Which Credit Score Matters the Most?
Credit scores can be challenging to navigate. Financial jargon can be difficult to understand, but knowing what a credit score is and how they operate is a crucial part of building your financial future. A healthy credit score gives you access to credit cards, mortgages, and auto loans. Whether you’re preparing to apply for credit…
Read MoreCan I Add My Child as an Authorized User to My Credit Card
As a parent, you want to do everything you can to set your child up for success. And lately, the importance of helping them understand personal finance has become clear. While you work with them on saving and living within their means, you may also want to talk to them about credit. You may even want to…
Read MoreHow to Get a Perfect Credit Score?
When you’re ready to start or build your credit, it’s important to understand your credit score. However, is it possible to get a perfect credit score? If you understand your credit score, you’ll be able to grow and improve it, maybe even someday achieving a perfect score. In this guide, we will not only explain…
Read MoreWhat Will Hurt Your Credit Score?
When you are working hard to build your credit score, it’s important to do things that will help your score go up. But it’s equally important to understand what will hurt your score. When you understand what can hurt your credit score, you can change your behavior and take steps to avoid certain actions so…
Read MoreHow Do You Improve Your Credit Score?
Sign up for SaverLife to earn points and chances to win cash prizes when you read articles like this! There are many things you can do to level up your finances. One area you can focus on that will help across the board is to improve your credit score. Having a good credit score saves…
Read MoreWhat Are the Advantages of a Good Credit Score?
Equifax, one of the top three credit reporting bureaus, considers credit scores between 670-739 to be good credit scores. FICO is one of the most commonly used credit scoring companies. FICO uses information from credit bureaus like Equifax to calculate a three-digit credit score that represents your credit. The scores are calculated based on five…
Read MoreHow Do You Establish Credit?
Sign up for SaverLife to earn points and chances to win cash prizes when you read articles like this! Establishing credit is important. Using credit over time creates a credit history (hopefully of on-time payments) that businesses use to decide if they will give you credit. Without a credit history, companies may be hesitant to…
Read MoreIf I Can Pay off My Debt, Is it Better for My Credit to Pay it off Slowly or All at Once?
I think I’m going to receive a large tax refund this year that could help me pay off my debts. If I’m able to pay off all of my debt, should I do it all at once or is it better for my credit to pay it off slowly over time? Submitted by an anonymous…
Read MoreHow to Manage What Gets Charged to a Credit Card
Credit can be a valuable tool in your personal finance arsenal. It allows you to buy things you need and earn points or cash back. It also offers a way to conduct secure transactions online and provides some protections against theft and fraud. But, if not managed properly, it can be a road to high-interest…
Read MoreHow to Improve Your Credit
Improving your credit score won’t happen overnight, but you can make a difference over time by taking certain actions. Step 1: Check for Errors To start with, pull your credit report from from all three credit bureaus using AnnualCreditReport.com. Normally, you get to do this once a year for free, but because of the pandemic,…
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