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Why Isn’t My Credit Score Improving? Here’s What to Do
A good credit score can open the door to new financial possibilities. You can unlock more attractive financing options for major purchases with the right score. And who doesn’t want to take advantage...
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Is There Such a Thing as Too Much Credit?
Those in the know about credit will remember that credit utilization is one of the biggest factors that influence your credit score. To be specific, credit utilization makes up about 30% of your FICO...
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What Does It Mean to Be Credit Invisible?
Here’s a number that may shock you: about one in five American adults do not have a credit score. About 26 million consumers are what the Consumer Financial Protection Bureau calls “credit invisible,”...
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VantageScore vs. FICO Score: What’s the Difference?
If you monitor your credit using a free website, chances are, you’ve seen your VantageScore. However, you may not have realized that this credit score is not the same as your FICO score. So what is a...
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What Is a Derogatory Item on Your Credit Report?
Derogatory items on your credit report can be a big problem for your finances. These negative marks can stay on your credit report and damage your credit scores for several years. Fortunately, there...
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6 Reasons Why Having a Good Credit Score Matters
You’ve likely heard that having a good credit score is important. But why does this three-digit number matter so much? It can impact your finances in many ways. Whether you want to make a major...
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Are Revolving Accounts More Powerful Than Installment Accounts?
Revolving accounts and installment accounts are both important account types when building credit, but they are not equally powerful when it comes to your credit score. Which type of account has a...
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Insider’s Guide to Buying Credit Repair
Most ratings and buyers’ guides of credit repair companies are nothing more than paid advertisements—but not here! Here is the insider’s guide to the good, the bad, and the ugly credit repair...
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Credit Mix: Do You Need to Care About Types of Credit? [Infographic]
Credit mix, also called mix of credit, is one of the factors that your credit score takes into account. It is one of the least important factors, weighing in at 10% of a FICO score. However, it’s still...
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How to Grow a Thin Credit File
A thin credit file can be problematic. Although your finances may be completely stable, a thin credit file can make it challenging to access financing for major purchases when you need it. The good...
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How to Protect Your Credit Score When You Have an Irregular Income
An unpredictable income often comes hand in hand with the freelancer or gig worker life. The freedom and flexibility you have over your work are empowering. But an unpredictable income can make...
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Why Did My Credit Score Go Down?
It’s never a good feeling when you notice that your credit score has dropped. You might feel confused or concerned, and you would probably wonder why your credit score took a dip. Let’s explore some of...
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Everything You Need to Know About Credit Utilization Ratios
Your credit score is an important three-digit number that can have a major impact on your personal finances. But your credit score is just a reflection of your credit usage habits. One of those...
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How to Establish Credit While Young
A credit score is a three-digit number that can greatly impact your life. Just like it’s a good idea to save money while you are young, it’s also a good idea to work on building your credit score while...
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How to Remove Medical Collections From Credit Reports
Anytime one of your bills heads to collections, that’s bad news for your credit score. But when it comes to medical debt, having a bill in collections is more common than you might think. Depending on...
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Should You Fix or Ditch Your Credit Score?
Credit scores, for better or for worse, are used in America to help determine someone’s creditworthiness. This affects all sorts of things from home loans to car loans to rental applications. Your...
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How to Build Credit Without a Credit Card
A good credit score is a key to accessing financing options on major purchases. Building credit can be easier said than done. One popular way of building credit is to use a credit card. But that’s not...
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How to Build Credit for a Home Purchase
Homeownership is a big financial goal. Although there are many important steps on the path to your dream home, building a good credit score might be the most critical. Not only does the right credit...
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How Cosigning Impacts Your Credit Score
Cosigning a loan for someone is a big deal. Although it might feel like you are just offering a family member or friend a helping hand, the decision could come back to haunt your financial situation...
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How to Build Credit for a Car Purchase
A car is a major purchase. With the price of both new and used cars rising fast, it’s not a surprise that most of us have to take out a loan to finance this big expense. If you are planning to take out...
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