Our Credit.com experts provide simple explanations for what influences your credit score; how your credit information gets used and tips on how to improve your credit. Access your credit information with a credit score and credit report from Credit.com. Sign up is quick, easy and always FREE!
You’ve probably heard that you should check your credit right before applying for a loan since a good credit score entitles you to the best terms and conditions on financing. But there are other times when an immediate credit check is equally or, perhaps even more, in order. Certain red flags indicate that consumers may... Read More
Until the Fair and Accurate Credit Transactions Act was signed into law in 2003, Americans weren’t entitled to free annual credit reports. And 24 years ago, when I began my career in consumer news, you couldn’t see your credit score at all, at any price. Consumer access to credit reports and scores is a good thing. After all, if... Read More
You may already know that lenders and other service providers use lots of different credit scores to determine whether they want to do business with you (and at what rate you’ll pay), but you may not realize that there are a variety of credit reports in use as well. Though a majority of companies request a copy... Read More
A dad who has recovered from money troubles is hoping to help his teen daughter start her financial life with the benefit of a good credit score by adding her as an authorized user to his credit card, but he’s worried that his past could come back to haunt her. “I want to put my daughter,... Read More
Your address doesn’t factor into your credit standing, but there are geographical trends to credit scores. For example, people in the northern Midwest have historically had high average credit scores. Low average credit scores are common in Southern and Western states. Four of the 10 cities with the highest average credit scores are in Minnesota,... Read More
People looking to improve their credit often receive varying advice on how to do so. If you’ve got giant credit card balances, for instance, you’ll probably want to pay them down. If you’ve applied for a lot of store credit cards recently, it may be a good idea to avoid adding even more cards —... Read More
Federal law requires credit reporting agencies to give consumers a free copy of their credit reports every year upon request. Ideally, everyone knows this and requests their free annual credit reports, but it’s important to check your credit scores, too. Why, then, doesn’t the Fair Credit Reporting Act entitle consumers to a free annual credit score?... Read More
Imagine a “credit score” that didn’t measure the likelihood that you will pay bills, but instead the likelihood that you’ll be a troublemaker. To your town, or your company or your government. Your “citizen score” would drop if you posted anything negative on social media — or if any of your friends posted anything negative. Your purchase... Read More
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... Read More
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