10 common credit score myths

Matthew Frankel •
The Motley Fool
Close up hand of woman holding the blank screen of moblie phone and credit card to pay the product shopping online

The FICO credit scoring model is misunderstood by many consumers. There are some popular misconceptions about what actions can boost or damage your score, what’s factored into your score, and how your credit score affects your ability to buy a home or car. With that in mind, here are 10 of the most common credit

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What your credit score is trying to tell you

John Ulzheimer •
The Simple Dollar
old rusty surface with numbers

Have you developed the habit of regularly checking your credit reports and scores? If so, kudos to you. You’re already doing a better job monitoring your credit than most Americans. However, if your focus remains fixed solely on those three-digit scores, you could be missing some valuable and helpful information — your “score factors.” What are

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Three things nobody tells you about your credit

John Ulzheimer •
The Simple Dollar

If you’re like most Americans, you probably learned absolutely nothing about credit as a part of your high school or college education. As a result, many young adults enter the “real” world grossly unprepared when it comes to their credit management skills. This is very unfortunate since credit can have such a profound impact on

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7 habits of people with excellent credit scores

Lisa Gerstner, Contributing Editor, and <i>Kiplinger's Personal Finance</i> •
Kiplinger

Want to improve your credit score? Take a page from the best. People with excellent scores know that following a few basic rules is the key to success. Adopting their habits could boost your score into the stratosphere, opening the door to the best interest rates and terms on loans. And capturing the lowest loan

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Lessons from the credit-score elite

Lisa Gerstner, Contributing Editor, and <i>Kiplinger's Personal Finance</i> •
Kiplinger

Want to improve your credit score? Try taking a page from the best. Credit scorer FICO recently reviewed the profiles of consumers it calls high achievers–those with scores in the 750-to-850 range. Adopting some of their habits could boost your score into the stratosphere and keep it there. The most influential factor is a record

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