Posts Categorized: Credit Score

How Student Loans Affect Your Credit Score

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According to FinAid.org, total student loan debt in the U.S. tops $1 trillion — and counting. Average loan debt for a student in the class of 2011 was just shy of $23,000. While grads work on paying off their debt, there’s a bright side for those who do so responsibly. The potential reward: a betterread more

Avoid These 6 Top Scams that Damage Your Credit Score

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When you think of scams, stolen cash or unauthorized charges on your credit card might come to mind first. While these losses can have an immediate impact, there’s the potential for credit score damage, too, with even more costly long-term effects. Whether it’s credit scams or other tricks that hurt your score, watch your walletread more

Just 3 Credit Scores? Why You Actually Have 49 FICO Scores

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Struggling to get your credit score under control? What if I told you that you have 49 different FICO scores to worry about? Okay, so maybe you don’t need to worry about all of them. But it’s important to understand more about all of these scores, especially since your credit score can be reported differentlyread more

Living with Bad Credit and Tips to Make It Easier

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Living with bad credit makes life harder. You’ll have more difficulty obtaining loans, and when you do, you’ll find less desirable interest rates. Bad credit can affect your employment and your living situation, too. Despite this, living with bad credit might not be as hard as you think as long as you’re ready. Coping with badread more

How the New VantageScore 3.0 Will Impact Your Credit

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Think you have just one credit score? While it’s true that the popular FICO score is the most talked about, the new VantageScore 3.0 brings some changes to the credit world. The update changes how scores are calculated as well as assigns scores to millions of consumers that currently lack one. VantageScore was created byread more