boost your credit score. This is actually not true at all and is just one of the many misconceptions.
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Average FICO Credit Score Reaches New Highs During Pandemic
The pandemic has wreaked havoc in businesses, financial markets, travel and social life, schools and more in recent months. But when it comes to credit cards, there’s some good news. Debt has been decreasing and now the average U.S. FICO® Score has increased to 711 on average.
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Banks Will Waive Annual Fees, Late Fees And Lower Interest Rates… If You Ask
I usually suggest to readers to ask their banks to waive late fees or annual fees. Now there’s some numbers behind this that show that banks are indeed willing to waive these fees. What’s even more surprising, based on a survey from CreditCards.com, they will waive these fees most of the time. You just need to…
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Some FICO Credit Scores Could Go Up Soon
Your FICO score is one of the most important numbers when it comes to your finances. Whether you’re buying a home, a car or applying for a credit card – lenders want to know the risk they’re taking by lending you money. FICO Scores are the credit scores used by 90% of top lenders to determine your…
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Credit Reports Will Now Show If You Pay Your Balances In Full Each Month
A recent change by major credit rating agencies will enable mortgage lenders to see whether you pay off your bill every month or keep a balance. That means home buyers who pay off their credit cards may earn an advantage when looking for a mortgage. This might be bad news for those who always pay in time…
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Credit-Card Use Increasing Among People with Low Scores
If you’ve noticed that it’s getting easier to get a credit card a and you’ve been receiving higher credit limits, you’re not dreaming. The credit card is coming back, even among people with the lowest credit scores. Although things might have gotten a bit tougher for churners. In the second quarter, total household debt increased…
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What Is The FICO Score And What Can You Do To Improve It
Your FICO score is one of the most important numbers when it comes to your finances. Whether you’re buying a home, a car or applying for a credit card – lenders want to know the risk they’re taking by lending you money. FICO Scores are the credit scores used by 90% of top lenders to determine your…
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45 Million Americans Don’t Have a Credit Score
We all try to stay on top of our credit history and FICO score. We also try managing our balances, limits and other factors in order to increase our score. But while many of us worry about our credit rating not being high enough, a new report finds that 26 million Americans have no credit rating at…
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Top 3 Credit Reporting Agencies Reach Settlement on Medical Debt
New York Attorney General Eric Schneiderman reached a settlement with the three biggest U.S. credit-reporting agencies in a deal that will change the way they handle errors and treat medical debt. Under the agreement, set to be announced on Monday, Equifax Information Services LLC, Experian Information Solutions Inc and TransUnion LLC, will be more proactive…
