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.
Many consumers use credit cards to help build their credit profiles. This can be a great way to build a credit history, but it’s important to be careful. Negative information in your credit report —such as late payments or irresponsible use of credit—can result in…
As you work to improve your credit score and creditworthiness, it’s important you understand how the information in your credit report can impact your financial future. Unfortunately, there are a few misconceptions about credit scores that may keep you in the dark.