Having a strong credit age is important when you need to report your score. Usially a good average age of credit history is considered five years and up. If you just got a credit card for the first time you should know that it takes three to six months from the beginning use of it toRead more
Credit Scores
When it comes to life insurance, your credit score does not have a major affect on your rates, unlike other insurance policies such as auto and home. Life insurance companies may run a credit check, but they will be more interested in certain information on the report and not the score itself. All insurers have rulesRead more
As you enter a new field at work, working part time can be beneficial. DoIng so allows you the opportunity to dip your feet in the water to see if you like the job and if you see yourself making a career at it. In addition, getting in slowly into a new field gives youRead more
Thinking about getting into house flipping? One thing you will need first is a great credit. Start by checking your credit report, and if the result is not good enough then you must start working on it right away. Make sure you pay your bills on time, keep credit balances low, and pay off anyRead more
There are two really bad things to do if you are trying to have a good credit score: Getting collectors involved in getting a payment from you shows that you creditor didn’t have success with receiving funds from your end. Being late on your payments is a bad idea because thirty-five percent of your creditRead more
According to Bankrate, using 30 percent or lower on your credit card is the best strategy to improving your score. Pamela Banks, senior policy counsel for Consumers Union, recommends to pay down your balances, and keep those balances low. If you see that you have many credit card balances, a personal loan can assist you with bumping up yourRead more
How much do you know about what’s in your credit report? Many people may be aware of their score, but their are components that affect your score. When you decide to take a look at your credit report summary, here are 5 things you can expect: Your payment history: This shows you any positive orRead more
Believe it or not, credit history has a huge impact on your overall credit score. It comes in third place right after payment history and amount owed. As you can see, if you want to keep your credit score, you can’t ignore this important factor. Here’s how you can score high in this very importantRead more
The amount of time you’ve had credit makes a difference in your credit score. In fact, after payment history and amounts owed, length of credit history is the most influential part of your FICO score. Length of credit history means… Age of your oldest credit account Age of your newest credit account Average age ofRead more
There are several things that can hurt your credit score. Unpaid collection accounts, past due accounts, and short credit history are some of the few. But there are some things that people think will damage their credit score, but won’t. Here are three total myths people erroneously think will damage their credit score: Checking theirRead more
