Posts Tagged ‘credit scores’

  A lot of things significantly depend on what your credit report says—decisions about housing, loans, and sometimes even jobs. A credit report includes information about credit accounts and loan history, but these are some credit report facts that many people are surprised to learn: Paid accounts might not appear on your credit report While […]

A credit card can be very useful for building credit and for financial success, yet at the same time, credit cards are often a major culprit for debt and bankruptcy. This article highlights some of the advantages and disadvantages that come with owning and using a credit card. Credit card advantages: 1. They can simplify […]

There’s a specific formula that is put in place to determine every consumer’s credit score. This is how your credit rating is broken down: New credit: 10 percent New credit makes up 10 percent of your credit score, and this not only includes the amount of accounts you recently opened, but the pursuit of new […]

When you look at your credit report or read more about improving a credit score, you have likely encountered the term “revolving account.” What exactly is a revolving account? A revolving account is a type of credit that involves monthly payments, interest rates and/or service fees. An example of a revolving account includes department store […]

When it comes to using credit cards, there are certain moves that are best avoided, because they can end up backfiring and working against you in the end. The following are four credit card mistakes that could cost you in the long run: Bouncing credit card balances from one card to another Balance transfer offers, […]