The 800 Credit Score: What It Means and 5 Steps to Get There

The 800 Credit Score: What It Means and 5 Steps to Get There A company who wishes to become eligible for low-interest credit loans may opt to aim for an 800 credit score. The score is far from perfect, but it places you within the highest tier of FICO® scores☉, with...

What is the impact of a student loan deferral on my credit score?

What is the impact of a student loan deferral on my credit score? When you make a late payment on your credit card bill, it’s not as bad as if you had not paid. However, a late payment can still affect your credit score indirectly. Your payment history is one of...

Why is good credit so crucial for your financial well-being?

Why is good credit so crucial for your financial well-being? Credit is a financial power that helps you to get the things you need now, like a loan for a car or a credit card, based on your promise to pay later. Working to improve your credit helps ensure that...

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...

Hard Inquiries vs. Soft Inquiries: What’s the Difference?

Hard Inquiries vs. Soft Inquiries: What’s the Difference? Many businesses assume that your credit score is harmed every time a lender reviews your credit report. This is not true. Knowing what hard and soft credit inquiries are is vital so that you don’t...

How paying off collections can impact your credit score

How paying off collections can impact your credit score Most negative marks can remain on your credit reports for seven years, usually holding your score down for an assortment of time. We’ll explain why paying off old debts usually doesn’t improve your...