Calculating credit scores is complicated, But if you understand these 9 key credit score terms, you will be well on your way to building a better credit score and a brighter, more secure financial future.
You’re probably familiar with the importance of credit scores. Lenders and stores use your credit score(s) to decide whether or not to extend credit to you. They also use them to decide what interest rate to charge you on a loan or credit card, as well as the credit limit. And even whether to require a deposit when opening a new account. But with all the different...
Everyone has bills to pay. But, when your debt spirals out of control it can lead to bad credit and stress. Are you past due on your bills? Disconnection notices in the mail? Calls from collection agencies? Who wouldn’t be stressed! For some people, bad credit and stress can lead to depression. That’s a difficult road to travel alone.