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?

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 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[…]

All that you wanted to know about credit utilization

Credit utilization is a frequently used term in any conversation related to credit scores and/or credit reports. In fact, if you’re someone who keenly follows the concept of credit, you must have definitely heard about credit utilization before and would at least have a vague idea about it. What’s meant by credit utilization? Technically speaking,[…]

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[…]

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[…]

Credit Ladder Review

Review of Credit Ladder

Your credit report is an important part of your financial identity. A good credit report gets crunched by crediting scoring companies to produce a numerical score to relay your creditworthiness. This credit score will influence your ability to secure loans and credit cards, as well as what kind of interest rates you will be charged from[…]

How Many Credit Cards is Too Many?

  When it comes to your credit score, bigger, and more, is better. With the exception of how much debt you have (obviously you want that as small as possible if not gone completely), you always want bigger with your credit line. If you have more credit cards, then your credit limit rises, which means[…]