credit score factors

Have you ever wondered how a three-digit number could possibly summarize your financial reliability? A credit score, often seen as a financial passport, profoundly influences your ability to borrow money and the terms you’re offered. Yet, the mechanics behind its calculation remain a mystery to many. Each financial behavior has a distinct impact, and understanding […]

The temptation to overspend during the holidays is very high. Yet overdoing it when it comes to holiday spending will almost certainly spell trouble for your finances and your credit, causing additional holiday debt. Naturally the best course of action when it comes to holiday spending is to set a firm budget ahead of time […]

Now, I can’t take credit for this one, but there are a few points of interest on credit scores that I like in the Credit Karma info-graphic below. First, don’t believe that having “too many accounts” and “too much credit” is a bad thing. Take a look at the highest score bracket and notice that […]