Having a score of 974 on ClearScore puts you in the very highest credit score band. They call this range “Excellent”. One thing you should keep in mind: your ClearScore credit score actually comes from Equifax, UK’s second largest credit reference agency. Equifax is one of the three main credit reference agencies, alongside Experian and … Read more
The buying and selling of debt portfolios have become a significant sector within the financial industry, attracting a wide array of buyers ranging from large institutions to smaller, specialized firms. But who exactly buys these debts, and why do they invest in unpaid loans, charged-off credit cards, or other delinquent accounts? This article delves into … Read more
“Expert verified” means that our Financial Review Board thoroughly evaluated the article for accuracy and clarity. The Review Board comprises a panel of financial experts whose objective is to ensure that our content is always objective and balanced. Bankrate is always editorially independent. While we adhere to strict , this post may contain references to … Read more
If you’ve got a 625 credit score, you might be wondering if that’s a good score or a bad score. According to Equifax Canada, one of the country’s two major credit bureaus (organizations that issue credit scores), a 625 credit score falls within the range generally considered to be a fair to decent credit score. … Read more
The deceased personâs estate is usually responsible for covering their debts, including car loans, but not always. Determining who is responsible for repaying the car loanâif anyoneâmay depend on the loan terms and your stateâs laws. When youve recently lost a loved one, dealing with the financial aftermath of the loss can feel overwhelming. Car … Read more
For many, this economic situation means that it is difficult to make ends meet. Between inflation and the high cost of living, what should you do when you need a short-term means of getting cash? Some people turn to payday loans, finding the process fast and easy; however, payday loans are carefully designed to drag … Read more
Your credit score ranges tell lenders what type of borrower you are. Credit scores are calculated with a formula that uses five variables: payment history, amounts owed, length of credit history, credit mix, and new credit. Your credit score range may affect the interest rate you pay to a lender and even make the difference … Read more
In general, keep unused credit cards open so you benefit from longer average credit history and lower credit utilization. Consider putting one small regular purchase on the card and paying it off automatically to keep the card active. A crowded wallet and the temptation to spend might have you thinking about canceling unused credit card … Read more
In general, a personal loan refers to a small loan that borrowers can spend as they see fit. It can be useful for making big purchases or consolidating high-interest debts. Taking out a personal loan can be a great way to pay for large purchases or consolidate high-interest debt. But before applying, it’s important to … Read more
The FICO 9 credit scoring model includes rent payments, downplays medical debt and excludes paid collections. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not … Read more