Founded in 2007, Credit Karma is a San Francisco-based financial services company that offers free credit scores to the masses. Credit Karma touts that it will always be free to the consumers who use its website or mobile app. But how accurate is Credit Karma? In some cases, as seen in an example below, Credit Karma […]
Five credit factors affect your credit score: payment history, credit utilization, types of credit, age of credit, and the number of hard inquiries. Other factors don’t impact your credit score as much, such as whether you carry a small balance on your credit card.
To build credit, you can apply for a secured card, become an authorized user, work on paying down existing debt, and make sure you make all payments on time. You can also use a service that reports rent or utility payments to credit bureaus.
Immigrants and international students often struggle to gain access to financial services in the United States. Nova Credit aims to end that by providing a “Credit Passport®.” By connecting foreign credit bureaus with lenders and major U.S. credit bureaus, lenders can better serve people from abroad.
There are many types of personal loans, each with their own minimum credit score requirements. Typically, you'll need a credit score in the mid-600s to qualify for most unsecured personal loans and require a score of 740 or above to get the lowest rates.
The Chase Sapphire Reserve credit card is a high-end travel and dining rewards card that has a hefty $450 annual fee. The card has some of the best benefits available in the credit card world, however, the Sapphire Reserve card is also one of the most popular—even with that heavy fee. It offers 3 points per dollar spent on travel and [&helli
Your credit score, in some ways, holds more power than any other part of your personal information. Many people think of credit scores as only important if you’re applying for a loan or credit card, but in today’s world they’re used for many more things than just loans. Without a solid credit history you can […]
Credit utilization is the percentage calculation of how much of your available revolving credit you use at any given time. Credit utilization accounts for about 30% of your credit score, so it is important to know how to manage your own ratio improve it over time.