With so much negative news about the financial sector as a whole, a surprising new trend is emerging. That trend tells us that fewer Americans have poor credit scores. And the reasons run the gamut.
Many people think of credit retroactively and that actually hurts them when it comes time to apply for credit. Being proactive, on the other hand, will help you avoid these 4 mistakes many people miss.
There's at least one group, a subsidiary of the National Association of Federal Credit Unions, that's pushing for lenders to abandon FICO as its industry standard in lieu of an alternative it says is more accurate.
During a tough economy, strange questions such as this one come to the forefront but the answer is not so cut-and-dry. Unemployment can affect your credit, but probably not in the ways you might expect.
Because of the way that credit scores and creditworthiness are determined, people who choose to close their accounts once paying off the balances may quickly discover it was a bad idea.
Consolidating or reducing your debt is definitely something that will help you in the long run, but a personal loan may also provide additional benefits that you don't know about; but you should.
Understanding your credit history is very important but many consumers probably do not realize that it is actually more important to focus on your credit report over your credit score.
Despite the easy availability of credit reports these days, it seems that large number of consumers do not know their own credit scores.
Whether you are trying to repair your credit or are looking for better opportunities in the future, there are 3 easy and quick ways you can do to increase your credit score.
In the recent unsteady financial climate, losing your job is worse than ever. However, a new report issued this month outlines how to minimize the amount of damage that unemployment can do to your credit history.
In some recently published advice, consumers are being encouraged to stay back from bad money advice thanks to some useful tips to bust the seven most common myths regarding consumer credit.