April is National Financial Literacy Month, which means there’s no better time to talk about where the U.S. and other countries rank when it comes to understanding finances. Some of these facts and figures might surprise you (and even scare…
Continue readingOkay… so you ordered a copy of your credit report and see a lot of words, numbers, abbreviations and even different colors. How are you supposed to make sense of all that information? The first thing to remember is that…
Continue readingNational Financial Literacy Month was introduced in an effort to highlight the importance of financial literacy and help teach Americans how to establish and maintain healthy financial habits. It’s a great way for people to begin their path to financial…
Continue readingThe Amounts Owed category makes up 30% of your FICO® Score. That’s why it’s so important to understand what it means and how it’s calculated. What is Amounts Owed? In a very general sense, “Amounts Owed” refers to how much…
Continue readingSome people refer to their 40s as the “prime” years… some as “middle aged” and others as “the sandwich years” (taking care of both children and parents). Whatever you decide to call them, be aware that it’s a crucial time…
Continue readingDoes having the highest limit on your oldest credit card help your FICO® Scores? In short, this is not true. There is no logic in FICO® Scores that evaluates your credit limits or available credit based on the age of…
Continue readingLike a fine wine, the older your credit history, the better impression it can make. Although the length of your credit history determines only 15% of your FICO® Score, it can affect your chances of getting a loan. What is…
Continue readingFICO recently announced that more than 250 million consumer credit and loan accounts have free access to actual FICO® Scores used by lenders. Those FICO Scores are made available through our FICO® Score Open Access program. FICO® Score Open Access is a service that provides consumers with regularly…
Continue readingDid you know that before 1974, women in the United States had little access to credit? For Women’s History Month, we take a look back… My mother, as a young woman in the 1960s, bought a typewriter on installment. Her…
Continue readingDuring tax time, identity thieves are working hard to figure out ways to steal your identity…and your money. Here’s how you can stop them. Tax time means different things to different people. For most of us, it’s a time to…
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