Having a good credit score is the talk of the town. Apparently, there are so many advantages to be gained from improving your credit score. But what are they exactly? Wonder no more. Below we look at the 6 advantages of good credit and explain who improving your credit score can benefit you! W…
According to the FICO credit scores, 20% of Americans have a score between 800 and 850, and 25% fall into the category with scores between 740 and 799. But many people don’t really understand how scores work, and how credit is reported to the credit bureaus. Do you want to find out more about the [&…
A credit score is often at the center of focus when financial institutions determine your financial health and credibility. If you ask someone, they’d reply vaguely that the more you have, the better. But how much is “more” and what is the highest credit score you can have? And the bigger questions,…
Many new or aspiring borrowers wonder what credit score do you start with. This is a good question since before you can get a loan or access to credit, lenders will look at your credit score to assess your level of risk. Do you get assigned a credit score when you turn 18 years old? […]
A credit score is one of the main concerns of any adult, especially those looking forward to applying for a loan. Credit scores will play a part in whether you will leave a good impression on a lender or not. They show how likely it is that you will make the payments on time. So, […]
You hear all the time that bad credit will affect your ability to take out loans. Bad credit can be extremely detrimental, and it will only feel like that when you need it the most. But what about having no credit? Is no credit better than bad credit? You will find the answer below. What […]
Getting your first apartment can be tricky if you’re fresh out of college and just landed a new job. Why, you ask? Landlords run credit checks before leasing apartments for rent. If you have bad credit, that’s when you may lose out on your preferred apartment. But the good news is you can still get …
Deciding to lease a car can be a difficult decision – especially if you are a visa holder. The entire process might be a source of confusion for you. This is exactly why we’ve comprised this comprehensive guide for you: to bring some clarity on the topic. More specifically, we will discuss the minim…
At a Glance: To get an apartment with no credit, consider these tips: explain your situation, demonstrate lack of credit due to no debt, rent directly from the owner, provide references and proof of income, get a cosigner or find a roommate, offer to move in immediately, ask for a month-to-month arr…
At a Glance: Bad credit refers to a negative track record with lenders, often resulting from late or non-payment of loans. It is reflected in your credit history and summarized by a credit score. Different companies have varying criteria for defining bad credit. When it comes to employment, certain …