Thanks to the popularity of our post, “3 Things You Might Not Know About Credit Scores,” we’re once again clearing up some misunderstandings about credit scores. After all, that’s what we do best. Here are three more things you might not know about credit scores.
We’ve all heard the typical advice for a healthy credit score: Pay your bills on time. Don’t max out your credit cards. Don’t close your oldest accounts. But the problem is, this advice is just that: typical. And most actions that lead to great credit health, like making on-time payments, take months or even years of patience.
We asked our Facebook community to share their biggest credit questions. Justine, Credit Karma’s resident Credit Advisor, chose two questions to answer today.
We’re on a roll in the “Ultimate Guide to Credit Karma” series! First, we covered Credit Karma’s free Credit Report Card and how it gives you insights into which factors are influencing your credit score. Then we moved on to My Accounts, which lists your individual credit lines on your credit report. Today, we’ll cover Credit Karma’s free Credit Simulator, which helps you understand how certain financial actions could impact your credit score.
We asked our Facebook community to share their biggest credit questions. Justine, Credit Karma’s resident Credit Advisor, chose three questions to answer today.
If credit scores were a subject in school, we here at Credit Karma would ace every test. We spend our days reading up on new credit legislation, updating you on the new credit score rules, and obsessing over credit card rewards. When it comes to writing about credit scores on the Credit Karma Blog, we focus on clarifying credit misunderstandings.
The Consumer Financial Protection Bureau (CFPB) recently announced its latest efforts to supervise two major aspects of the financial industry): oversight of large debt collectors and credit reporting agencies.
