Tips to Raise Your FICO Credit Score

Your FICO credit score is one of the major factors a lender will consider when determining whether or not to approve you for credit. There are many things that go into your FICO score, which means that there are things that you can do to improve it. Careful attention to your FICO score can help[…]

will canceling my credit card hurt my credit score

Will Canceling My Credit Card Hurt My Credit Score?

We’ve all heard the importance of paying close attention to our credit scores. Many of the credit card companies are beginning to catch on to the importance of having consumers keep it in control, and helping them track it—whether on a monthly statement, like Discover, or through the online account, like Chase and US Bank.[…]

The Best Walmart Credit Card

As the world’s largest retailer, you might visit Walmart for your everyday shopping and groceries. If that’s the case, each shopping trip can be even more rewarding with the best Walmart credit card. Whether you shop online or in-person, find out which credit card is the best for you. When you shop at Walmart, be sure[…]

The impact of balance transfer on your credit score

It isn’t uncommon for credit card customers burdened by high-interest card debt to opt for balance transfer facility to benefit from the introductory 0% APR offers. Nothing denying the fact that such refinancing can be a very cost-effective move, but it also leads to a hard inquiry into your credit, which is most likely to[…]

Do you know your FICO score fluctuates from month-to-month?! – Here’s why

I read somewhere some time ago that working on improving a poor credit score is a lot like growing out a bad haircut! Regardless of how often you go in front of the mirror, your hair are going to take their own sweet time! And a month can make a lot of difference! The same[…]

Credit mistakes you must NEVER commit!

Remember the high school class in which you were taught about credit scores and how you can build a handsome score for yourself?! No?! Well, you’re right. How would you remember when there was no such class?! No high school imparts such education to its pupils. And this is also the reason why a large[…]

Credit Card Debt

How Much Credit Card Debt is Too Much?

According to the 2015 Federal Reserve study, the average US household credit card debt is $15,863, based on a NerdWallet analysis. That amount seems fairly significant to some, not so surprising to others. To a creditor, that looks like a lot of profit! Your interpretation of the average level of household debt is similar to[…]

How many credit scores do I have?

The growing emphasis on the importance of knowing one’s credit score has brought about a sort of revolution in the credit scores industry! More and more people are being encouraged to find out, protect and improve their credit scores. Many online portals have sprung over the past few years, providing these credit scores for free.[…]

What’s the difference between the FICO and FAKO credit score?

Ever applied for credit? Then you must’ve definitely come across the term ‘credit score.’ Actually, there are all sorts of credit scores in the lending marketplace, resulting in plenty of confusion among the consumers. Many of them can be seen wondering, “Which credit score should I refer to?!” So, will the REAL credit score please[…]

How to improve your credit score through credit cards

Trying to clean up your credit score just before applying for a loan is a lot like working out to get 6-pack abs just a few days/weeks ahead of your beach vacation! Such shortsighted efforts won’t be good enough to undo months of reckless mistakes. However, people who know how to discipline themselves and who[…]