On March 27th, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion package intended to inject the economy with much-needed funds.
Most of you are aware of the CARES Act by now, and familiar with the stimulus checks that are (supposed) to be mailed out to tens of millions of Americans soon or ...Continue Reading →
- Credit card debt is at an all-time high – and still on the rise.
At the end of Q4 of 2018, the Federal Reserve Bank of New York announced that U.S. personal credit card debt hit the $870 billion mark. Not only do they expect that number to hit $900 billion in 2019, but it also marks the highest level ...Continue Reading →
By now, you’re probably aware that credit scores range from about 300 to 850 (for FICO Scores), where your score sits on that spectrum, and even what’s typically considered a poor, good, or excellent score.
But what you might not realize is that the range of credit scores (and where you sit on it) isn’t as set in stone as ...Continue Reading →
FICO is the preeminent credit reporting service in the United States, with 90% of all lending decisions in the United States dictated by FICO every single day. While there’s a lot of useful information about FICO (including our recently-published eBook), one aspect of credit reporting and scoring still creates some confusion: inquiries.
So ...Continue Reading →
I recently came across a report issued by FICO, the preeminent credit scoring agency in the world, entitled “Understanding FICO Scores: What you need to know about the most widely used credit scores.”
In order to further educate you about FICO and how you can keep a great credit score, today I’ll summarize some ...Continue Reading →
If credit is a challenge for you because of a lack of established tradelines and accounts, a big help will be coming next year, thanks to FICO.
According to the nation’s preeminent credit reporting firm (of the Fair Isaac Corporation), U.S. consumers will benefit from a new and different kind of credit score that will particularly ...Continue Reading →
Residents of Las Vegas and Nevada are known for many things, including hosting millions of tourists, gamblers, and vacationers every year to the ‘Vegas Strip. But Nevadans are now known for another, more auspicious, reason: mismanaging their finances.
Unfortunately, that’s the ugly truth we find by looking into the wallets of the average Las Vegas or Nevada consumer – a fact that’s ...Continue Reading →
Las Vegas shines bright – except when it comes to credit scores
When the average person thinks of Las Vegas, they may think of the brightly-lit ‘Vegas strip, winning fortunes at the casinos, and partying with models by the pool. Of course, we know that the reality of living in Sin City – or the Silver State – rarely matches that tourist fantasy. One thing that Las Vegas residents AREN’T known for are good credit scores.
In fact, ...Continue Reading →
Did your credit score just go up?!
Quick, go check your credit score. If you’re like millions of Americans, you may see that it’s significantly higher than it was only a few months – or weeks – ago. Even if you haven’t paid off your credit cards, canceled an account you weren’t ...Continue Reading →