Have you ever wondered why there’s so much fuss about having a good credit score? This three-digit number could impact your financial health – and your life – in important ways. Read on to learn more about just how important your credit score is. Image via Flickr/CafeCredit.com Continue to original source.
Everyday we hear people say “get your free credit report” or “get your free credit score”? But what is the difference? This is a good question that a lot of people don’t’ understand. The credit report is a detailed outline of your credit history. Your score is a number generated based on the things in…
Do you just have credit cards on your credit report? Do you just have a car loan? How about a mortgage? What you may not realize is that having just one kind of credit actually hurts your score. It’s always better to have a mixture. It makes up about 10% of your total score. See…
If it was difficult for you to get a car with your bad credit, it may be hard for you to lease a car too. Although leasing a car is cheaper than buying, companies may still make it hard to lease if you have less than perfect credit. Your credit score will determine the lease…
Having two or more credit cards can affect your credit score in many ways. It can be negative when the only type of credit you have is in the form of credit cards. Your credit should be diversified among various forms of credit and not just credit cards. It could also hurt your credit score…
There are two kinds of inquiries that can happen on your credit report. They are hard inquiries and soft inquiries. In part 1 of Difference Between Hard Credit Inquiries and Small Credit Inquiries, we covered what hard inquiries are. In part 2, we will cover soft inquiries. What is a soft inquiry? These types…
When you reach a credit score of 700 or above, you’re in a whole other league in the world of credit. A score that high can mean the difference in getting a home loan, or a car loan at a great rate versus triple the rate. It can mean the difference in getting an airline…