Simply put, building credit doesn’t happen overnight. While it’s good to focus on your score as a representation of how your credit profile stacks up, the truth is that even if you’re doing everything right, it takes time to build up your credit profile and your score.
In all likelihood, whether you’re rich or not, it will make sense to borrow money throughout the course of your life. Whether that’s to buy a car, buy a house, or even pay for education. Even if you have lots of cash, it often doesn’t make sense
If you see a big drop in your credit score, the first thing to check on is missed payments. Your payment history is one of the biggest factors in your credit score, so if you miss a payment (with Fizz, that’ll be if you miss a payment and don’
This is completely normal and is due to the fact that you typically need at least six months of credit history before you can see your score. Even if you’ve been an authorized user on someone else’s account for a while before getting a Fizz card, you still
If you talk to college students, most of them know that they should get a credit a card and start building credit at some point. But there isn’t much consensus around when they should get a credit card and start building credit. As a result, most college students end
As a college student, getting a credit card can be a great way to start building your credit history and prepare for financial independence. But getting denied for a credit card is extremely frustrating and discouraging. Credit card denials often come with no substantive means of explanation, making things even
According to a recent study, Gen Zers are racking up credit card debt at nearly three times the pace of everyone else. Rising inflation is certainly a key factor, but a general lack of personal finance education and easy-to-use financial products also have an impact. With a traditional credit card,
Let’s start with the basics. APR stands for annual percentage rate and is used to calculate how much you’ll pay to borrow money - whether that’s in the form of a student loan, a mortgage, a balance carried on a credit card, or a different type of
Credit scores can be confusing, especially since there isn’t one single way of understanding your score. While high scores are certainly better, you don’t need to have a perfect score of 850 to be financially healthy. Similarly, there isn’t one specific threshold that makes your score go
The more different types of credit you have, the better your “credit mix” is. In theory, lenders like to see that you have multiple types of credit and that you’re able to balance them responsibly. It all connects back to the idea that your credit score is a representation
With a traditional credit card, you spend all month and then the card company sends you a bill. You typically have about three weeks to pay at least the minimum payment stated on that bill. If you don’t make at least that minimum payment before three weeks is up,
It’s no secret (especially here at Fizz) that your credit score is an incredibly important thing. It can determine where you’re allowed to live, what you’re allowed to drive, and even where you’re allowed to work. You’re most likely aware of the obvious pitfalls that