There are a few reasons why your credit score might change slightly from month to month: Credit utilization Credit utilization is determined by measuring your overall credit limit against the amount on your bill at the end of the month. The bigger the balance, the higher your utilization. While utilization
You're thinking of closing a credit card, but you're not sure what the consequences might be. So what should you do? If you’re thinking about closing a credit card that doesn’t charge an annual fee, try just putting it in a drawer instead. As
When it comes to your credit score, higher is usually better. When you’re just starting out, you probably won’t have any credit score at all. After a few months, you might have one that’s technically classified as “low” or “poor.” But, if you consistently pay your bills
While it’s true that a hard pull can hurt your score a little bit, they’re not that big of a deal. Hard pulls and new lines of credit only account for a small percentage of your score, and they’re very low impact. Plus, hard pulls are typically
On some credit reporting platforms like Credit Karma, your score will update every seven days. But it’s important to remember that any line of credit only reports to the credit bureaus once every 30 days. So if Fizz is your only line of credit, using a platform that updates
When given the opportunity to save a little bit of cash, most people jump at the opportunity. Using coupon codes when you shop online, checking out the sale rack, and signing up for loyalty programs are all easy ways to save a few bucks. Having a great credit score is
When it comes to your credit score, higher is usually better. When you’re just starting out, you probably won’t have any credit score at all. After a few months, you might have one that’s technically classified as “low” or “poor.” But, if you consistently pay your bills
If you’ve ever been curious about credit cards or even just your credit score, you’ve probably heard the term “credit utilization.” Credit utilization goes hand in hand with the concept of a credit line or a credit limit, so before we get started, let’s take a look
There are lots of classic catch-22s in life. You need experience to get a job, and you need a job to gain experience. You lose your glasses, but you need your glasses to keep looking for them. Perhaps worst of all, you need to have credit in order to build
If you can see your score and you’re not happy with it (yet), try not to stress too much either. Building credit takes time, which is why building your score while you’re in college is so important. If you wait too long, you might find yourself in a
The Basics There are a few ways to build a credit score - credit cards and other loans, to name a couple. Any time you borrow money, lenders keep track of how good you are at paying it back. Every month, the lender sends your payment information to the credit
There are a few reasons why you may have been denied for a student credit card. Maybe you have terrible credit from not paying your bills, maybe you’ve filed for bankruptcy. But the most common explanation is that you don’t have enough credit history. And why should you?