What role does your credit score play in your active accounts?  Credit Karma has a chart on their website that is a basic way to see how your credit card limits and credit score interact.
The relation between your credit card limits and credit score is actually more interdependent.  Your credit score utilization is found by [...]

Category: Credit Score, UtilizationTags: credit card limits | Comments (5)

It there really such a thing as a perfect credit score?  An 850 credit score usually is the idea of a perfect credit score.  The idea is almost hard to even think about.
A credit score is one of those things that the top number seems to never be achieved.  It is almost like the Japanese [...]

Category: Credit ScoreTags: Perfect Credit SCore | Comments (5)

There are several ways to raise your credit score, but some are better than others.  To start you need to understand how credit scoring works.  Then you can then use that to determine the best practices to achieve a good credit score.  But here is a short list to get you started.
1. Start Paying Your [...]

Category: Credit Score, RebuildingTags: account history, Credit Report Errors, credit tips, improvement | Comments (0)

Lending
The first and most recognized way your credit score is used is for lending.  Creditors want to review your credit report before lending you any money.  It is a clear indication of your credit worthiness and whether you pay your bills.  There are two other ways your credit report is used but are not often [...]

Category: Credit ScoreTags: Employement, Insurance | Comments (0)

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)

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)