Because of the COVID pandemic, each week, you’re able to access AnnualCreditReport.com to obtain three free credit reports (one from each of the three major credit bureaus, which are Experian, Transunion, and Equifax). The three bureaus initially intended to provide the service until April of 2021, but it was extended…
The amount of credit that you need is just that. It’s the amount of credit that you personally feel that you need. The amount is not the same for everyone as every person’s financial goals and plans are different. For instance, if you only intend to use credit as a…
A perfect credit score is generally not required. In fact, almost every lender has their own set of underwriting terms that include other factors aside from credit score. So, even if you’ve achieved a perfect credit score, it’s possible that you could be declined for credit if you don’t meet…
When you close an account or tradeline, you retain the age of that tradeline for 10 years. But, you could still be negatively impacted by a closed account. For instance, closing a credit card will result in a higher utilization rate due to the credit limit from the closed…
Your middle score is typically used by mortgage lenders when determining your mortgage eligibility. To obtain your middle score, your lender will obtain a credit score from each of the three major credit bureaus (Experian, Transunion, and Equifax). Of those three scores, your middle score is the second-highest (middle) score.…