Browsing Tag

FICO score

credit card
Frequently Asked Questions Importance of Credit

How to Be a Responsible Credit Card Holder

September 9, 2016

Getting a credit card for the first time can be exciting and nerve-racking. You may have questions like: Should I pay the minimum balance on the statement, or the entire balance? What happens if I miss a payment? What is APR anyway? How does my credit card use impact my credit score? You likely have many questions our team members have heard before from other customers when they first received their credit cards. That’s why we decided to create this handy guide for first-time credit card holders. Become a smarter credit card user! Read important information you need to know about your new credit card.

Read More  
credit score
Importance of Credit

How to Improve Your Credit Score

February 19, 2016

Your FICO® Score provides a quick snapshot of your overall credit health. FICO stands for Fair Isaac Corporation, the founder of the scoring system. The FICO Score is the most used credit score system by lenders. It helps institutions assess how likely you are to repay debt. It can determine whether you get financial assistance and how much the lender will charge you in interest. Your score will range between 300 and 850. The higher the score, the better you’ll look in the eyes of lenders. You should always shoot for a high score. But first, you need to know what to watch out for.

Read More