Reviewing your credit reports is crucial to your financial health. Fortunately, several websites let you check your credit reports for free. Some sites will also include access to your free credit scores, free credit monitoring, and free identity theft protection.
Credit monitoring services can alert you to credit report changes and potential identity theft. Some services can also monitor your Social Security number or tell you if your information was found in a data breach. Most plans charge a monthly fee, but there are free options.
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.
LendEDU created our credit score simulator as an educational tool to help consumers better understand how financial decisions and changes can impact creditworthiness. We hope that you find our tool helpful, but you must understand that our tool is a simplified expression. Our credit score simulator is not designed to guarantee any credit score changes […]
There are some numbers that follow us around for much of our adult lives – our Social Security number, shoe size, and, for better or worse, our credit score. The first two are permanent (barring something really bad happening), but our credit score is dynamic, subject to constant change as we navigate the financial ebbs […]
Have you recently given a business permission to run a credit inquiry? Unsure of what a credit inquiry actually is? It sounds important because it is, and you want to make sure you choose the correct type of credit inquiry to maximize any kind of benefit. A credit inquiry, also known as a “credit pull” […]
Just like personal credit scores, businesses must have a strong credit history, a positive payment history, and a good financial track record in order to operate successfully. This guide provides detailed information about how to establish and build credit as a business owner.
Depending on how you do it, debt consolidation can impact your credit either positively or negatively. Debt consolidation done right has a minimal negative impact on your score and can actually help it in the long run. Here’s how to consolidate debt, such as multiple credit card accounts, before it’s too late.
Canceling credit cards can hurt your credit score. While there are some valid reasons for canceling a card – such as a high annual fee – be careful about closing old accounts because doing so can cause your credit score to drop. Closing cards also won't remove negative information from your credit report, so don't close cards to try to clean up your credit.
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