“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
A credit score of 802 is considered excellent by credit scoring companies like FICO and VantageScore. In fact, it falls in the highest credit score range, making it one of the best scores a person can have. What Does a Credit Score of 802 Mean? A credit score of 802 is in the “exceptional” score … Read more
Financial stability is often fragile for the millions of Americans on Social Security Disability Insurance (SSDI). Every dollar counts when managing medical bills, housing and daily living expenses and many of those who cannot work due to disability rely on SSDI as their primary source of income. So, if you receive these types of benefits … Read more
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
If you’ve started the home buying process, you likely know how important a solid credit report is to securing financing from a lender. But, what happens to your credit after you buy a home? Does buying a house help your credit or hurt it? Let’s find out how your credit score is affected. Owning a … Read more
Understanding your credit report is an important part of managing your personal finances. Credit reports often appear cryptic, but the various alphanumeric codes indicate important parts of your financial status — including some, like code G or “collections,” that could have serious repercussions if neglected. Have you ever checked your credit report and come across … Read more
When you apply for a credit card, loan, or other financial product from Chase Bank, one of the key factors they consider is your credit score. Specifically, Chase uses FICO credit scores to evaluate applicants. But what exactly is a FICO score and why does it matter so much? In this article, we’ll take a … Read more
As the housing market heats up and more consumers consider buying a home, it’s important to consider the role that your credit score plays in your ability to secure a mortgage. Conventional mortgage lenders will typically want a FICO score of at least 720, or in some cases 740, but those with a score above … Read more
Buying a new car is an exciting experience. However, determining how much your monthly payments will be can cause some hesitation. When you’re considering a $20,000 car loan, it’s important to understand all the factors that go into calculating your monthly payment amount. In this comprehensive guide, we’ll walk through the key details you need … Read more
You’re ready to pay down your credit card debt, but you carry a balance on multiple cards. What should you do: Pay off one card? Which one? Pay them all down equally? Stagger the payment amounts? The following tips could help you understand how to pay off credit card debt and decide which credit card … Read more