QUIZ: How well do you know your significant other's credit behavior?

Happy Valentine’s Day! We’ve got a quiz for all of you love birds out there. Think you know everything...

The Credit Score Super Bowl: Denver vs. Charlotte

Super Bowl fever is taking over millions of football fans as Super Bowl Sunday quickly approaches.  As part of...

Your debt payoff plan & how it could impact your FICO Scores

There’s an endless supply of theories on how to manage your debt in a healthy, responsible way. Some believe...

Should I Transfer My Credit Card Balance to Another Credit Card?

If you’ve been stuck on the credit card debt treadmill for a while, struggling to make anything more than...

How to Avoid Paying Credit Card Interest

It’s no mystery that credit card companies charge interest on outstanding balances. And most credit card users are at...
FICO Scores & Credit Reports, Personal Finance
QUIZ: How well do you know your significant other's credit behavior?
FICO Scores & Credit Reports
The Credit Score Super Bowl: Denver vs. Charlotte
FICO Scores & Credit Reports
Your debt payoff plan & how it could impact your FICO Scores
Credit Cards
Should I Transfer My Credit Card Balance to Another Credit Card?
Credit Cards
How to Avoid Paying Credit Card Interest
fico score category

FICO Scores & Credit Reports

Welcome to the myFICO Blog

We're your source of knowledge for all things credit (and a few other things too). Learn about your FICO Scores and credit reports, plus get expert credit card and loan tips, personal finance advice and more.

Credit card category

Credit Cards

 

Recent posts

FICO Scores & Credit Reports

4 Big Credit Mistakes You Should Avoid at All Costs

When it comes to credit, some people prefer the ignorant bliss method: Don’t look at your credit, don’t worry about your credit, don’t even think about your credit. This method can actually be quite effective for several months or even years — that is until you’re thinking about buying a new home, leasing a new car, financing a new computer, or whatever else you’ve been dreaming up.

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FICO Scores & Credit Reports, Financing & Loans

How Student Loans Affect Your FICO® Scores

Here are some sobering statistics for anyone who recently graduated from college:

  • 70% of students graduating with a bachelor’s degree are leaving school with student-loan debt
  • The average class of 2014 graduate with student-loan debt owed $33,000—earning them the distinction of the most indebted class ever
  • 2014 graduates face a 8.5% unemployment rate and 16.8 underemployment rate

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Credit Cards

6 Tips to Maximize Credit Card Rewards

In the credit card world, there’s really no better feeling than earning rewards for your spending. Who doesn’t like getting a little bonus for purchasing everyday expenses with some plastic?

But lost in the excitement of air miles, cash back, and gift cards is the fact that getting the most out of your credit card rewards requires some extra know-how and a bit of work. Want to squeeze every last drop of value out of that rewards card? Here are some tips.

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Financing & Loans

How Recent College Grads Can Start Building Credit (in 3 Easy Steps)

Establishing credit when you’re just starting out can feel a bit like a catch-22: to establish credit, you need to get credit; to get credit in the first place, you need to have an established credit history. It can be an infinite loop of frustration (one you should get familiar with if you’re a recent grad — to get a job, you need work experience, which you can only get if already have a job . . .).

Luckily, breaking free of this paradox isn’t as hard as it initially sounds if you know where to start and know what to do once you get going.

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Identity Theft

How Identity Theft Can Impact Your Credit Scores

When people think about identity theft, they often focus on credit card fraud—someone racks up fraudulent transactions on your debit or credit card. This type of identity theft can be extremely frustrating, but luckily, credit card companies and banks have security measures and processes in place to keep your cards protected. It’s the other types of identity theft you have to worry about.

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Credit Cards

Should I Transfer My Credit Card Balance to Another Credit Card?

If you’ve been stuck on the credit card debt treadmill for a while, struggling to make anything more than the minimum monthly payments, you’re probably looking for a way out. Maybe at some point this brilliant idea occurred to you (maybe it was in the middle of the night and it came to you in a dream and you shot straight up like they do on TV and said it aloud): “I know what I’ll do! I’ll pay off my credit card with another credit card.”

Yes, you can use one credit card to pay off your balance on another — though it isn’t all that simple and comes with a few caveats.

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Credit Cards

How to Avoid Paying Credit Card Interest

It’s no mystery that credit card companies charge interest on outstanding balances. And most credit card users are at least nominally familiar with their credit card’s APR (annual percentage rate). You carry a balance, you get charged interest — simple enough.

Beyond that, things start getting a little murky. How is your APR determined? How do interest charges get calculated? And at what point does your balance start accruing interest charges anyway?

 

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FICO Scores & Credit Reports

5 Smart Credit Card Moves that Could Help Your Scores

We all know the consequences of using credit cards irresponsibly: crushing debt, late and missed payment fees, poor FICO® Scores, bad breath (okay, maybe not one of those).

Of course, using credit cards wisely comes with a number of benefits. In addition to being a secure and convenient way to make payments, credit cards can help you establish and build credit, give you access to valuable rewards, and can even help improve your scores. To help you play the credit card game wisely, here are 5 smart moves to make.

 

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Popular posts

3 Credit Mistakes to Avoid Before Applying for a Mortgage

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...

5 Smart Credit Card Moves that Could Help Your Scores

We all know the consequences of using credit cards irresponsibly: crushing debt, late and missed payment fees, poor FICO® Scores, bad breath (okay, maybe not one of those). Of...