What is a credit score
This number indicates your likelihood of repaying debts.
What is creditworthiness?
The biggest factor of your credit score.
What is payment history?
A time when borrowing is smart.
What is education, home, medical, business, or unexpected expenses?
How often you should check your credit report.
What is once a year or more often?
What having a thin file means.
What is having very little credit history?
This is the typical range for FICO credit scores.
What is 300 to 850?
This is the ideal credit utilization ratio.
What is under 30%?
An example of good debt.
What is a mortgage?
What a soft inquiry is.
What is a credit check that doesn’t impact your score?
One problem caused by a thin file.
What is being denied for loans?
These are the three major credit bureaus.
What are Experian, Equifax, and TransUnion?
What new credit inquiries do to your score.
What is a temporary dip?
A risk of borrowing too much money.
What is getting trapped in debt?
One free way to access your credit report.
What is Annual Credit Report?
One way to build credit without a credit card.
What is using a secured credit card?
One reason why a lender checks your credit score.
What is approving for a loan?
Why having different types of credit matters.
What is showing you can manage credit?
Why borrowing for wants is risky.
What is borrowing for non-essential purchases?
What to do if you spot an error on your credit report.
What is dispute the error immediately?
How becoming an authorized user can help.
What is getting added to someone else’s card?
How a missed payment impacts your score.
What is lowering your score significantly?
How long should your oldest credit account stay open.
What is as long as possible?
A situation where borrowing can ruin your finances.
What is borrowing without a repayment plan?
One way to quickly boost your score.
What is paying balances quickly?
A loan option that helps people with thin files build credit.
What is a credit builder loan?