For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent. For credit scores that range from 300 to 850, a credit score in the mid to high 600s or above … Read more
Your credit utilization rate is the percentage of available credit that youâre using on your credit cards and other lines of credit. Itâs based on the balances that appear in your credit report. In general, a lower utilization rate is best. Your credit utilization ratio, sometimes called your credit utilization rate, is the amount of … Read more
If you’re looking into how to get out of a car loan, you might feel like you have limited options. Fortunately, there are plenty of ways to solve this problem. Have a look at the various methods you can use to break up with a car loan for good, as well as the pros and … Read more
A credit card account can affect your credit for years after you close the account. Its effect on your credit score, however, isn’t always straightforward. Read on to learn when closed accounts are negatively impacting your credit score on your credit report, and how you might address them when necessary. Having a closed account with … Read more
Dealing with debt collectors can be an unpleasant and stressful experience. You may feel frustrated, angry, or afraid when they call demanding payment. But is it ever okay to swear at or curse out a debt collector? Let’s take a closer look at this common question. Why People Want to Swear at Collectors There are … Read more
Having derogatory marks on your credit report can seriously damage your credit score and make it harder to get approved for loans mortgages credit cards, and other financial products. But the good news is – yes, you can remove derogatory marks from your credit report through different strategies. What Are Derogatory Marks? Derogatory marks are … Read more
TransUnion is one of the three major credit reporting bureaus in the United States. The other two are Equifax and Experian. TransUnion collects information about consumers’ credit history and payment behavior and provides that information to lenders and other businesses as part of credit reports. In addition to credit reports, TransUnion also calculates credit scores … Read more
Disputing credit report inaccuracies doesnât affect your credit, but some changes made in response to disputes can help your credit scores. The removal of inaccurate late payments, new-credit inquiries or bankruptcies could result in credit score increases. While revising personal information such as name, address or employer never affects credit scores. Requesting a change or … Read more
This credit card debt statistics page tracks Americans’ credit card use each month. We update this page regularly, examining the amount of debt people have, how often they carry a balance from month to month, how frequently they pay their credit card bills late and more. Credit card debt is a growing problem in America. … Read more
Generally, having good credit means youâre more likely to be approved for a car lease and more likely to score a lower interest rate. Just as with a car loan, you generally need good credit for a car lease. In the first quarter of 2024, the average credit score for a new car lease was … Read more