Credit Scores Articles

Credit scores can be confusing. Our experts are committed to demystifying credit for you. Get easy-to-understand explanations of what factors influence your credit scores and tips on how to improve them by setting up your free account today. Discover how certain financial decisions & actions can affect your credit score. Learn how to read & interpret your credit score & find out how banks & financial institutions use your credit information to make lending decisions.

What’s the Easiest Way to Improve Your Credit Score?

Looking for an easy way to boost your credit score? Generally, building good credit takes time and good habits. However, there are some steps you can take that can be very beneficial to your credit score. Let’s take a look at a couple of them: Pay Off Debt The amount you owe accounts for 30% […] Read More

How Do I Improve My Credit Score Without Debt?

The best way to improve a credit score is by making on-time payments. Payment history accounts for 35% of a credit score, but there is no need to dig yourself into debt to improve your credit score. Qualifying for a low-limit credit card is all you need.  Make a few small charges each month and […] Read More

Will a 1099-C Hurt My Credit Score?

If you are one of the unlucky taxpayers who have received a 1099-C form reporting “cancelled debt income,” you may wonder whether a 1099-C would affect your credit scores. The answer is “no” — and “yes.” A 1099-C is a tax form that the IRS requires lenders to use to report “cancellation of indebtedness income.” […] Read More

What’s the Best Credit Score?

Whether you are already have a good credit score, or hope to get there in the future, you have probably wondered at some point, “What is the best credit score?” or, “What is the highest credit score possible?” Some people ask that question because they want to get their credit score and they are looking […] Read More

3 Things Bankruptcy Does to Your Credit Score

Filing bankruptcy hurts your credit score in some big ways. Here are a few you should keep in mind before deciding to file for bankruptcy. Bankruptcy Causes Your Credit Score to Plummet There is no way to underestimate the impact a bankruptcy has on your credit scores. It is one of the worst things you […] Read More

What’s Not in a Credit Score?

A credit score, which is calculated from information gathered on your consumer credit report, says a lot about how you handle credit, but it doesn’t include everything about your financial life. There is a whole bunch of personal information that you never have to worry about being factored into a credit score. Here’s a look […] Read More

Does Closing a Credit Card Affect Your Credit Score? Find Out Before it’s Too Late

Thinking about cleaning up your credit report by closing a credit card account that you haven’t used for years? Think again. Closing a credit card account lowers your credit score by slashing some of the length of your credit history and reducing your available credit. Credit utilization is an important component of your credit score. […] Read More

How Medical Debt Can Impact Your Credit Score

When it comes to your credit score, an unpaid medical bill is just as damaging as any other unpaid debt on your credit report. Medical bills don’t generally show up on your credit report unless the bills have been sent to collection agencies. So it’s not your doctor or hospital reporting an unpaid or forgotten […] Read More

How Student Loans Can Impact Your Credit Score

While there’s not a lot of good news out there concerning student loans, having them can be really good for young consumers’ credit scores. Credit scores are calculated based on certain aspects of a consumer’s credit report, including payment history, debt levels, age of credit and debt diversity. Having a well-managed student loan can actually […] Read More

How to Improve Your Credit Score

Your credit score plays a critical role in your overall financial life, and has a direct impact on whether or not you’ll be a approved for a credit card, a car loan, a mortgage or any other type of financing — and at what interest rate and terms. It also influences your home and auto […] Read More

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