FICO Credit Score 101: Length of Your Credit History

This post is part of a continuing series on understanding your FICO credit score, where we delve into detail to explain each component of your credit score calculation.  In the first two parts of this series, you learned that payment history and amounts owed have the largest bearing on your FICO credit score. In this post, you’ll learn about the next largest factor in your FICO score, the length of your credit history.

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FICO Credit Score 101: Amounts Owed

This post is part of a continuing series on understanding your FICO credit score, where we delve into detail to explain each component of your credit score calculation. In the first part of this series, you learned that payment history has a huge impact on your FICO credit score. In this post, you’ll learn about the next largest factor in your FICO score, the amounts you owe across your various credit accounts.

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Credit cards offer Many Benefits Over Debit

Why Do I Need a Credit Card?

Some personal finance experts spend a lot of time and energy trying to prevent us from using credit cards – with good reason. Credit Cards are often misused and abused, and credit card debt can be devastating to your financial future. But when used responsibly, you’ll find you are much better off paying with credit than with debit.

While debit cards are an easy-to-use and convenient payment tool, there are several benefits to reaching for a credit card next time you are at the register. Here are our top reasons why the type of plastic in your wallet truly does matter.
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