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For some people, checking their credit is like stepping on the bathroom scale: a necessary evil, albeit one that pushes them to take charge of their health. Perhaps that’s the same thinking that drives consumers to regularly check their credit. In fact, according to a new study commissioned by Discover, a high percentage of those who regularly... Read More
You pay your bills on time, keep those credit cards in check and only apply for new credit when you really need it. There’s every reason in the world you should have a stellar credit score. And yet … One of the reasons you hear “check your credit” so often is that there are ways things can... Read More
You may have heard that getting a credit card is one of the easiest ways to build good credit. It’s true: There are credit cards for people with bad credit or no credit, and if you can get one, you can use it to build up the most important parts of your credit history, payment history... Read More
Summertime — the perfect time for a beautiful wedding! You’re pledging mutual love and affection to your partner, surrounded by friends and family. You’re looking forward to a lifetime of adventure and happiness together. And while you’re thinking about your wedding and probably doing last-minute planning and fittings and all that great stuff, I’d like... Read More
Average. If someone uses the word to describe your kids, your intelligence or your looks, you’re probably not going to be too happy about it. But you shouldn’t necessarily be upset if the same can be said of your credit scores. It turns out that the average American credit score isn’t actually all that bad. According... Read More
Your cellphone: It’s hard to live without! (How did we ever get by with a landline in the “olden days”?) And cellphones are really more than cellphones — they’re mobile devices that have become our cameras, our entertainment devices, our way to connect socially, our shopping malls, our sources of news and information and our... Read More
If you’re considering applying for a new line of credit, you may have heard that doing so may affect your credit scores. But how much of a hit will your scores really take? “It’s typical for the score to drop 5 to 10 points,” after a hard credit inquiry, said Jeff Richardson, a spokesperson for credit scoring company... Read More
It’s a commonly taught tenet of credit: Closing an account could wind up hurting your score. And closing credit cards can be particularly problematic — primarily because doing so can skew your credit utilization rate (how much debt you’re carrying versus your total available credit limits) and possibly affect the age of your credit report. Of... Read More
The major credit reporting agencies have a big change in the works that could bolster a lot of people’s credit scores. As part of its National Consumer Assistance Plan (the result of a settlement brokered with 31 state attorneys general back in 2015), Equifax, Experian and TransUnion are planning to significantly reduce the amount of tax-lien and... Read More
As of a 2015 NPR report, more than $113 billion in child support debt was owed in the U.S. And that debt doesn’t just affect those who are waiting on child support checks. Delinquent child support can get listed as a tradeline, or account on your credit report. It is reported to credit bureaus directly... Read More
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