Having a higher credit score can help when it comes to being approved for financial products with good interest rates. For example, someone who is applying for a credit card with a low credit score is likely to be offered a much higher rate than someone with an excellent score. Figuring out  what credit score…

I subscribe to Kiplingers and an article in the last edition was called “Give You Child Some Credit” and it was all about how you could help your kid by adding them as an authorized user to your credit card. If you, or your parents, have excellent credit, this is true. Or if you, like…

Let’s talk a little about credit scores today. First, let’s start with what they are. A credit score is a number between 300-850 that lenders use to determine how good you are with credit. Having a higher score is better. There are two main types of credit scores, FICO scores and VantageScore, which are very…

Getting Loans with Bad Credit is Entirely Possible Source: Pixabay No Attribution Credit scores feature prominently in determining who gets approved for loans.  These scores range from bad to excellent, and depending upon your number, a lender may or may not approve a loan for you. People with bad credit scores have a lower likelihood…

Pixabay A bad credit score is like a nasty smell that follows you around wherever you go. It’s not something you can just ignore, as it will turn up in some of the most critical moments of your life. Your credit rating affects you when you apply for a job, find a new place to…

Buying a car is a big deal. Aside from purchasing your first home, buying a car is one of the biggest purchases you may ever make. Considering how long you will be using the car it is decision that you do not want to take lightly. Choosing where to get your auto loan is a…

Most of us know about the existence of credit scores and understand that they are important for deciding what sort of access to loans and credit cards you are afforded, but a much smaller number of us have a clear idea of how they are calculated or how much they can affect your plans for…

Having bad credit is a little like going through life with an anchor tied around your waist. Bad credit is a dead weight that consistently drags you down and holds you back. Credit can go from good to bad incredibly quickly and with just a few of the wrong decisions. Once that happens, life gets…

Are you stuck dealing with bad credit? You’re not alone. A 2015 study found that about one third of Americans have a score that’s lower than 601, indicating a fair or bad credit rating. While it’s nice to know that you aren’t the only one facing bad credit woes, this doesn’t solve the wide range…

The higher your current credit score is, the lesser the interest rate your lender will impose on your mortgage, car loan, etc. If your score is somewhere in the region of 760-850, you’re looking at a more affordable rate than if your FICO score had dropped below 650. A 650 credit score could put you…