Credit Score Archives

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What is a Credit Score? Improve Your Credit With These Tips

By Eric Williams / Credit Score / Leave a Comment

A credit score is a three-digit number that indicates the creditworthiness of the client. These scores are computed using various models and methods. The most common types of credit scoring models are FICO scores and VantageScore. Fair Isaac Corporation developed the FICO scoring model, which considers five factors to determine a client’s creditworthiness: payment history, …

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How to Get a 750 Credit Score As a Student

By Adam Marshall / Articles, Credit Score / Leave a Comment

As a student, improving your credit score can help you to set yourself up for success. At some point in your life, you’re probably going to want to: Take out a loan Buy a car and a house Get an affordable insurance rate The list goes on and on. But to do these things, you’re …

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How to Buy a House With Bad Credit In 4 Easy Steps

By David Lukić / Articles, Buying Real Estate, Credit Score / Leave a Comment

Buying a home is potentially one of the biggest decisions you ever make in your life. It is a major cornerstone and something you will always remember, but if you want to buy a house and have a bad credit score, then the whole process can be much more difficult. Not only can a poor …

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Pros and Cons of Using Automatic Monthly Payments

By Casey Musarra / Articles, Autopay, Credit Score / Leave a Comment

Autopay is maybe the greatest invention since paperless billing. I don’t know about you, but the only kind of snail mail I like is my annual birthday card from Grandma that comes with a piece of paper featuring a dead president inside. I’m certainly not a fan of anything that comes in the mail with …

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7 Simple Hacks for Building Better Credit

By Credit.com / Articles, Borrow, Credit Score / Leave a Comment

Sure, credit-scoring models are complicated (all that algorithm-ing and such). But, when you get right down to it, the secret sauce to building good credit is actually pretty straightforward: Take a whole bunch of on-time loan payments, keep a pinch of debt, stir in some new accounts, and let the thing bake. Seriously — building …

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How to Check Your Credit Report for Identity Theft

By Credit.com / Articles, Credit Score, Identity Theft / Leave a Comment

Identity thieves are almost always opportunistic—but the crimes they commit feel very personal. Unauthorized credit card charges, bogus loan applications, missing money, and other financial violations make fraud a major nightmare. To keep fraud in check, you need to know how to check your credit report for identity theft, and how to deal with problems …

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What Is a Soft Credit Check

By Credit.com / Articles, Borrow, Credit Score / Leave a Comment

Whenever you apply for anything—a loan, credit card, etc.—the lender will need to look into your credit report. Called a credit check, there are two kinds of credit checks—hard and soft. Each is used for different reasons and has a different impact on your credit score. Below, find out more about soft credit checks, when …

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Do Personal Guarantees Affect Credit Scores?

By Credit.com / Articles, Borrow, Credit Score / Leave a Comment

Whether you’re a solopreneur launching a start-up or a small-business owner seeking to grow your company, you might need extra funding. And if you’re looking for business loan, you might need a personal guarantee. Does a personal guarantee impact your credit and your own financial situation? Find out below. What Does a Personal Guarantee Mean? …

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How Much Does a Charge Off Affect Your Credit Score

By Credit.com / Articles, Credit Repair, Credit Score / Leave a Comment

Because 35% of your credit score relates to paying your debts in a timely manner, becoming so late on payments that the account is charged off can have a significant negative impact on your score. It also looks bad to future creditors because it indicates you might not pay all your bills. Find out more …

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Top Ten Tips for Rental Credit Check Success – In 2023

By Credit.com / Articles, Credit Repair, Credit Score, Renting / Leave a Comment

Passing a rental credit check doesn’t have to be stressful if you prepare in advance. Before applying for a lease, be sure to check your credit report and fix any errors, gather pay stubs or bank statements to verify your income. You can also talk to friends or family to find a willing cosigner, save …

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