“I DON’T CARE what my ‘credit score’ is,” one of our readers wrote in a recent comment on the Credit.com blog. “I am debt free except for my house. I use credit cards for everything possible and pay them off in full every month.” Is good credit really that important? Some people obviously don’t think… Read More
Credit is a system of trust, and that trust can only be established through experience. It doesn’t really matter how you get started — a credit card, student loans, a personal loan, asking someone else to co-sign a loan or add you as an authorized user to their credit card — but you have to… Read More
Most of us aren’t clueless about credit scores, but we may be making costly mistakes. A recent annual survey by Consumer Federation of America and VantageScore Solutions about consumer credit knowledge found that a “large majority of Americans know a great deal about credit scores.” But it also identified some common misconceptions about credit that… Read More
If you’re driving around a Lexus RX350, you’re rolling with the credit elite. If you financed your new Lexus, it’s likely you have great credit, too, because 775 is the average credit score of people who bought that car in 2013. The Lexus RX350 tops the list of cars whose buyers have the highest average… Read More
“How important is your credit score?” That question was posed to me recently as I stood onstage after delivering a presentation on how to optimize your credit to a group of some 500 women for the annual Women’s Money Conference in Las Vegas. I only had a few moments to summarize the importance of credit… Read More
Is it possible to dilute your bad credit with good to boost your score? The Credit.com News & Advice Blog recently received the following comments from one of our readers: I had a lot of medical collection accounts from an illness about 1 1/2 years ago. I disputed all of the accounts and a couple… Read More
Managing credit correctly requires a certain amount of discipline. If you let your spending get out of control or take on too many loans, you could face big money troubles. That’s why, when it comes to borrowing, it’s important to have some guidelines. Here are five credit rules every consumer should follow so their finances… Read More
A lot is made of the extremes of the credit scoring spectrum. What does it mean to have bad credit? How can you get good credit?