Ways to Save Money, Budget, Invest and Retire.
There is a magic number that can mean thousands of extra dollars in your pocket. It tells strangers something about you, but it’s not your income, your monthly spending, or your date of birth. It’s your credit score. It tells credit card companies, car dealers and bankers whether or not to loan you money and […]
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The only fact about what makes a good credit score is that no one actually knows how it is calculated. While the formula is seemingly top secret, there is at least agreement between experts as to what attributes of a credit report lead to higher credit scores. Here is a list of important credit attributes that we believe […]
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It is greatly debated as to what risk category a credit score falls under. The credit rating companies don’t disclose their calculations for credit score and the companies and lenders that use credit scores, generally set their own standards for juding credit scores. For those reasons, there are no set in stone guidelines for classifying […]
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