Credit Score

As you get older, there are several financial responsibilities that become more prevalent over time. You may be wondering how you can possibly pay for housing, food, insurance, health care, debt repayment, and fun without running out of money. That’s a lot to cover with a limited paycheck. The answer is simple: make a budget.…

Credit is an essential component of adult life. Once your teen grows up and is ready to rent an apartment, buy a car, or take out a mortgage, they’ll need a pretty good credit history. With a better credit history, they will be able to land better interest rates and more favorable terms, which may…

Economic hardship can be a product of avoidable common financial mistakes. Even if you are already facing financial difficulties, steering clear of these mistakes could set you up for success. 1. Missing or Skipping a Payment Timeliness and consistency with loan payments account for 35% of your credit score. Missing or skipping payments is one…

Assessing your credit reports is one of the many responsibilities that come with adult life— for many, understanding how to read and digest the information that a credit report contains can be difficult. If you are new to credit or are still struggling to understand the dynamics of your report, you’ve come to the right…

Your credit report shows how each of the three major credit bureaus rate your credit. Since each bureau has its own method of analyzing your financial history, it’s important to look at all three scores. Typically, your payment history and the amount of money you owe are the largest factors in your credit score. Smaller…