Buzz
Whether we like it or not, credit is a big deal. It’s not only about taking out loans for a car or a house. Your credit score can affect your ability to rent an apartment, and even your job prospects, as employers may check your credit history. Bill providers may even charge you more if your credit is less than stellar. The whole system can be overwhelming, so tell us: what do you want to learn about it?
Credit might not be the most thrilling subject out there. In fact, it’s probably one of the most unexciting topics to dive into. Like many personal finance matters, credit tends to be ignored because it feels dull, complex, and frustrating—and that’s when it starts to cause problems. So, in the spirit of getting our finances in order, we’re dedicating the next few weeks to breaking it all down.
Through a series of posts, we’ll walk you through the fundamentals of credit, including how it works and how you can improve your score. We’ll cover topics like:
The distinction between your credit report and your credit score (and why it’s important to understand both)
How to check your credit score and obtain a copy of your report
How FICO calculates your credit score
Simple strategies to raise your score and improve your overall credit health
We also want to ensure we’re addressing the questions that matter most to you. So, let us know: what do you want to learn about credit? No question is too basic or too detailed, so feel free to ask anything. Drop your question below, and keep an eye out for our first post on this subject coming Friday.
