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
The issue of bad loans in India has remained a persistent concern. Over the past decade, banks have written off a total of Rs 16.35 lakh crore in bad loans, highlighting the severity of Non-Performing Assets (NPA) in the Indian financial system. This staggering figure raises serious concerns for the economy. But what does it … Read more
Hey there, friend! Ever wondered if you can peek at all three of your credit scores—ya know, the ones from Equifax, Experian, and TransUnion—without shelling out a dime? Well, I’m here to tell ya, you sorta can, but there’s a lil’ twist While getting the actual scores for free straight from one spot ain’t always … Read more
Your credit score is one of the most important numbers in your financial life. It impacts your ability to get approved for loans and credit cards as well as the interest rates and terms you’ll receive. So where does an 862 credit score fall? Is 862 a good credit score? In this comprehensive guide, we’ll … Read more
Taking out a mortgage is likely to lower your credit score, at least in the short term. How much your score drops depends on various factors, including credit history, but a new LendingTree study suggests getting a mortgage doesn’t significantly impact your credit score. Specifically, the study shows credit scores are unlikely to fall by … Read more