Do you have thousands in used credit?  Do think that this a potential hazard because of either identity theft or creditors think you will use it?  What will happen if you lower your limits.
Chances are if you have a good credit score your utilization is pretty low.  Those with excellent credit score are usually around [...]

Category: Credit Score, UtilizationTags: credit utlization, good credit score, lowering limits, Utilization | Comments (0)

Do you sleep well at night.  Chances are if you are struggling paying your bills or never having any spending money, sleep might not be easy.  So what goes having a good credit score do for you?
The biggest thing that people identify a good credit score will do is save money.  That is right, a [...]

Category: Credit ScoreTags: good credit score | Comments (0)

To be good at anything you need to be better than average.  This seems to be the rule.  So what is the average credit score?  Most sites I found stated around 680.
The real truth is this is just a general rating.  The person who really determines if you have a good credit score will be [...]

Category: Featured, UncategorizedTags: good credit score | Comments (3)

In a previous post about what is an excellent credit score, we discussed what level of credit scores are considered the best.  If you were at of above 750 you were there.  So how do you get there?  It is not an easy journey and it could take sometime.
The first question is do you pay [...]

Category: Credit Mix, Credit Score, Featured, Late Payments, UtilizationTags: excellent credit score | Comments (5)

As a  minimum you should be checking your credit report once per year.  This seems to be almost a forgot thing to do by the majority of consumers.  It is usually done right before applying for a mortgage or a job.
This can almost be too late.  For example if you have a credit report errors.  [...]

Category: Credit Report, Credit Score, FeaturedTags: Credit Report Errors, Credit Score | Comments (0)

If you are trying to get a quick boost to your credit score, there is a simple method most people overlook.  Dispute errors on your credit report. BankRate.com says “70 percent of credit reports contain serious errors that might cause [...]

Category: Credit Report, FeaturedTags: Credit Report Errors | Comments (0)

Is it a FICO score or a credit score?  You should think about FICO scores as a brand of credit scores.  Think about Hoover and vacuum or tissue and Kleenex.  The term credit score is a much more general term.  Actually there is an estimated 1,000 plus different credit scores.
FICO score is not the only [...]

Category: FICO scoreTags: FICO score | Comments (0)

A common belief of many people is that every time your credit report is reviewed it will be a potential negative factor.  The real truth is only what is known as hard inquiries will count in calculating your credit score.  Furthermore, they could have an effect or they could not have effect.  You need to [...]

Category: ApplicationsTags: Hard Inquiries | Comments (2)