It’s time to get real with yourself. No more guessing, no more assuming, no more hoping – it’s time to put your financial knowledge to the test. Think you’ve got your credit in check? Test your knowledge in ten questions.
I love shopping at Costco. In fact, I got an Amex Costco TrueEarnings Credit Card because I can use it to pay for purchases both in and outside of Costco while earning great rewards. In addition, it has no annual fee and serves as my Costco membership card. With the news of the transition from Amex to Citibank Visa, I can’t help but wonder what my options are and how the transition could affect my FICO® Score.
Happy Valentine’s Day! We’ve got a quiz for all of you love birds out there. Think you know everything about your partner? It’s time to put your knowledge to the test.
Super Bowl fever is taking over millions of football fans as Super Bowl Sunday quickly approaches. As part of the lead up to the game, there is a great deal of speculation and analysis (and non-stop media coverage!) on which team will take the title — the Carolina Panthers or the Denver Broncos.
Thinking about getting a new car? Based on all the car company advertising, it would appear it’s a great time to be in the market to buy a new vehicle. All of the big car companies are promoting cash back incentives, 0% financing and other incentives to move that 2015 inventory off the lot.
However, have you also noticed the fine print in the advertisements pointing out that these more favorable financing terms are only available to qualified applicants? And, having a higher FICO® Score is often quoted as one of the key requirements.
So you’re ready to take on a new mortgage and you’ve done your research. You have been educating yourself about credit scores, the credit process and how lenders evaluate credit for mortgage loan applications as you are getting ready to purchase a new home. And you know understanding your FICO® Scores is really important as they are the credit scores most commonly used in the mortgage loan review process.
The latest FICO® Score data brought with it some encouraging news about consumers’ FICO® Scores and credit health: a growing number of U.S consumers—19.9%—have FICO Scores of 800 or higher. That’s nearly one in five people with FICO Scores in the “exceptional” credit range.
With news of more people boasting 800+ FICO Scores, we thought now’s the perfect time to detail a few specific perks of having high scores.
When you’re focusing on improving your credit, every bit of credit activity is crucial. You’ve been tirelessly working to pay off debt and manage your credit responsibly. The last thing you need is for a hard inquiry to hit your credit report and potentially impact your FICO® Scores.
How important is your credit when it comes to getting approved for a mortgage? More important now than it has been in the last fifteen years. This according to a recent data analysis by economic policy group the Urban Institute, which found that an increasing share of home purchase loans are going to consumers with FICO® Scores greater than 750.
There are a lot of misconceptions out there about how credit scores are used and in what scenarios they are used. Employment? Nope. College admission? Nope. Insurance? Actually, yes.
When determining what rates to offer you, most auto insurance providers will pull an insurance score that is based on or considers a person’s credit history and credit scores.