Credit Card Report
Financial News Made Easy

You have zero debt, a hefty salary, a fat portfolio — and no credit score. Yes, it could happen Some 50 million Americans don’t have enough credit activity to qualify for the most commonly used credit score.

Your credit score is more important than how much you earn, or how much money you have in your savings account.

A realistic action plan for building your credit, fixing it, and maintaining it.

Although most Americans know their credit score is important, a lot of people aren’t quite sure how it is derived or how to improve it.

There is a growing trend of specialized credit scores created and tailored for individual sectors, such as utilities

If your credit card spending is out of control, you may be tempted to cancel some of your cards so that you can elevate your score. But simply cutting up the card the old-fashioned way, rather than canceling it, may be the better way to go.

Although delinquencies stay on your credit report for seven years, you can start raising your credit score in as little as six months.

One of the worst times to find out that your credit score is lower than you’d estimated is when you’re sitting across from a mortgage lender.

It’s definitely a home buyer’s market. Sellers want and need to sell their homes and they are ready to deal. But before you go out and strike that great deal on the house of your dreams, make certain you have your financing ready to go. Sellers will make better deals when they are certain you are pre-approved for financing.

Credit scoring applies a mathematical formula to the information in a consumer’s credit-bureau file to predict how likely the consumer is to fall behind on debt payments. The higher the credit score, the lower the presumed likelihood of default. Find out how your credit score is calculated.