Credit Scores

Your credit score is a number lenders use to determine whether you’re worthy of credit or not. Credit scores are usually divided into five categories: Excellent: If your credit score ranges anywhere between 740 to 850, it is considered excellent. Having a score this high normally means you’ll be approved for anything and won’t have...

Your credit score is a number lenders use to determine whether you’re worthy of credit or not. Credit scores are usually divided into five categories: Excellent: If your credit score ranges anywhere between 740 to 850, it is considered excellent. Having a score this high normally means you’ll be approved for anything and won’t have...

A credit score is a number that lenders use to determine whether or not to extend a person credit. It is determined based on the track record of the person and ranges between 300 and 850. There are two other names for your credit score, FICO score and consumer score. If you’ve ever wondered where...

A credit score is a number that lenders use to determine whether or not to extend a person credit. It is determined based on the track record of the person and ranges between 300 and 850. There are two other names for your credit score, FICO score and consumer score. If you’ve ever wondered where...

Do you ever get credit reports and credit scores mixed up? If so, you’re not alone. Many people believe they both are one in the same when in actuality they are quite different. Here are the differences… A credit report is a detailed tracking of your credit history. It shows your financial activity dating back...

Do you ever get credit reports and credit scores mixed up? If so, you’re not alone. Many people believe they both are one in the same when in actuality they are quite different. Here are the differences… A credit report is a detailed tracking of your credit history. It shows your financial activity dating back...

There are two kinds of credit inquiries: hard inquiries and soft inquiries. Hard inquiries can hit your credit report “hard” causing you to lose points on your credit score. These types of inquiries can come from applying for a loan, applying for a credit card or applying for a mortgage. While hard inquiries are necessary...

In part 1 of How To Identify Soft Inquiries On Your Credit Report, we covered factors that can take a soft hit at your credit report. These included, checking your own credit score, getting pre-approved credit card offers and going through background checks. Each time you try to apply for credit that’s considered an inquiry....

Credit is an interesting paradox. Your score is comprised of so many factors, not just your pay back history. For instance, each time you try to apply for credit that’s considered an inquiry. Inquiries allow lenders to see when and where you’ve searched for credit in the past. There are two main kinds of inquiries:...

In part 1 of Example of Hard Credit Inquiries, we shared the types of credit inquiries that can bring your credit score down a few points. They included applying for a loan, mortgage or credit card. Credit inquiries allow lenders to see when and where you’ve searched for credit in the past so they can...