The FICO credit score is a tool for lenders to measure the credit worthiness of potential borrowers. Several factors go in to calculating this score, including payment history, amount of debt, length of credit history, types of credit, and number of inquiries from other possible lenders. As you can see, calculating a FICO credit score and qualifying for credit depends on people actually using credit and building a history. But Read More
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10 Tips for Building Credit as a Young Adult
The financial independence you get as a young adult is both exciting and challenging. For many young people, living on their own and choosing how to spend money can be a rush. A big part of financial independence is building good credit. Good credit will help you qualify for loans, auto insurance, rentals, cell phone plans and so much more. It can even affect whether or not you get a Read More