Term: credit scores
31 found

How to Make Sense of Your Free Credit Scores

By Steven Shaw on 10/30/2015

make-sense

You’ll never be able to keep track of all your credit scores — there are just too many. They vary in how they’re calculated, the scale by which they’re measured and the information on which they’re based, leaving consumers with a pile of numbers that may not make a lot of sense. Luckily, you only need to watch one score to understand the basics.

credit score
credit scores
Free Credit Reports

More Than Half of Students Don’t Check Their Credit Scores

By Steven Shaw on 8/3/2015

Credit Score

For the most part, there’s no good reason to not check your credit score. There are so many places you can get free credit scores, so access isn’t an issue, and even though all those scores are a bit different, they can be very helpful as you make financial decisions. Checking your credit scores is so easy (you can get your free credit score right here on Credit.com), you can make it part of your personal finance routine from the start of your adult life. But that’s not what people actually do.

Credit History
credit scores

Millions With Credit Problems Can Now Get Free Credit Scores

By Steven Shaw on 4/23/2015

Millions of People With Credit Problems Will Now Have Access to Free Credit Scores

Millions of Americans working with nonprofit credit counselors will have free access to their FICO credit scores as part of a new agreement between FICO and the three major credit reporting agencies, Equifax, Experian and TransUnion. The Consumer Financial Protection Bureau announced the agreement in an April 21 blog post, saying that this change will allow counselors and their clients have more informative, productive conversations about how to improve clients’ credit standings.

credit reports
credit score
credit scores
FICO credit score
FICO Score
free credit score
managing debt

10 Things Everyone Should Know About Credit Scores

By Steven Shaw on 4/20/2015

everyone should know about credit

The last time I got up in front of a group to talk about my job, no one had questions for me. It was a high school career day a few weeks ago, and the students stared at me blankly as I dropped words like “personal finance,” “credit scores” and “debt.” I could tell they thought my work wasn’t exciting, that the topics I write about are boring. Everyone was happy when the bell rang to end my session.

credit score
credit scores

7 Common Credit Score Questions

By Steven Shaw on 2/11/2015

common credit score questions

One big problems with credit scores is that consumers often find them very confusing. It’s not surprising — complex algorithms spit out numbers that don’t always make sense to the person being scored, and there are more scores than a person could ever hope to keep track of. Despite their issues, credit scores are useful tools and can enable consumers to better understand and leverage their financial situation to get the things they need. To best take advantage of the information presented in your credit scores, it helps to know the answers to some of the most common questions we get about credit scores.

credit score
credit scores
free credit score

The Simple Chart That Can Explain Why Your Credit Score Dropped

By Steven Shaw on 1/13/2015

FICO Chart

Being late on one bill can’t hurt your credit score that much, right? Wrong! Not only can a single, small late payment slice 100 points off your credit score, it can take three years to recover from the damage.

credit score
credit scores
FICO credit score
FICO Score

5 Ways to Improve Your Credit Score in 2015

By Steven Shaw on 1/5/2015

good credit

The new year is a time for resolutions, new beginnings and (hopefully) a higher credit score. It may be the last thing you are thinking about this holiday season, but your credit score can affect your mortgage, your job potential and, ultimately, your life. So, now is the time to start thinking about, monitoring and improving it. Make 2015 the year you improve your credit score with these five tips.

credit score
credit scores
Improve Your Credit Score

Are Credit Scores Just a Scam?

By Steven Shaw on 10/2/2014

credit scores scam

It sounds like something straight out of the conspiracy theorist’s playbook: a secret system that enslaves average citizens who don’t even know what’s really happening.

credit score
credit scores
FICO
FICO credit score
FICO Score

3 Ways You Can Get Your Credit Score for Free

By Steven Shaw on 8/5/2014

3 Ways You Can Get Your Credit Score for Free 

Lenders and some service providers use your credit history as part of their decision to do business with you. Credit scores (numbers based on the information in your credit history) are an easy way for those people to understand how risky a borrower you are, and while credit standing isn’t the only factor in lending decisions, it’s important enough that you should pay close attention to it.

credit score
credit scores
free credit score

Does My Age Help My Credit Score?

By Steven Shaw on 6/11/2014

Does My Age Help My Credit Score?

Does credit scoring favor older, more mature people?

Nope.

Credit scores do not consider a consumer’s age. Instead, it’s the age of your credit file, not your age as a person, that directly impacts your credit score. The length of your credit history accounts for about 15% of your credit score.

credit score
credit scores
length of your credit history