Consumers baffled by Prime vs. Subprime Loans

Consumers baffled by prime vs. subprime loans FICO Scores are one of the primary metrics that lenders use to assess a borrower’s creditworthiness. Because of this, your credit score can influence the chances of your loan being approved and the rates and terms...

How to reestablish your credit post-bankruptcy

How to reestablish your credit post-bankruptcy? Your credit rating can go back down after an adverse fiscal event. However, by improving your fiscal habits and responsible spending, it is possible to rebuild your credit after some time. Don’t let bankruptcy ruin...

How much credit does the average person have?

How much credit does the average person have? The Center for Financial Services Research found that an average of 87 percent of Americans hold four credit cards. But is this the correct number for you? Here are some tips to help you decide. Suppose you already have...

Why keeping your credit card utilization low is essential?

Why keeping your credit card utilization low is essential? It’s no secret that credit utilization is one of the key factors in credit scoring. But what exactly is credit utilization, and how can you ensure yours is where it should be? Credit utilization is...

Maxing out to debt-free: How to manage your credit cards properly

From maxing out to debt-free: How to manage your credit cards properly Credit cards can be a helpful tool when used responsibly. Making scheduled, on-time payments can boost your credit score, and certain cards offer rewards for specific products or services or even...

Good credit is the key to a successful future.

Good credit is the key to a successful future Credit is one of the most important aspects of your financial life. It’s a reflection of your ability to borrow money and repay it on time, and it can have a major impact on your ability to get loans, lines of...