Category: Credit Score Information
What a 700 Credit Score Can Do For You
July 31st, 2009, No Comments
Especially in today’s economy, you need your credit score to be high. But even if you see your score, it means nothing until you understand what category it ranks in and how that benefits you. So let’s say your credit score is 700. Is that good? In effect, yes, a 700 is good, but it’s [...]
How Quickly Are Items Placed on My Credit Report?
July 12th, 2009, No Comments
When you know that you have negative information due to appear on your credit report, like a late payment or loan default, you may wonder how quickly it will actually be placed there. Some people insist that creditors are required to report to the credit bureaus once a month. But it’s also possible that if [...]
Does My Boss Check My Credit Report?
July 8th, 2009, No Comments
It may not come as a surprise to you that potential employers might check your credit report—it seems like everyone’s interested in your credit rating these days. So it seems fair to wonder if your boss checks your report after you’ve been hired. Depending on your line of work, the answer is probably yes. If [...]
Can Your Credit Score Lower Your Car Insurance?
July 4th, 2009, No Comments
You’re probably looking for as many ways to save money as possible right now, and car insurance costs are one place where most people start. You can use a lot of factors to your advantage, such as a good driving record, but can your credit score be used to lower what you pay for car [...]
Can Too Many Credit Cards Hurt My Score?
June 11th, 2009, No Comments
Opening a store credit card can be a tempting offer since it usually comes with a discount on your first purchase and promises of future coupons and deals. A new major credit card can be appealing with its offer of a no-fee balance transfer. But if you have so many cards that it takes you [...]
What is a Beacon Score?
June 2nd, 2009, No Comments
You already know what a credit score is, but what about a Beacon score? If you’re thinking, “Oh great, something else I need to worry about keeping in shape,” fear not. Beacon score is a phrase that is simply interchangeable with FICO score, also known as your credit score. Credit Score Software Beacon is the [...]
How Your Credit Score Affects Your Interest Rate
May 18th, 2009, No Comments
If you’re looking for a loan for a car, mortgage, or other large purchase and you want the best interest rate possible, the best way to ensure you’ll get it is by having a high credit score. Think of it in opposites. The higher your score, the lower your interest rate will be. The lower [...]
Understanding Your Credit Score
May 14th, 2009, No Comments
It’s no surprise the money is tight these days, and sometimes it seems that the only way to solve money problems is with more money. If someone would just drop a large bag of it in your lap, everything would be okay. Instead, you’re barely scraping by but you’re in dire need of a new [...]
How Employers Use Your Credit Information for Background Checks
May 13th, 2009, No Comments
You applied for a job that you were highly qualified for. You got an interview and you nailed it. As you anxiously await a salary offer, you instead get a call from the employer saying you’ve been rejected due to your credit history. Didn’t see it coming? Your credit score is one more feature an [...]
Need to Rent with Bad Credit? Here’s How…
March 23rd, 2009, No Comments
Unfortunately, most people don’t realize that it can be tough to rent with bad credit. Landlords have a tight budget and one missed payment on their apartment or lease can make their investment property unprofitable. That’s why the law allows landlords to turn away potential tenants because of a bad credit score. In addition to [...]
