Bad Credit Card Habits You Must Break
A few bad habits can wreak havoc on your credit score before you even know it!
good credit score
How Quarantine Purchases Can Affect Your Credit Score
There’s nothing quite as satisfying as knowing your package has been shipped and is on the way, is there? But for many of us, this type of impulse buying and shopping became an all too familiar practice in the last few months, as we spent almost the entire first half of 2020 in our homes. …
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5 Financial Habits and Practices to Build in Your 20s
Your 20s are perhaps the most exciting time of your life. You’re not only out of college, living on your own, and financially independent, but there’s a lot of room for growth and change—and uncertainty. It’s important that you focus not only on spending money and having fun with your friends, or lose yourself in …
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Hard vs. Soft Inquiries on Your Credit Report: What Do They Mean?
It’s generally a smart idea to keep a check on your credit reports. Doing so will alert you in case there are any potential issues that might affect your credit score. The best part? The inquiry doesn’t negatively impact your score. On the other hand, when external creditors review your credit report, it can negatively …
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The Top 3 Credit Bureaus of the US and Their Key Functions
Did you know that there are three major credit bureaus in the U.S. that notice the way you spend money? They then report this information to several lenders and creditors, which can substantially impact your financial standing. Read on to learn more. What is a Credit Bureau? A credit bureau is an agency that collects …
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Creditworthiness 101: A Comprehensive Guide
Put simply, creditworthiness is the measure by which a lender determines whether you will be able to pay your debts back. A borrower who is deemed creditworthy is one whom a lender believes is willing, able, and responsible enough to make regular loan payments as agreed upon. Creditors use it to assess you before they …
How Credit Scores Can Impact Well-Being
We’re all familiar with the stress our GPA scores have caused us. We all know how much that number on our paychecks matters to us. Similarly, the three-digit number that constitutes your credit score can either be a source of relief, or a contributor to your daily dose of stress. Credit scores determine your long-term …
Assessing How COVID-19 Has Affected Your Financial Habits
The novel coronavirus has changed our lives in more ways than we could have imagined. Most of us have had to undergo a drastic readjustment process, while offices, businesses, and educational institutions have shifted online. A lot of us went from spending very little time at home, to spending most of it indoors with our …
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3 Ways to Supplement Your Credit Without an Income
Contrary to popular belief, you don’t need to be making a lot of money to maintain a good credit score. What most people don’t tell you is that you can be unemployed and still have a credit score of over 800. Growing your credit score actually comes down to five simple factors: Your payment history …
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