Credit Scores

You may have heard the old saying that “ignorance is bliss.” Unfortunately, I am here to tell you that ignorance is also financially dangerous. Many people don’t know how to use their credit and wind up paying higher interest on

A credit score is a numerical notation that represents a person’s creditworthiness based on a level of study of their credit files. Credit scores, which are three-digit numerical figures, provide a glimpse of a potential applicant’s creditworthiness. When it comes

7 Steps To Improve Credit Scores: A blog about how credit scores are Important to obtaining loans. Credit scores are used to estimate whether or not a borrower would repay a loan. Therefore the higher your credit score, the better

“When you hear things like ‘bad credit score can stop you from getting a job’, it’s actually not true. That’s because employers don’t pull your actual credit score like a lender would,” says Griffin. The employer must inform the applicant

While hard inquiries only have a small negative impact on your credit score, it’s still crucial to pay attention to these changes if you’re trying to build your credit, especially if they’re errors. Credit reporting mistakes happen and removing inaccurate

A credit score is a score based on your payment habits. It also takes into account the consumer’s relationship with the credit market. This means that, to calculate your score, different aspects of your financial life are considered, such as:

About 1.6% of the U.S. population had perfect FICO scores as of April 2019, according to a FICO report. Consumers that reach this height will typically qualify for the best rates and terms on various financial products, such as credit

Myth! The inclusion of the CPF in the invoice is not part of the information that is used to calculate your Credit Score. Thus, whether or not to include the CPF in the grade does not affect your score. Learn

The word credit has become synonymous with something bad and negative for your finances, but it doesn’t have to be that way. There are what we call, in simplified form, “good credit” and “bad credit”. But how to recognize them?