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.

My Credit Score is Fair — What Can I Get Now?

Have you worked hard to improve your poor credit, but not sure what you now qualify for with your new “fair credit” status? As someone with fair credit, your credit score lands you between poor and good credit. While you have not reached good credit score status, you have improved your credit score enough not […] Read More

What is a Bad Credit Score?

Most people have a gut feeling about their credit – it’s either great, good or bad. But what is a bad credit score really? First, it’s important to understand that there are many different credit scoring models out there and each may use a different scale – or numbers – to convey information. For example, […] Read More

What is a Good Credit Score?

A good credit score is what each of us aspires to. After all, a credit score is one of the important determining factors when it comes to borrowing money – and getting a low rate when you do. But trying to pin down a specific number that means your credit score is “good” can be […] Read More

What is VantageScore?

Anatomy of a VantageScore Credit Score VantageScore first exploded on the credit score scene in 2006 as a joint venture of the big three credit bureaus – Experian, Equifax and TransUnion – and now has the distinction of being one of only two scoring models, the other being FICO, to be relied upon by lenders […] Read More

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

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