Credit Score

The Average Credit Score In America Is Now Excellent

The average credit score in America is now 710 according to Experian. Back in 2019, the average credit score was 703. In other words, during a global pandemic, the average American improved their wealth and their financial health. Not only has the average credit score in America improved, the average saving rate has also improved […]

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The Average Credit Score To Qualify For A Mortgage Is Now Very High

The average credit score to qualify for a mortgage is roughly 760 in 2024, a 60 point rise since the financial crisis in 2008. As mortgage rates increase due to inflation and Fed rate hikes, it’s more important than ever to have a great credit score to get a lower mortgage interest rate. Thankfully, gone

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Should I Ask Someone For Their Credit Score Before Getting Into A Serious Relationship?

Should you ask someone fo their credit score before getting serious? Such an awkward question! However, being financially compatible is important for a long and harmonious relationship. A very good friend of mine will only marry a woman with at least a Master’s degree from a top 25 school. Given less than 10% of the

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How To Improve Your Credit Score To 800 And Higher

This post will teach you how to improve your credit score to 800 and higher. You should always try to improve your credit score in order to get the lowest borrowing rates. A high credit score will also give you greater access to loans. I’ve been writing about personal finance on Financial Samurai since 2009

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How Much Will A Foreclosure Hurt My Credit Score?

If you are one of the millions of people considering foreclosure or a short sale, you need to read this post first and understand all the consequences before proceeding. A foreclosure will hurt your credit score. The question is: how much will a foreclosure hurt my credit score? How much a foreclosure will hurt your

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Will Marrying Someone With Bad Credit Hurt My Credit Score?

Have you ever wondered will marrying someone with bad credit hurt my credit score? If so, great job thinking about your financial future together with someone new. The short answer is: No, in the short run. However, in the long run, your credit score may be hurt if you aren’t careful. Love is love. Ever

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A Correlation Between The Number Of Credit Cards One Has And Net Worth

I believe the ideal number of credit cards is three or less as stated in my post, “How Many Credit Cards Is Too Many?” One of the main reasons for having three or less is so that you don’t spend too much time chasing after rewards points. Once in a while is fine, but there is

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Yes, You Need A Credit Report AND A Credit Score To Rent An Apartment!

Looking to rent an apartment in a hot market? You need a credit report and a credit score to be considered by landlords. I’ve been a landlord since 2005 in San Francisco and I always ask for a credit score and a credit report. These two pieces of information are basic. The Competitive Rental Market

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