How long youve had credit affects your score. But paying on time and not using a lot of your limit matter more. The products shown on this page are mostly or entirely from our advertising partners. They pay us when you click on one of their links and then do something on our site. However, … Read more
Buying a home is one of the biggest purchases you can make. One of the first steps in the process is to get preapproved for a home loan. Mortgage preapproval may seem straightforward, but there are some considerations to be aware of. Most importantly, loan preapproval is not a guarantee. Preapproval means that you meet … Read more
For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent. For credit scores that range from 300 to 850, a credit score in the mid to high 600s or above … Read more
There are companies that will charge you for your credit score, but you might be able to get one for free from your credit card company, another lender, or a non-profit credit or housing counselor. You actually have more than one credit score. Credit scores are calculated based on the information in your credit reports. … Read more
Most approved borrowers have credit scores of 661 or higher, but there is no set score to get an auto loan. Having a credit score below 660 could make it harder and more expensive — though not impossible — to finance your car. Here is what you need to know about auto loan credit scores … Read more
Hey there, friend! If you’ve landed here, chances are you’re wondering, “Do Cabot buy debts?” Maybe you got a letter from Cabot Financial outta nowhere, and now you’re scratching your head about what’s goin’ on with your old credit card bill or loan. Don’t worry—I’ve got your back. We’re gonna dive deep into who Cabot … Read more
Factors including low credit scores and minimal credit history can lead to low credit limits. Improving credit scores can mean higher limits. There are a few reasons why a credit card company or other lender might give you a low credit limit. Some of these are your income, your credit history (or lack thereof), and … Read more
Theres not a one-size-fits-all solution for the number of credit cards a person should own. However, its generally a good idea to have two or three active credit card accounts, in addition to other types of credit such as student loans, an auto loan or a mortgage. Just remember: The number of credit cards you … Read more
You already know your credit scores matter when you apply for a credit card, make a major purchase like a home or car, or apply for a loan. But did you know that your credit history can affect your chances of getting a job or an apartment? Here are 4 ways that your credit history … Read more
The phrase “use it or lose it” is a good one to keep in mind when it comes to credit card habits. You can improve your credit score, avoid fees, keep your account open, and even get great rewards if you use your card often. This is a good start; just ask yourself (or us!) … Read more