Category Archives: Credit Score

How Do I Interpret My Credit Score?

Your credit score is a 3 digit number based on the credit bureaus records about your credit history. The credit score is based on five different aspects of your recent credit history and current use of credit granted to you by lenders. The three major credit bureaus loosely base your credit score on a scoring…

Credit Score Advice – Home Equity Loan Tips for Better Refinancing

Refinancing your house can save you money. Even with the interest rates climbing, they are still at the lowest levels in decades and now is a good time to refinance your home before the rates climb higher. Before choosing a lender to refinance your current mortgage, consider a few key factors and analyze your options….

What Is The Meaning Of Your Credit Score?

In the United States, your credit score is everything. It is something that you should take care of. If you don’t, getting a phone, cable or gas line hooked up in your home can be difficult to do. There are also certain companies that take a look at your credit score first before they even…

Understanding Credit Scoring

Your credit score it is one of the most critical factors in your financial life. It determines if you will be approved for a loan or line of credit. A credit score is a mathematically calculated number developed by the Fair Isaac Corporation (FICO) that lenders use to rate potential customers in determining the likelihood…

Credit Score and Age: Does Your Age Affect Your Credit Score?

The Relationship between Credit Scores and Age Have you heard the phrase, “some things get better with age?” It references the sentiment that life experiences, patience, and wisdom help improve your life’s adventures. This saying can also be applied to credit scores. Although it is certainly possible for a younger person to attain a higher…