Credit 101

Our Credit.com experts are here to provide you with a practical, real world credit education. They’ll teach you credit basics such as: what is a credit report & score, how to shop for credit & score is & how to understand & compare APRs. They’ll also brief you on the type of credit products available and how to evaluate which one is right for you.

6 Universal Truths About Credit Reports

6 Universal Truths About Credit Reports

6 Universal Truths About Credit Reports

Credit reports: They’re complicated. You can’t really argue with that sentiment: They are long and often unwieldy; there are three major versions of them, and they can affect more facets of your life — like, say, your ability to get certain jobs — than you may think. Fortunately, there are some things that are true, no matter... Read More

Do You Start With a Credit Score of ‘0’?

Do You Start With a Credit Score of ‘0’?

Do You Start With a Credit Score of ‘0’?

When you think about it, credit scores have a lot in common with the SATs: They stress people out, involve tough-to-answer questions and play a huge role in determining whether your applications (albeit for financing) get denied. There’s another notable similarity, too, which you may not know about: When it comes to credit scores, you can’t get a zero. The... Read More

4 Credit Score Myths That Are Totally Wrong

4 Credit Score Myths That Are Totally Wrong

4 Credit Score Myths That Are Totally Wrong

We all know that your credit score is really important, so it’s no surprise that you’d want to increase your credit score whenever possible. First, it’s important to know what your credit score says about you. It’s a measure of your creditworthiness. It’s not a measure of your wealth. It’s not a measure of how... Read More

Does Getting a Co-Signer Hurt My Credit?

Does Getting a Co-Signer Hurt My Credit?

Does Getting a Co-Signer Hurt My Credit?

When you don’t have a credit score good enough to get a loan, it’s easy to feel stuck. It takes credit to build credit, after all. Some borrowers turn to friends and family to help. Specifically, they may ask someone in their life to co-sign for them. When someone co-signs for an account on your behalf,... Read More

Is There a ‘Best’ Time to Check My Credit?

Is There a ‘Best’ Time to Check My Credit?

Is There a ‘Best’ Time to Check My Credit?

You’ve probably heard repeatedly that you should be keeping an eye on your credit. After all, the various versions of your credit scores help lenders determine, among other things, the rates they’ll offer you on an auto loan, credit card, mortgage, cell phone plan or insurance policy. Your credit reports can even factor into a company’s application process. But... Read More

Should I Be Worried If My Credit Score Dropped 10 Points?

Should I Be Worried If My Credit Score Dropped 10 Points?

Should I Be Worried If My Credit Score Dropped 10 Points?

You’ve decided to check your credit every month. And, since you’ve been working hard to establish a good credit score, you’re a bit disheartened when you learn that your number appears to have dropped over the last 30 days. Should you also be worried? Not necessarily. Why the Drop?  Credit scores are dynamic — they change... Read More

How to Build Credit Without Going Into Debt

How to Build Credit Without Going Into Debt

How to Build Credit Without Going Into Debt

Unless you were born in some remote location and lived off the grid your entire life, it’s not news to you that good credit is needed to function in today’s society. Your credit history is what indicates your trustworthiness to lenders, stores, and even employers and landlords. Bad credit or no credit is a major... Read More

Why Do Credit Card Issuers Need to Know My Income?

Why Do Credit Card Issuers Need to Know My Income?

Why Do Credit Card Issuers Need to Know My Income?

Ever wonder why credit card issuers ask for your income on the card application? You’re not alone. Fortunately, we tapped Eric Lindeen, vice president of marketing for ID Analytics in San Diego, California, which offers credit risk management scores to issuers, to explain why. The Credit CARD Act of 2009  The Credit CARD Act of 2009 requires a consumer’s... Read More

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