Entries Categorized as 'Credit Score'
Many people don’t know that their credit score isn’t great, until something happens to alert them – such as being turned down for a new credit card, or offered a high rate on a mortgage or other loan. Once that happens, they are often surprised and distressed to find that their credit has been tarnished in some way, and they often struggle to understand how this could happen.
If you think a credit score is no big deal, and therefore you’ve skipped out on getting a credit card or doing anything else toward establishing a credit history, you may be in for a rude surprise down the line.
Having a good credit score is vital to your financial health. Not only does it affect whether or not you’ll be approved for the credit card, mortgage, apartment, and maybe even job you want, it determines your interest rate whenever you secure a loan.
Improving your credit score can be done through patience, awareness of what impacts the score and through negotiation. By following these tips, you can lay the groundwork for better credit.
TransUnion emptied its database to find the cities with the best and worst credit scores. See if your city made the list.
Credit cards help you build good credit faster than charge cards. Discover the differences between credit cards and charge cards in your credit report.