credit scores

If you see an account in collections on your credit report, it's understandable to feel stressed. Collections, even when paid, can potentially lower your credit score and impact your approval odds for mortgages, auto loans and credit…

A February survey from U.S. News & World Report shows that nearly half of survey respondents believe carrying a balance on a credit card improves your credit score. Fortunately, almost 52% know that it doesn't raise your score. And when…

A good credit score can be the key to accessing many things in life, from better rates on loans to higher credit limits and even apartments. A low credit score or minimal credit history could leave you with more locked doors than keys.…

Student loans can have a major effect on your credit score, so it pays to understand the relationship between student loans and credit. On one hand, borrowing and paying back student loans can do wonders for your credit history. On the…

Debt consolidation can be a lifeline for consumers who are struggling to keep up with multiple credit card bills and loan payments. One method for consolidating debt is with a personal loan, through which you repay one or more types of debt…

A business credit report and credit score will determine what financing options and rates are available to your business. The cleaner your report and higher your score, the better your choices will be. Having a good business credit score…

A debt can be sold to a collection agency if you miss several payments on an account. A collection account stays on your credit report for approximately seven years.Collection accounts decrease your…

In the midst of rising car prices and interest rates, more consumers are struggling to pay their auto loans. In fact, a recent TransUnion study found that as of the second quarter of 2022, 3.34% of auto loans were more than 30 days…

If you need to build credit fast – or rebuild it after a financial fiasco – you're in the right place.You've probably heard that you need a long credit history (a trillion years, at least) and a whole slew of credit lines to have an…

If you've been struggling to pay off a debt, you may now have a charge-off on your credit report. A charge-off signals to potential lenders that you're a risky borrower. But what exactly is a charge-off? Read on to learn how a charge-off…