Not too long ago, credit scores were something many people did not pay too much attention to. Presently, people are increasingly invested in their credit score and finding ways for it to be the best it can be. You’ve probably asked yourself, what is a credit score communicating? A credit score tells lenders and credit card issuers how likely you are to pay back your loan on time. FICO credit reports rank on a scale of 300-850, with 300 being extremely poor and 850 being the absolute best. Your … [Read more...] about How Does Your Credit Score Add Up?
credit score
How Can You Improve Your Credit Score?
Your credit score is used by financial institutions and lenders to determine how much money you may borrow for a loan or credit card. A higher credit score may mean lower interest rates and better credit limits, while a low score could mean you get denied for credit. What does your score mean, and how do lenders – and even landlords and employers – use it to determine their decision? Here’s how. Your credit score is calculated based on several financial factors. Credit scores are based on … [Read more...] about How Can You Improve Your Credit Score?
