FICO Resilience Index

FICO Resilience Index

FICO Resilience Index During times of economic uncertainty, people usually have trouble repaying their loans. It doesn’t matter what the reason for the economic stress is – what matters is that most everyone is going to feel it to a certain extent. In 2008, it...
Differences in Credit Reports

Differences in Credit Reports

Differences in Credit Reports Credit reports are a pain enough without them mismatching for who knows what reason. But differences in credit reports are often not mistakes. Seeing three credit reports with three different sets of information is disheartening at best....
Student Loans and Your Credit Score

Student Loans and Your Credit Score

Student Loans and Your Credit Score With total student loan debt reaching a staggering $1.56 trillion in 2020, one can’t help but wonder how it affects individual credit scores. Like other types of installment loans, student loans have direct ties to the credit score....
How Medical Bills Become Collections

How Medical Bills Become Collections

How Medical Bills Become Collections During rough times, you naturally don’t put too much thought into what medical debt does to your credit scores. Unpaid medical debt can lead to collections and damage to your credit. Your financial health is also important, so as...
Bad Credit VS Lack of Credit

Bad Credit VS Lack of Credit

Bad Credit VS Lack of Credit Having bad credit is one thing, but completely lacking it is a different story altogether. However, their effect on your financial well-being is quite similar. Do you know what the difference between bad credit vs. lack of credit is? If...
How to Improve Your Ratio with Credit Utilization Tips

How to Improve Your Ratio with Credit Utilization Tips

How to Improve Your Ratio with Credit Utilization Tips Credit utilization ratio is a key factor in determining your credit score. Credit cards get a bad rep, and often with good reason. It is very easy to make many smaller purchases and end up racking unexpected debt....