According to data compiled by TransUnion, the average credit card debt for Americans was an estimated $6,329 through the second quarter of 2024. This was an increase of about 6% from the roughly $5,090 average credit card balance Americans had at the same time in 2023. But what does that number mean exactly? And if … Read more
Your credit score is one of the most important numbers in your financial life. It gives lenders an idea of how creditworthy you are – whether you’ll be able to pay back money you borrow. But what constitutes a “good” credit score can be confusing. In this article we’ll take an in-depth look at whether … Read more
Having a credit score above 760 can open up a world of financial opportunities A score of 760 or higher is considered excellent credit, and will qualify you for the best interest rates and loan terms from lenders But reaching that high credit plateau takes diligent work. Here are the key steps you need to … Read more
MarketWatch Guides may receive compensation from companies that appear on this page. The compensation may impact how, where and in what order products appear, but it does not influence the recommendations the editorial team provides. Not all companies, products, or offers were reviewed. Start comparing the low rates with multiple top companies using myAutoloan below … Read more
If you have a collection on your credit report, you may be wondering how it may impact your FICO® Scores. Below we share answers to the most commonly asked questions about collections. As with any derogatory information, when reported, its impact on a FICO Score will gradually lessen over time as they age off the … Read more
Its generally — but not always — a seamless process, and some redemptions have more value than others. Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions … Read more
The death of a loved one is always difficult, but receiving an inheritance may soften the blow and reassure you that you were loved by your family member. Naturally, you and other Detroit residents would want to put an inheritance to good use, such as purchasing furniture or going on vacation. You might also want … Read more
Theres not a one-size-fits-all solution for the number of credit cards a person should own. However, its generally a good idea to have two or three active credit card accounts, in addition to other types of credit such as student loans, an auto loan or a mortgage. Just remember: The number of credit cards you … Read more
Regularly checking your credit reports and credit scores is a good way to ensure information is accurate. But can checking your credit hurt your credit scores? [Duration: 00:54] Many people are afraid to request a copy of their credit reports – or check their credit scores – out of concern it may negatively impact their … Read more
Anytime anyone offers you something free, you should think twice if it’s safe to accept it. That’s true even if that something is coming from a legitimate business with millions of users. We’re talking, of course, about Credit Karma – a free credit checking service. Is Credit Karma useful? Of course! Is it free? Absolutely! … Read more