According to FICO, the average credit score in America for 2021 is 716. In general, this is a good credit score, but it’s only the average score, and about 11.1 percent of American consumers have poor credit scores, i.e., scores less than 550. Are you one of them? Credit scores […]
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4 Things About Credit Scores That Make Zero Sense
If you’re an adult in the U.S., there’s a good chance you use a credit card (or in some cases, multiple credit cards) for the majority of your purchases. As a credit card holder, you’re assigned a unique number—a credit score—that credit card companies and lenders use to determine how […]
5 Steps to Improve Your Credit Score
Your financial health begins and ends with your credit score. It describes your creditworthiness and tells lenders how responsibly you handle your debts. A good credit score makes lenders such as Maxlend loans trust you with new loans, and the reverse is also true. Again, a high credit score opens new lines […]
How Different Types of Credit Affect Your Credit Score in Arizona
A credit score is the number that lenders use to determine the risk of loaning money to you. Most lenders in Arizona will check your credit score before deciding how much they will lend you and at what interest rate. FICO scores, the most common credit determining factor, uses five […]
Financial Methods to Smoothen Bumpy Roads of Credit Score Issues
From smallest to biggest, financial decisions depend on credit rating. Either you buy an expensive car or take a microwave on installments, the credit rating is sure to play its role. However, situations happen, you fall into credit score issues, and countless adverse circumstances follow behind. The major issues with […]
Things to Know while getting a Credit Card with Low Credit Score
Many people identify credit card as just another tool to make your purchasing easier, but while used appropriately, it can be a lot more. When used properly, a credit card can be even an ideal tool for you to build a good credit history or revert your bad credit to […]
Three Tips to Raise Your Credit Score Quickly
It is extremely important to build your credit rating very quickly. This article is about how you can quickly raise your credit rating if you’re looking to buy a home for yourself or invest in real estate or maybe buy a car. Here are three awesome ways to quickly build […]
What is a good credit score and why should you care?
What kind of lending risk are you? If you are looking to borrow money it is important to know. Your credit score is what potential lenders will use to determine whether or not they are willing to lend you money, how much they are willing to lend and at what […]
How Car Lease Will Affect Your Credit Score
Are you unsure of leasing a car as you are afraid of the influence it will have on your credit score? There has always been the question of buying or leasing and these days we need to consider our credit score as well. Leasing is not for everyone but neither […]
People With Poor Credit Score Can Use A Guarantor Loan
When you have a poor credit score, it is more than likely that you will be considered a risk and find it difficult to get loans from lenders. This situation can also arise if you have no credit history just because you have never borrowed money or have no credit […]
How To Fix a Poor Credit Score after Bankruptcy Hits You
Filing bankruptcy is an indication that you have two things to worry about - 1) How would you recover your financial status? and 2) How would you rebuild your credit score? Every problem has a solution and speaking of your worries, well how about you begin with healing first. Healing […]
5 Bad Credit Score Improvement Tips to Manage Your History Report
Some wounds are difficult to mend, but running into the trouble of a bad credit score is something that many would find hard to overcome. No there is no instant solution as such. The thing is that, nothing is impossible and wounds too need time and patience to heal. So […]