Credit Scores

24
Jul
What Credit Score Is Needed for Student Loans?

Most federal student loans don’t require you to have good credit. However, private lenders do have certain minimum FICO credit score requirements. Other private lenders are willing to look beyond your credit score to your future earning potential, or they’ll let you qualify with a cosigner.

Posted in: Credit Scores, Student Loans,
17
Jul
How Accurate is Credit Karma?

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 […]

Posted in: Credit Scores,
11
Jul
What Affects Your Credit Score? FICO Score Factors

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.

Posted in: Credit Scores,
09
Jul
How to Build Credit—Even if You’re Just Getting Started

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.

Posted in: Credit Scores,
05
Jul
Nova Credit Review: International Credit for Immigrants

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.

Posted in: Credit Scores,
Tags: ptype_review,
24
Jun
Bad Credit Loans: 7 Online Options for 2019

If you have bad credit but need a personal loan, you may feel that you’re out of luck. However, there are numerous financial institutions that offer loan products specifically designed for borrowers with bad credit. This guide can help you find the best option for your needs and credit profile.

Posted in: Credit Scores, Personal Loans,
Tags: ptype_cornersecond,
04
Jun
How to Improve Your Credit Score

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 […]

Posted in: Credit Scores,
03
May
Credit Utilization Ratio: What it is and How it Affects Your Credit Score

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.

Posted in: Credit Scores,
13
Mar
What is the Lowest Possible Credit Score?

The lowest possible credit score is 300. If you have a low credit score, there are steps you can take to improve it.

Posted in: Credit Scores,
13
Mar
What Credit Score is Needed for a Personal Loan?

There are many types of personal loans, each with their own general loan amounts, advantages, and 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 best rates.

Posted in: Credit Scores, Personal Loans,