When you check your credit score, you might be used to seeing it described as fair, poor, good or excellent. Lenders see those categories, too. They just use different labels: subprime, non-prime, prime and super-prime.
You probably already know that your credit scores are used by banks, credit card issuers, car dealerships, insurance companies and more to determine the risk of lending you money or providing services, but it seems that there is a very real connection between your love life and your credit score.
Would you rather pay $262 per month or $380 for the exact same thing? Establishing a strong credit profile will help you save money over your lifetime, especially on big ticket purchases: cars and homes.
Even though there are a few ways you can try and accelerate the process, it takes time to build credit. Credit cards can be one of the best ways to do so, and if you commit to using them properly, it can be worth the time you spend strategizing.
Your credit score impacts a lot in your life, from buying a car to buying a house and even, sometimes, to getting a job. (Believe it or not, some employers check your credit report.)
You owe it to yourself to know exactly what your credit score is, and how you can go about making it better.
Consumers often begin checking their credit report and scores a few months before buying a home or refinancing a mortgage. Realizing that a higher score can save them thousands of dollars, they are then left trying to improve their score fast.
If your goal is to have enough money to spend, and give, and feel financially secure in the process -- then you'll have to start thinking about the current and future implications of what you do with money today.
Improving credit scores has never been more important, but there is one reason why some people simply do not improve theirs: They have the misguided notion that it will be too difficult and take too long to make the positive changes necessary.
Physical attraction, intelligence and a good sense of humor are all still high on the list in dating. But more people are actively looking for signs of financial responsibility and compatibility before deciding to pursue relationships.
Despite our best intentions, we occasionally forget to pay a bill or let cash rewards expire -- even the savviest consumers mess up once in a while. But little money mistakes can have a big impact on finances. Don't let your cash go to waste.
There's a lot that the basics don't cover, and questions that you might be embarrassed to ask, like how to start rebuilding your credit after a bankruptcy. We cover 10 of the top I'm-too-chagrined-to-ask questions.
How much does a single late payment affect your credit scores? Of course, as with so many things related to credit scores, the answer is, "It depends." But the irony is, the better your credit, the more you may feel the sting.
Maybe you'll someday need to borrow money to send your kids to college. All of those things take credit, and a good credit score can help you borrow more money for a longer period of time with a lower rate.
In all, 56 percent of people said they want to build their score but don't know how to do it. In fact, the majority also said that they hadn't taken the time to order a copy of their credit report or credit score at any point in the past 12 months.