Your One Stop for Everyday Friendly Finance Advice
When applying for credit, you may come across the terms “hard credit check” and “soft credit check.” These are two different types of credit checks that lenders use to determine your creditworthiness. It’s essential to understand the differences between them, as they can affect your credit score. A hard credit check, also known as a …
Continue reading “Will Getting a Credit Check Hurt Your Credit Score?”
Believe it or not, it’s not magic! FICO uses a specific weighting scale to put out your credit score. With credit card debt increasing nationwide, and with the highest annual jump in more than two decades of 15%, I can think of no better time to discuss credit than now (1). Why do credit scores …
Continue reading “How is my credit score calculated? I need help!”