Based on Experian’s latest data for Q2 2023, the average American credit score is a solid 716—and, when broken down by generation, scores stay in that ballpark. What’s the bottom line? The majority of Americans are pretty good at managing their credit. How do you compare to your peers? Let's…

Credit scores and credit reports are essential in qualifying for everything from credit cards to apartment rentals and auto lending. However, you may be shocked to find out that there's a difference between a credit score and a credit report. It all may sound very similar, but the truth is…

About 45 million American consumers – maybe even you – are classified as credit unscorable. In other words, you have a limited or thin credit file, which means you have no credit score and credit agencies aren’t able to determine your credit risk. What does that mean? Quite simply, you’re…

You probably have a general idea of how to get a good credit score – like by paying your bills on time, avoiding excessive debt, and not applying for too many credit cards. But there are a lot of credit myths out there that can prevent you from maximizing your…

Yes, it's true, you CAN build your credit score without your own credit card. If you already have a car loan or your cell phone line, you'll have to get creative if you want to build your score without using your own credit card. Luckily, we have some ideas for…

One of the most important things you can do to protect your credit – especially now – is to check your report regularly. Equifax, Experian and TransUnion are making every consumer’s personal credit report available for FREE on a weekly basis through April 2021. To get a free copy of…

Did you know that there is more than one scoring model to calculate your credit score? The two main scoring models to calculate your credit score are FICO and VantageScore and lenders may look at one, or both of them when making decisions to issue a credit or approve you…

Your credit score determines if you can be approved for a loan, can get a good deal on a cell phone plan, can have utilities in your name, and can be approved for a credit card. But, what if you’re like one of the 45 million Americans who have a…

Your credit score is a number between 300-850 that gives lenders an idea of your ability to repay loans in a timely manner. The higher your score, the better chance you’ll have of securing a loan with a lower interest rate, which means you’ll pay less money in interest over…

We talk a lot about the importance of a good credit score and steps you can take if you want to raise your score. But do you know why? A credit score that falls in the good or excellent range will get you better terms and lower interest rates than…