Common misconceptions about achieving a perfect credit score

Randy has a credit score of 850. According to FICO, the most popular scoring form, this is as good as it gets. However, one line on his credit report said he could lower his utilization rate, so he immediately paid off the remainder of his auto loan in one $6,000 payment, then his score dropped … Read more

Credit card debt prevents nearly 20% of Americans from becoming homeowners

Do not use it on an FNC / FBN digital editor. Only for trusted content. (iStock) As Americans deal with soaring inflation and a turbulent housing market, growing credit card debt is a major barrier to home ownership. Credit card debt prevented one in five or about 18% of those with credit card debt from … Read more

The Fed says it will not cut interest rates in 2023. Markets disagree. Who is right?

font size Marriner S. Eccles Federal Reserve Building in Washington, D.C. Kevin Deitch/Getty Images About the author: Christopher Smart Chief Global Strategist and President of the Barings Institute of Investment, and a former senior official for economic policy at the US Treasury Department and the White House. The US Federal Reserve could not be clearer. … Read more

How to get your credit score above 800 and keep it there

In general, the higher your credit score, the better when it comes to getting a loan. FICO scores, the most common scoring form, range from 300 to 850. A “good” score is generally above 670, a “very good” score is over 740 and anything above 800 is considered “exceptional.” Once you reach that 800 threshold, … Read more

Best No Annual Fee Travel Credit Cards of January 2023

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners, however, our opinions are our own. Terms apply to offers listed on this page. When you’re looking for the best credit cards for your upcoming travel, don’t … Read more

Survey: Almost a third have experienced financial infidelity | credit cards

An early January survey by US News found that 31.9% of respondents had experienced financial infidelity. This represents an increase of two percentage points compared to last year Jan survey About financial betrayal. Financial infidelity occurs when a partner hides or lies about a money-related decision. This could include, for example, one of the partners … Read more

What is a good credit score

A credit score is a number, usually between 300 and 850, that provides a snapshot of a consumer’s creditworthiness. Lenders use these scores to determine whether a potential borrower qualifies for a loan and, in many cases, to determine the interest rate and other terms. By tracking and keeping the score in the good or … Read more

Paying off your credit card debt is a good solution for the new year

Carrying a balance has always been expensive, but it’s especially expensive now. The average credit card interest rate in mid-December was 19.42%, the highest rate since 1992. As the Federal Reserve continues to raise short-term interest rates to stifle inflation, average rates could rise even higher, says Ted Rossman, Credit card analyzer for Bankrate.com, which … Read more