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!
Don’t worry too much if your Valentine discloses their credit score is in rough shape this weekend — their bad credit isn’t technically contagious. “Everyone has their own credit report, so your significant other’s credit history won’t be combined with yours,” Rod Griffin, director of public education for Experian, said in an email. (And, yes, this tenet is... Read More
Only a small sliver of people have absolutely terrible credit scores, but plain-old bad credit? That’s a lot more common. Nearly a third of Americans have a credit score lower than 601 — the distinction between bad and fair credit — according to credit bureau Experian. These figures come from a breakdown of Experian’s 2015 VantageScore 3.0... Read More
Legislation introduced late last year aimed at changing the way the nation’s largest mortgage loan holders, Fannie Mae and Freddie Mac, conduct business, could signal a tipping point in how, and even if, credit scores are calculated for lending decisions. In December, U.S. Reps. Edward Royce (R-Calif.) and Terri Sewell (D-Ala.) introduced the Credit Score Competition Act... Read More
Paying off a loan is a good thing. It’s a sign of success and responsibility. The logical conclusion from here would be that paying off a loan would help your credit score, but that’s not always what people experience. Awhile ago, I saw a post on Reddit where a user said they saw their credit score... Read More
Everyone has an opinion on what makes them happy, and for many people, it seems having a good credit score is part of the formula. Three out of five American adults (59%) said a high credit score is important to their happiness, and the majority of Americans are trying to get better ones, according to a survey... Read More
It can happen to anyone, and when it does, it’s usually at the most inopportune time. You start to search for a new home or, finally have the funds together to buy a new car when — bam! — an unpaid medical bill you didn’t know about enters collection or a payment on a store credit... Read More
Your credit is one of the most important things in your life. Just like you might use your blood pressure or body weight as an indicator of your physical health, your credit (including your credit report and credit score) is an indicator of your financial health. But there’s a problem: People often don’t like talking... Read More
Maybe you’re busy. Maybe you’re afraid of what you’ll see. Whatever the case, it can be all too easy to turn a blind eye to your credit report. Fortunately (or, perhaps, unfortunately), certain red flags can let you know that something is really amiss — and that your credit score has entered the danger zone. (Bad... Read More
Your credit score is one of the most important numbers in your entire life. We all know that banks and credit card companies use it for loans and lines of credit, but did you know many others, like cellphone companies and landlords, use it to make decisions, too? Establishing and building your credit is one... Read More
Whether you’re in the market for a new house, car or another major purchase, you’re going to want to make sure you’re creditworthy. While it can take time to build good credit, there are some habits you can adopt to boost your scores and, subsequently, your reputation in the eyes of lenders and financial institutions.... Read More
Certain credit cards and other financial products mentioned in this and other articles on Credit.com News & Advice may also be offered through Credit.com product pages, and Credit.com will be compensated if our users apply for and ultimately sign up for any of these cards or products. However, this relationship does not result in any preferential editorial treatment.