Your credit score is the product of a complex algorithm that factors in numerous variables. The number of credit cards you have is a portion of that mix, but it’s not one of the most important. In fact, the actual number of your credit cards is practically irrelevant compared to the big movers...
Credit utilization ratio: What is it and how it affects your credit score
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When it comes to personal finance (including how to get…
How does payment history affect your credit score?
As my readers know, I am all about paying your bills on time all the time. Doing so is what is best for your credit score and your overall financial health, plus it is just the right thing to do. Let’s dig into how payment history factors into your credit score and see if we can shed some light on why that is so…
This is the fastest way to raise your credit score
If you’re gearing up to borrow money for a car, home, or another big purchase, you already know how important it is to have a good credit score.
What’s less clear, usually, is how to boost that score if you need money ASAP, and your current one leaves you with...