What Is a Bad Credit Score? (And What You Can Do to Fix It)

Maybe you already know your credit score is lackluster, or maybe you’re dragging your feet to find out because you don’t want to know just how bad it is. Before worrying anymore about that dreaded three-digit number, find out just what is a bad credit score and what your financial options are if you have…

How Does Being an Authorized User Affect My Credit Score?

Whether you’re looking to lengthen your credit history or increase your credit score, becoming an authorized user can help establish better personal credit. And anyone with a credit card may have an authorized user added to the account, making it an easy process. However, there are a lot of responsibilities that come with being an…

How to Build Your Credit History By Paying Rent

Timely payments are the most important factor in credit score, accounting for a full 35% of your credit score. While mortgage payments, car loans, and credit cards are all reported in this section, a huge missing component is rent. Unfortunately, the three major credit bureaus do not have a section for rent payments and only…

13 Credit Cards Offering Free FICO Credit Scores

It’s easy to get your credit report for free; in fact, you can get all three copies from each credit bureau for no charge every year. Unfortunately, while your credit report contains all the financial information contributing to your credit score, it doesn’t include the credit score itself. Several websites, like Credit Karma and Credit…

How Long Does It Take to Rebuild Credit?

If you’re trying to rebound from a major financial nosedive, it may seem like you’ll never get your credit score back on track. Maybe you’re overwhelmed by credit card debt, or you lost your job and got behind on all kinds of bills. No matter what has happened in your past, there is always something…

How to Rent an Apartment with Bad Credit

Having bad credit can come back to haunt you in inconvenient ways. Getting denied for a credit card and receiving loan offers with sky high interest rates are just a few of the unfortunate consequences of a low credit score. But even more alarming is that more and more landlords are performing credit checks before…

How Does Closing a Credit Card Affect Your Credit Score?

Increasing your credit score can seem like a complicated process. After all, it’s created by an intricate algorithm that weighs each and every item on your credit report in a variety of different ways. Because many blogs and financial extremists tout all credit cards as bad, you might be tempted to close all of your…

How Student Loans Affect Your Credit

For many Americans, it’s difficult to escape college without accumulating some degree of student loan debt. In fact, the average debt for a Class of 2015 graduate exceeded $35,000. Not only does your student loan payment affect how much money you have leftover from your paycheck each month, it also takes a toll on your…

What Is a Credit Privacy Number (CPN)?

Credit privacy numbers (CPNs) are touted by some credit repair companies as being a helpful way to disassociate yourself from your bad credit history and start fresh. Rather than using your Social Security number as your identifier for loan and credit card applications, you can supposedly use a nine-digit CPN to get approved. The only…

How to Settle Your Debts with Collection Agencies

When you have a longstanding, overdue debt with a creditor, whether it’s an unpaid credit card balance, medical bills, or anything else, at a certain point the account will likely be handed over to a collection agency. You usually receive a notice in the mail that the debt is changing hands, but if you’re unsure…