Your credit score can significantly impact your ability to qualify for loans and credit cards. Learn what affects your credit score so you can work toward a positive financial future.
Credit-reporting agencies, such as Experian, use so-called “tradelines.” These are lines on your credit report that spell out each revolving and installment credit account you have and also include your name and the business or organization to which you owe money.
Are you wondering if a 700 credit score is good or bad? We’ll answer that question and help you understand what products are available with a 700 credit score.
There are four broad credit scoring ranges: Bad, fair, good, and excellent. Knowing where your score falls is important if you plan on applying for credit.
Endeavor to keep your credit utilization below 30%. That’s the key to harnessing the “amounts owed” component of your credit score and keeping your credit healthy.
Hard inquiries happen when an authorized person or entity requests a copy of your credit reports. Hard inquiries are also known as “hard pulls” or “hard credit checks.” They’re usually standard when applying for credit.