October 28th, 2010
**Welcome to Do Today Thursdays here at Credit Karma Bootcamp: Your 31-Day Credit Health Plan. Every week, we’ll cover the 3 most useful moves to do now for your specific credit score range.**
The average Joe and Jane with excellent credit has a sky-high Credit Karma credit score of 720 or higher. Lenders and issuers treat these consumers as the cream of the crop—premium rates, access to best financing options and offers, approval on almost all credit cards, and extra leverage when negotiating terms.
Joe and Jane are the best kind of customers, so lenders and issuers will go extra lengths to get and keep their business. An excellent credit score reflects a very healthy credit report, which may be checked by potential employers, landlords, utility providers, cell phone providers, and more.
32% of Credit Karma consumers fall in the excellent credit range of 720 and above, and less than one percent have a credit score above 800. If you fit this credit profile, congratulations! You’ve achieved elite credit-score status, so you must be credit-conscious, vigilant, and alert to keep it that way.
Excellent credit consumers can lose their top-notch credit due to careless mistakes. The higher your credit score, the more points you lose when you commit a negative action (one of the tricky rules of credit). A maxed out card can cost you 45 points, a 30-day late payment as much as 125 points, and say goodbye to good credit with a bankruptcy that can cost you 240 points, as we reported before. Don’t let a good thing slip away—keep an eye out on these 3 biggest mistakes to avoid.
October 26th, 2010
With the housing market on crutches, a national foreclosure fiasco, and credit still tighter than a drum, your dream home may feel like its at an impossible reach. Think again.
Guest post from LearnVest!
October 26th, 2010
Even with low interest rates, there are steps you can take before and after your acquire your loan that make sure your interest rate and your credit score are the best they can possibly be.
Guest post from DoughRoller blog!
October 22nd, 2010
Think of this as your cheat sheet or Cliffs Notes for better credit fitness.
You can spare the next 6 minutes reading through and picking up what could possibly be a million dollars-worth (think of all the money you’ll save with better credit!) of our best of the best financial tips from CK Bootcamp.
October 21st, 2010
At this level in the credit score game, it isn’t a game of chance whether or not you’ll earn excellent credit—it’s a matter of time.
You have your basic good credit behavior nailed down—now take these 3 strategies to put you on the fast track to excellent credit.
October 20th, 2010
There are some unexpected facts many consumers don’t know about credit use.
Even if you know all the basics of using and building good credit, if you want to master your personal path to a better credit score, you need to know these 4 tricky rules of credit...
October 19th, 2010
With gas prices flirting above the $3.00 mark in some areas and a 9.6% unemployment rate forcing many consumers to pinch pennies, owning a car can burn a big hole in your pocket. Check out 10 ways to put saving money on your car in cruise control.
October 18th, 2010
Before you find yourself unexpectedly drowning in your own home situation, protect yourself now by doing what you can to save money on your mortgage. It’s not just chump change; we are talking potentially tens of thousands of dollars over the life of your loan.
Spend the next 5 minutes to potentially save thousands on your mortgage.
October 15th, 2010
Everybody and their mom has an opinion on how you should handle your personal finances. My opinion, as a young and intelligent (read: geeky) girl, is to let intelligent software tools, like various web and mobile apps, help you best manage your money.
October 14th, 2010
The Average Joe or Jane with fair credit has a Credit Karma credit score in the mid 500s to the mid 600s. The good news is that for lower credit score ranges, its easier to add points to your score with the right actions. Stick to these key three good credit habits over an extended period of time, and you'll turn your credit score around to good credit.