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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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Our Banking courses are designed to educate consumers on all aspects of banking. It includes basic topics on choosing a bank, learning the differences between banks and credit unions, properly ... |
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The Securities and Exchange Commission was not seeking a blanket exemption from public information laws, when it asked Congress to include a little known provision in the Wall Street reform law, the agency said in a letter to lawmakers Friday.
As many Americans seek ways to save, people who lived through the Depression tell stories of life without luxuries.
AP - Brothers Charles and Sam Wyly, born a year apart during the Great Depression, almost always have been joined at the hip.
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