Credit Access Set to Expand

Getting credit is about to get easier for people who may have previously struggled to get a mortgage because of their non-existent credit history.
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Helpful Hints for Maintaining Your Credit Score - How Length of Credit History Affects Your FICO/Credit Score

One often overlooked part of your credit score is the length of your credit history. Most people don’t understand that this is an important part of how FICO determines your credit score.
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Helpful Hints for Maintaining Your Credit Score - Amounts Owed

The total amount you owe across all accounts reported to the credit bureaus is the second most important aspect of your FICO credit score. This is also known as your credit utilization, or the amount of credit you are using vs. the amount of credit you have. Your total debt level determines 30% of your credit score.
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Helpful Hints for Maintaining Your Credit Score - Payment History Tips

Payment history tips Did you know that the most important thing you can do to keep your credit score in good shape is to pay your bills on time? Credit history accounts for 35% of your FICO credit score. Making just one payment more than 30 days late could result in a drop in your score and a negative mark on your credit report that lasts seven years.
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Helpful Hints for Maintaining Your Credit Score

What to do first When you have a good credit score you tend to qualify for better interest rates on loans. These can range from personal loans to mortgages. While there are financial products available for nearly any credit situation, good credit generally saves you money in the amount of fees and interest you may pay over the life of the loan.
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Understanding What’s on Your Credit Report

Reading your credit report for the first time may be confusing. There’s a lot of information included about your loans, credit lines, and accounts. Checking your credit report from each of the three credit reporting bureaus each year and understanding the information is an important part of your financial health.
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The Power of Installment Loans

Installment Loans Work “For millions of American families, living paycheck to paycheck is nothing new and accessing credit or bank loans isn’t a real option. This means that when it comes to borrowing money, many consumers have limited choices. This problem is exacerbated as lenders face increased scrutiny from federal regulators who are lumping installment lenders ...
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5 Credit Scores Facts & Fallacies

Credit scores can be a bit mysterious. Here are a few of the most common misunderstandings about credit scores:
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Having A Good Mix on a Credit Report Can Boost Your FICO Score

If you are already making on-time payments on your loans and credit cards, you are on your way to a better credit score. In fact, you may see your scores rise a bit each month as you establish a good payment history. If you are rebuilding credit, or are ready to take your credit score to the next level, it’s important to understand how the FICO credit scoring system ...
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Equifax Extends Offer to Freeze Credit Reports

After the personal information of 145.5 million people was exposed to hackers during the Equifax security breach last year, the company offered to waive the normal fees to freeze credit reports for individuals if they received a request to do so before January 31, 2018.
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