If you have a lot of cards, closing a few is unlikely to significantly hurt your credit scores as long as you do so ...

To be eligible for a student credit card, you need to show that your income is high enough to make timely payments. The list ...

Not sure how a FICO score vs. credit score affects you? Find out which one matters most for credit approvals and interest ...

A new study finds that tenants who pay their rent on time can see “significant increases” if the payments are reported to ...

Whether you’re applying for a mortgage, switching utility providers or even signing up for a new mobile phone contract, your ...

Millions of Americans are seeing their credit scores suffer now that the U.S. government has resumed referring missed student ...

You won’t have a credit score if your credit report doesn’t include enough information to calculate one. You must typically have held at least one account for a minimum of six months and an ...

Below, we take a look at how to calculate your credit utilization rate and why keeping yours at 0% may reflect negatively on your credit score. How to calculate your credit utilization rate Your ...

The credit scoring system most lenders use is the FICO system, which references scores between 300 and 850. FICO uses an algorithm with five variables to calculate this score. i Those variables ...

And they're worth listening to. A lot of people are in the dark about how credit scores are calculated. But you shouldn't be. Having that information could help you make smart financial decision ...

What changed that year was the introduction of the FICO score, the first generic credit scoring system. Previously, lenders developed and used their own individual systems to calculate borrowers ...