Is No Credit Worse Than Bad Credit?

The general feeling surrounding most Americans dictates that we collectively carry an immense load of debt, such as student loan or credit card debt. With reports from the CBO warning people that the rising federal debt may choke economic growth within a decade and begin a death spiral that will sap revenue from government programs, […]

The Effect of New Credit On Your Credit Score

New credit determines about 10% of your FICO score, making it a fairly important factor in your overall creditworthiness. According to FICO, people in the United States have more credit today and still shop for new credit more frequently than ever. This kind of behavior leads to the very pertinent question, that is, how new […]