What is a good credit score? There is no standard definition, but credit reporting agency Experian defines “good” credit as a FICO score ranging from 670 to 739. And a fair credit score by that definition includes FICO scores from 580 to 669. You can reap huge benefits when you raise your credit score from fair to good, and we’ll show you how to do that right here.
Add 50 points to your credit score and good things will happen. That sounds great but what does a higher credit score really do for you in dollars and cents? Here’s the answer.
It’s important to pay your bills on time. But everyone is human and makes mistakes. It’s possible you may have let one or more bill reminders slip and failed to pay on time. That can trigger the creditor to turn the matter over to a collection agency so that they can recoup their money. This can negatively affect your credit report. Fortunately, you can work to remove late payment black marks on your credit. The solution may be writing a goodwill letter.
If you want to avoid identity theft, you need to know how to spot it. These tips can help you spot the red flags and protect your ID.
However it occurs, identity theft can threaten your financial well-being and ruin your credit. It can happen to anyone, but particularly those who need to take better precautions.