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
Imagine if you took a test, and then your grade on that test followed you around for years. Youâre applying for an apartment, and your landlord looks at your grade. You almost have that great job offer in hand, but first, your new boss has to check your results. Before you can get approved for … Read more
Understanding what you can—and should—use helps to build better credit scores and keep you from maxing out If you have ever used a credit card or tapped into a line of credit, you probably know that you have a credit limit. But what is it exactly? A credit limit is the maximum amount of money … Read more
You may want to cancel a credit card to cut back on your spending or to stop paying the associated fees. Before you cancel, consider how ditching that credit card could impact your credit score and finances. Hey there fam! If you’re wondering “how much does your credit score go down when you cancel a … Read more
According to the Government of Canada, a credit score is a 3-digit number that represents how likely a credit bureau thinks you are to pay your bills on time.1 It can be an important part of building your financial confidence and security.1 For example, building a good credit score could help you get approved for … Read more
Having a credit score of 575 can make getting approved for an auto loan more challenging, but it is still possible with the right strategy. As someone with a “fair” credit score, you’ll have fewer lender options and pay higher interest rates than borrowers with excellent credit. However, you can take steps to improve your … Read more
The five Cs of credit are important because lenders use these factors to determine whether to approve you for a financial product. Lenders also use these five Cs—character, capacity, capital, collateral, and conditions—to set your loan rates and loan terms. Hey there business peeps! If you’re hustlin’ to grow your company or just need some … Read more
When applying for an auto loan, lenders will look at your credit reports and scores to determine your creditworthiness. But not all credit scores are created equal Auto lenders rely heavily on your FICO Auto Scores, specialized credit scores tailored specifically for auto lending risk In this article, we’ll take a close look at FICO … Read more
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Exempt Property This article explains what to do when your bank account is frozen because of a debt collection judgment. If you have a debt judgment against you, your creditors might take steps to collect directly from your bank by freezing your bank account. This article discusses what that means and the steps you can … Read more