You may know that lenders often “pull your credit” when considering you as an applicant. But did you know that there are two types of credit inquiries — a soft credit inquiry and a hard credit inquiry?
For millions of renters in the U.S., homeownership is financially out of reach. One of the main reasons: Their credit scores are far too low.
It’s crucial to start thinking about how to help kids build credit early on in their lives.
We’ve all got to start somewhere. At one point in our lives, we had absolutely no credit history. The credit slate was clean.
When it comes to credit cards, separating fact from fiction can be tough. A friend might tell you something about credit cards that turns out to be false, or you might find credit card information online that’s just flat-out wrong.
Many of us want to lose weight fast and get rich quick. However, it’s difficult to accomplish either one of those in a short period of time. Unfortunately, the same can often be said for trying to raise your credit score in a hurry.
A credit score can have a big impact on your financial life. A top score gets you the best terms on a mortgage or car loan, and can even help you land a good job or a nice apartment. Many people mistakenly think they have just one credit score. In fact, dozens of scores may be attached to a consumer’s name. The two most famous scores are the FICO score and the VantageScore.
It doesn’t take much to trash your credit score. A few late credit card payments or a wild borrowing spree can send your rating south, making it impossible to get the best rates on a loan.