Credit card debt is expensive and potentially bad for your credit score. The most cost-effective method for paying it off is typically the debt avalanche strategy.

Mercury reports that business credit scores may not improve despite timely payments due to factors like report monitoring and account diversity.

Still, 44% of BNPL users worry about how these loans could affect their credit score — and with good reason. Credit scoring agencies are beginning to factor BNPL payment history into their models.

Of those who plan to use a credit card for holiday spending this year, 52% don't expect to pay off the full holiday debt when the bill arrives, according to a survey from the Association of ...

(Bloomberg Businessweek) -- The credit score that helps determine the biggest financial decision in most Americans’ life—their mortgage—is controlled by an exclusive club. In July, Bill Pulte, who ...

The credit score that helps determine the biggest financial decision in most Americans’ life—their mortgage—is controlled by an exclusive club. In July, Bill Pulte, who leads the Federal Housing ...

Starting Nov. 15, Fannie Mae is eliminating its 620 minimum middle credit score requirement for purchase and refinance home loan credit decisions. Fannie is following Freddie Mac’s lead from several ...

For years, rival executives have been fighting behind the scenes over who controls the most important number in every American’s financial life: their credit score. Now, a $10 fee has tipped the sides ...

Gen Z has experienced the largest credit score decline of any age group, according to a FICO report. The resumption of student loan payments, high inflation and a tough job market are key factors ...

The last time the Federal Reserve cut the federal funds rate was on Sept. 17 when the benchmark rate was reduced by a quarter point. The Fed cut rates three times in 2024. The average 30-year fixed ...

When it comes to credit scores, having student loans can be a blessing or a curse, depending on how borrowers manage the debt. If you graduated from college with minimal or no student loans, count ...