Your credit score is one of several things that might impact your ability to rent an apartment. Landlords and property managers want to know that they will get paid.
Your credit score can often give them the information they desire as it indicates how well you handle financial obligations. And often, these landlords and property management companies require a minimum credit score to rent an apartment. Let’s dive in to learn more.
Read MoreCredit is a tricky thing. We all know it is essential to have good credit, but we do not always seem to know how to make it happen. Complicating matters is the fact that there are some things impacting your credit that you may not be able to control. Or better said, there are things of which you are not completely aware that impact your credit.
In the article, we are going to take a deep dive into credit cards and credit and explain why a new credit card impacts your credit negatively.
Read MoreYour credit score has a significant impact on your ability to obtain credit. It is a three digit number that is present on your credit report and impacts your ability to get credit, loans, insurance, and potentially a job. It is essential to understand your credit report and credit score. When you have an understanding of these things, you can position yourself to be in better control of your finances. Continue reading to find out more about how your credit score updates.
Read MoreIf your score check is within the 700 range, you are in outstanding credit shape. But if that’s not the case, and you don’t have the highest possible credit score, how do you raise your credit score from poor or good -- to great? Keeping read this article will help you on your road to achieving the highest possible credit score.
Read MoreBelieve it or not, everyone should have a credit score; even if it is as low as 300. It does not matter the state of someone’s credit or if they are in a bad situation or not. Those who don’t show a FICO score have not built up their credit standing yet. ‘No credit score’ is detrimental to your credit worthiness and financial standing Let us take a look at the reasons why and find out what would happen, if your credit score shows little or no activity.
Read MoreMore and more people are getting involved in credit scams and fraud nowadays. Therefore, you have to stay on top of your credit at all times and stay aware of what's going on in your report.
Additionally, you might have to take extra steps such as a credit freeze or a fraud alert. Here is some information about credit fraud, fraud alerts, and credit freezes. We'll explain what you need to do if you need to lock down your credit with a credit freeze.
Read MoreYou might not have known it, but you have two credit scores. One is your FICO credit score, the other is your FICO Auto Industry Option Score, or just Auto Credit Score.
The latter score helps the auto dealerships and auto lenders decide whether you can make a good risk for a car loan. FICO creates it specifically for auto lenders so they can easily determine your loan qualification, interest rate, and the down payment required.
Read MoreThe three major credit bureaus work in very similar ways, but they’re not friends – they’re competitors. They may seem largely interchangeable to the average consumer, but each may have different information about you. Even if they use similar methods of calculating your credit score, they may come up with slightly different results.
Read MoreHaving a poor credit score creates a vicious cycle. When your credit score is poor, you may be looked on as a risky employee. You'll struggle to find a good job. You'll also struggle to bring in the income you need to improve your score. You need to be proactive at optimizing your score to avoid these problems.
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