Before granting you a credit card, personal loan, auto loan, or mortgage you will go through a credit check to determine your credit rating. This is known as a hard inquiry. They can affect credit score and this is why it is good to know how much
The effects of late payments on credit score: How long does it take? A credit score is one of the most important aspects of financial life. It ranges from loan interest rates to rental applications and many others. That is why it is crucial to work
Hard inquiries can remain on your credit report for up to two years, but they don’t have a direct impact on your score. The lender will do what might be seen as a hard credit check every time you apply for a new line of credit, credit card, auto
Does Your Zip Code Determine Your Credit Score? The location of your residence and the zip code on your address are not controlling features when it comes to your credit score. But there are other ways in which your geographic location can
How does credit card balance transfer impact credit score? Credit cards, especially those that are used frequently, have multiple statements and due dates each month, which makes it time-wasting to try and track all of them. This is why a lot of
How do Student Loans Affect Your Credit Rating? Tuition fees have evolved into a highly significant obligation for many students and their families. Student loan debt has become a large problem that has grown to over $1.7 trillion across the United
How Does Soft Credit Check Influence Credit Scores? When you are applying for a loan, credit card, or even an apartment, they will pull your credit report to evaluate how much of a credit risk you may pose. These types of credit checks are referred
Is Rocket Mortgage a Credit Pull? Whenever you apply for a mortgage, the lending firm will pull your credit report to decide whether you qualify for a home loan. When you apply for more than one mortgage within a short period, your credit scores
Is Opening a Checking Account Good for Your Credit Score Most individuals do not think twice about how a new checking account may affect them, mainly when they are opening one. For instance, a checking account lets you deposit money and withdraw