Can Alternative Credit Scores Hurt You?

Credit Score

Can Alternative Credit Scores Hurt You?

Can Alternative Credit Scores Hurt You?

We’ve written quite a bit on alternative credit scores at Credit.com over the years — and on how these non-traditional scores based on things like utility and rent payments can help consumers with “thin” credit files qualify for credit cards and loans. But can the opposite also be true? Can people who have healthy “traditional” credit scores be stymied... Read More

3 Ways Your Credit Score Can Empower You

Credit Score

3 Ways Your Credit Score Can Empower You

3 Ways Your Credit Score Can Empower You

You already know the importance of keeping down debt and making credit card and bill payments on time. But are you aware of the perks that come with having a good credit score? If not, here’s a helpful primer. 1. Credit Cards With Rewards Rewards credits cards, including those for hotels, cash back and airline miles, are typically issued... Read More

See, You Can Get a Mortgage With Bad Credit

Mortgages

See, You Can Get a Mortgage With Bad Credit

See, You Can Get a Mortgage With Bad Credit

The number of people getting mortgage loans with less-than-stellar credit has steadily grown over the last three years, right alongside those getting loans with excellent credit. That was the finding of Equifax’s most recent National Consumer Credit Trends Report, which also shows that total mortgages increased in the first quarter of 2016 by 10.3%, home... Read More

How to Build Credit Without Going Into Debt

Credit 101

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

Is Bad Credit Contagious?

Credit Score

Is Bad Credit Contagious?

Is Bad Credit Contagious?

If your credit’s not so hot, it could have something to do with the people you hang around with. Not directly, of course. Credit histories don’t get merged. So, unless you’re co-signing for a loan or, say, taking out a mortgage with someone, your friends can’t exactly affect your credit score. But their attitudes toward money could be... Read More

I’m 27 & I’ve Never Had a Credit Card. Should I Get One?

Credit Cards

I’m 27 & I’ve Never Had a Credit Card. Should I Get One?

I’m 27 & I’ve Never Had a Credit Card. Should I Get One?

Considering all the debt disasters young people witnessed and read about during the financial crisis, it’s unsurprising that credit cards aren’t a popular financial product among today’s 20- and 30-somethings. Several surveys of millennials have found that consumers that age are often debt-averse and favor other forms of payments over credit cards. As someone who... Read More

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