Credit effect
credit numbers
simple credit
facts
100
not happy with credit score but want to improve it. What should I do?
- Paying your bills on time
- Paying down your debt
100
How do I find out if I have good credit?
You can request a free copy of your credit report from major credit reporting agencies. Examples (Equifax, Experian, TransUnion) or call toll-free .
100
What is credit? 
an agreement between a lender and a borrower
100
Can your parent help build your credit?
Yes. Add a minor as an authorized user on credit card, to help them build credit history and age before ever applying for a loan.
200
What Factors Affect My Credit Score?
-Payment history
-Length of credit history
-debt
200
What Is the Average Credit Score?
682
200
What Are Credit Scores Used For?
Decisions on whether to offer you a mortgage, credit card, auto loan, and other credit products.
200
Are Credit Scores the Only Factor for Loan Decisions?
No. Credit scores are the quick Credit scores are the quick medium way for lenders to evaluate borrowers.
300
Does having a credit card help or hurt if I'm trying to build credit?
A credit card allows you to establish and build a record of credit usage
300
How Often Is My Credit Score Updated?
- Payments
- Changes to an account balance
- Increases or decreases in your outstanding debt
- New credit inquiries
300
Should I Close My Old Accounts?
This may actually hurt your score, as it diminishes both your credit history length .
300
Will maxing out your credit card hurt your score as long as you make your payments on time.
It will. If you do carry a higher balance on your card, you might appear to be struggling financially and that makes you a bigger risk.
400
What if I'm not planning to apply for a loan? Does my credit still matter?
Yes. You see, Your credit history can come into play in other areas of your life. Like property rental agencies, mobile phone companies, insurance companies, and employers can all use credit reports.
400
What if I know my credit score but I don't know what the number means?
The major credit scores, ranges from 300-850, and a score of 720 or higher is considered very good.
400
Can My Credit Report Have Errors?
Yes. Despite their importance, credit reports can unfortunately have errors.
400
Can I Get a Loan or Credit Card With Bad Credit?
You can find loans and credit cards even if your credit needs a little help. However, the lower your credit score, the less your options may be.
500
Does It Cost Me to Have a Lower Credit Score?
Yes. Lower credit scores imply a higher risk to a lender.
500
Who Determines Credit Scores?
Credit scores are often calculated by three main agencies
500
Why Don’t I Have a Credit Score?
If you are a new graduate or someone who has never had a credit card, student or car loan, you may not have a credit score.
500
What is credit utilization?
Credit utilization is the percentage of your overall available credit that you’ve borrowed.