A credit score is one of the most influential indicators that loan companies take into consideration when evaluating your application. This three-digit number helps the lenders identify your past credit history as well as your ability to pay for new

How Does a Soft Pull Impact Your Credit Score? If you need a loan or credit card, the lender will likely pull your credit report to decide whether or not to approve you. This is also referred to as a credit pull or credit inquiry. It is important

Understanding credit score is important because credit score is part of your life. It includes interest rates for loans, rental applications, and many others. Of course, consumers have an interest in preserving their credit ratings. This often

Introduction Credit scores are a crucial part of your credit status and affect you in all aspects of your financial life including loans, and rentals among others. Therefore, you would prefer to avoid anything that might lead to a decrease in this

It is logical to have a mortgage pre-approved before starting the house-hunting search. Since you're mindful of how much you'll bear to spend on a house, you'll battle the got to buy a conspicuous house you cannot bear. Still, a few buyers stress

Most credit cardholders ask whether it is bad to have a balance and pay their credit card bills in segments instead of paying the full balance every month to the likes of Chase. Having a balance and paying interest, as well as revolving credit from

How Does Overdrawing Affect Credit Score? Overdrawing in a bank account means that you have used your account to withdraw more money than you have in your account. This usually leads to your bank charging you an overdraft fee for the amount that

A common question that many people have is whether they can open a savings account and how this affects their credit score. The short answer is no, and while having a basic savings account is a good idea, just using it does not impact your credit

New bank account: Some individuals are usually concerned with whether opening a new account will affect their credit score. Of course, any new credit such as a credit card or a loan that you apply for can always affect your score. Does opening