Credit cards can be a great way build credit, but it’s important to use them responsibly. Understand how your credit limit is determined and how that limit can impact your credit utilization—a key factor in calculating your credit score.
Consumer debt is on the upswing across the country. According to national consumer credit trends data from Equifax, total consumer debt grew in almost all of the largest metro areas at the end of 2013, due in large part to gains in credit card and…
There are a lot of things that can impact your credit score, from payment history to types of credit. But not every financial decision you make directly impacts your credit, and it’s important to understand what won’t hurt your credit score.
It’s important to build a positive credit history, but you may find it difficult to get new lines of credit if you have no credit or a low score. Fortunately, you have some options for building credit—the Equifax Experts explain.
Your credit score is an important part of your financial life, so it’s important to understand how it works. Test your credit score knowledge with our Money Matters quiz, and be entered to win up to $1,000.
Under certain circumstances, such as a job loss or illness, late payments may be unavoidable. Since payment history is weighted heavily when calculating your credit score, it’s important to understand the impact that these late payments may have.