Category Archives: Credit Scores

Hard Credit Inquiries vs Soft Credit Inquiries
Credit inquiries are included in the "New Credit" category that makes up 10% of your credit score. That's not a huge amount, but it's still important.

So what exactly is a credit inquiry?

Credit inquiries occurs when you or someone else checks your credit report with one of the three credit reporting agencies. There are two types of credit: soft inquiries and hard inquiries.

Soft...

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Why did my credit score drop?
We love a good surprise. An unexpected visit from an old friend… a nice bonus in your paycheck… a special gift just because… But there’s one surprise you’re never happy to get – seeing your credit score drop! There are only a few reasons why your credit score will drop. If you see your credit score drop, especially if it catches you off guard, you should...
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How do I get a better credit score?
There are four golden rules to get a better credit score. These rules are based on the factors that the credit reporting companies use to calculate credit scores based on the FICO scoring system.

#1: Pay on time every month

Making late payments is the easiest way to damage your credit score. When money gets tight, the natural choice is to pay the necessities first - like food, rent,...
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