It makes sense for your credit report to contain old credit account information or even loans you settled years ago. But, sometimes, you might be surprised to find old or inaccurate addresses. Don’t worry – most people often find themselves in this situation. So, why do old addresses appear on credit reports? Your creditors usually report your addresses and other credit information to credit bureaus that update your credit report. This means...
Credit Monitoring & Fraud Protection
With MyScoreIQ, you get more than just your FICO® Scores. We give you peace of mind with industry-leading credit monitoring, financial fraud protection, identity theft insurance underwritten by AIG, and tools to help you build your credit.
When Is Debt Relief Necessary?
Are you drowning in debt, struggling to keep up with payments? Debt relief can be a lifeline. But what exactly is debt relief? When is debt relief necessary? This article explores what debt relief is, the signs that you might need it, and the different options available to help you manage and reduce your overwhelming debt burden. We cover credit coaching, debt consolidation, settlement, and even bankruptcy, so you can find the strategy that...
Why Credit Monitoring is Essential for Veterans
Veterans and service members face unique challenges, especially when it comes to credit health. Strong credit is essential, as it affects access to important needs like housing, loans, and a secure financial future. Credit monitoring helps veterans and active duty service members overcome these challenges by offering early detection of credit issues, helping them to manage their finances and protect their financial well-being. Common Credit...
What Happens If You Go Over Your Credit Card Limit?
Trying to keep your spending under your credit card limit can be stressful. Sometimes, using up almost all of your available credit might be necessary. But what happens if you go over your credit card limit? Credit cards are crucial for managing daily expenses and building credit history. However, many people find themselves financially strained, teetering on the edge of their credit limits. All credit card holders should be aware of the...
How to Improve Your FICO® Auto Score
Looking to buy your dream car? Having a strong credit score is an important early step in the process. Your creditworthiness determines the terms of your auto financing, making it crucial to understand how to enhance and maintain a strong credit profile. The most popular scoring model lenders use for car purchases is the FICO® Auto Score, which measures how likely you are to repay car loans. This comprehensive guide helps you navigate the...
Does Debt Relief Hurt Your Credit?
Are you struggling with debt, overwhelmed by multiple payments? You're not alone. Many people find themselves in this situation, and debt relief programs may seem like a tempting solution. But before diving in, a critical question emerges: does debt relief negatively affect your credit? This guide unpacks the different debt relief options available, their short-term and long-term effects on your credit, and alternative strategies to consider...
What is Financial Literacy and Why is it Important?
Financial literacy is an essential skill for navigating modern life. Whether you’re managing day-to-day expenses, building your credit score, planning for retirement, or learning to invest, understanding how money works is critical. Yet, many people still lack the knowledge necessary to make informed financial decisions. This guide explores what financial literacy is, its core components, and why it's crucial for everyone to improve their...
Why Are There Multiple Names on My Credit Report?
You might be surprised to see multiple names listed when you get your credit report. In most cases, you don’t need to worry. In fact, there are often multiple names listed on a credit report. So why is this the case? There are several reasons why you might have multiple names on your credit report. In this post, we share more about why there may be multiple names on a credit report and what to do if a wrong name on your credit report is...
What Happens if You Miss a Mortgage Payment?
Making your mortgage payments on time is crucial to keep up with your loan, build credit, and stay in your home. But what happens if you miss a mortgage payment? A single missed mortgage payment could result in late fees and negatively affect your credit, and multiple missed payments could cause you to lose your home in foreclosure. Key Takeaways Missing a mortgage payment can result in late fees and negatively affect your credit score. ...
10 Budgeting Tips for Millennials
Budgeting is the cornerstone of financial health, providing individuals with a roadmap to manage income and expenses effectively. In today’s economy, mastering the art of budgeting is practical and essential for achieving financial stability and meeting your goals. Continue reading to learn budgeting tips that can empower you to take charge of your finances and build a solid foundation for economic success. Tip 1: Track Your Expenses...