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Other than winning the lottery, it is impossible to obtain financial freedom without a financial budget. Developing and living by a budget allows you to track your income as well as your expenses.... |
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Democrats pushing for health care reform are closer to the finish line than ever, but it's not over yet. And the question of cost will remain a central issue in coming days.
As many Americans seek ways to save, people who lived through the Depression tell stories of life without luxuries.
Hate the mess your home has deteriorated into but you don't have the time or means to do a comprehensive redecorating job? Or maybe it's time to sell your place, but you don't know how to show it off to best effect?
What is a Credit Score?
Most lenders use credit scores to determine your credit risk. Consumers have three credit scores, one for each of the three credit bureaus: Experian, TransUnion, and Equifax. Each score is based on information the credit bureau keeps on file about you, which is submitted by your creditor(s). Your credit score changes as the information on file changes.
Your credit score is determined based on the following categories:
- Payment History (timeliness of payments on accounts)
- Amount owed (outstanding balances on accounts)
- Length of Credit (how long you have had credit)
- Types of Credit Used (revolving, installment, etc.)
- New Credit (recent accounts or credit inquiries)
The ranges for credit scores are as follows:
- 760 - 850 - PERFECT
- 700 - 759 - Good
- 650 - 699 - Average
- 620 - 649 - Mediocre
- 350 - 619 - Major Problems