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Having a diverse mix of credit accounts like a car loan and one or two credit cards that you use and pay off helps you score well in this credit score component. New credit (10 percent).
Although the impact of a mortgage refinance on your credit score is usually temporary, you probably want to take steps to avoid the drop as much as possible. Fortunately, there are ways you can ...
While paying your bills on time and maintaining a low balance are well-known ways to help you maintain your credit score, it's less clear how refinancing your mortgage or loan affects your score.
Your credit inquiries get reported on your credit report for two years and, although the effect diminishes over time, every hard credit check counts against you in the credit scoring model.
If you check your credit score regularly -- and you should -- you likely notice that it tends to vary by a few points every month. This is completely normal, and it's just the product of how credit...
A good credit score shows potential lenders — including landlords — that you are financially responsible. Credit scores range from 300 to 850. A credit score of 700 or higher is considered ...
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