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[27 Apr 2018 | 2 Comments | 2,258 views]
Closing a Credit Card you Have had the Longest Won’t Lower Your FICO Score

When you close the credit-card account that you’ve had the longest, it will lower the average age of your credit accounts and drag down your FICO Score.

Fico Scores »

[26 Apr 2018 | 3 Comments | 2,816 views]
A Store Credit Card That Doesn’t Require Payments for Six Months Will Lower Your Credit Score

You charged thousands of dollars’ worth of appliances to a store credit card that doesn’t require payments for six months. As long as you make the payments in six months, your Credit Score will not be affected.

Fico Scores »

[25 Apr 2018 | No Comment | 1,427 views]
How Many Credit Cards You Should Have for a Good Credit Score

How many credit cards should you have for a good credit score? If you’re one of those people who holds up the line at stores because you’re trying to figure out which of your 10 credit cards to pay with, it may be time to do some consolidating.

Fico Scores »

[20 Apr 2018 | One Comment | 3,092 views]
A 30 Day Late Payment can Drop Your FICO Score 60 to 110 Points

Late payments are the “biggest foul” when it comes to credit cards, warns Ben Woolsey, director of marketing and consumer research at CreditCards.com — the consequences can include late fees, jacked-up interest rates and a lower credit score.

Fico Scores »

[20 Apr 2018 | No Comment | 1,413 views]
Bad Credit Auto Loan Financing Credit Score Needed for Approval

The average American credit score is 678, but there is a range of credit scores that auto loan lenders will find acceptable. You can qualify for a auto loan with a low credit score, but you may need to seek alternative lending options to do so. In order to secure a auto loan with a traditional lender, you will need to be in the medium to low-risk credit range — this credit score range includes all scores more than 650.