Here’s The Surprising Reason You Should Work On Your Credit

I write a lot about credit. I’ve built my entire career around it, and I’m passionate about helping people...

Quiz results are in! (And they may actually surprise you)

Last month we posted a fun quiz on the blog section of myFICO to test how well people know...

Does your credit impact your health?

You probably already knew this intuitively (for example, you might have read that paragraph above and said, “of course...

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...
FICO Scores & Credit Reports
Here’s The Surprising Reason You Should Work On Your Credit
Credit News & Current Events, FICO Scores & Credit Reports
Quiz results are in! (And they may actually surprise you)
FICO Scores & Credit Reports, Personal Finance
Does your credit impact your health?
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?
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

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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Personal Finance

10 things your debt collector doesn’t want you to know

Nobody likes to face a debt collector. A call from a debt collector could be a symptom of financial hardship, or it could simply be an irritating reminder that you forgot to pay your doctor bill. Either way, you’re not happy.

 

Even so, you should definitely pick up the phone.  A bill going to collections can have a substantial impact on your FICO® Scores. It’s possible for a debt collector to start calling you before the collections has hit your credit report. So if you pick up the phone and pay off the debt immediately, you may be able to avoid an impact on your FICO Scores.

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FICO Scores & Credit Reports

Why the Upcoming Credit Bureau Changes are a Big Deal for Consumers

The three major U.S. credit bureaus—Experian, TransUnion, and Equifax— are soon going to change the way they handle credit report errors and unpaid medical bills.

The credit bureaus maintain data on millions of U.S. borrowers—data that is used to generate your FICO® Scores—so overhauling the way disputes are handled to make fixing credit report errors easier could be good news for your scores.

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Popular posts

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...

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...