A Snapshot of Credit Card Debt by State in 2019
Total debt and the number of delinquent accounts are both climbing. We look at average credit card debt by state and offer tips to eliminate debt...Read full article
Category: Credit Score
Take the right steps to boost your credit score and maximize your borrowing power.
A good credit score means everything in your financial life. If you want to buy a home or finance other purchases like your next car, you need good credit. Your score matters for renting anything from an apartment to a rental car for your vacation. It’s critical that you understand how scoring works and what steps you can take to achieve the best credit possible.
These articles help you stay up-to-date on the latest credit trends and scoring changes. If you’re looking for more information about your credit, from reporting to scoring, visit our Credit Guide.
New UltraFICO™ Score Could Make Rebuilding Your Credit Easier
Challenges with credit card debt can often lead to credit score damage, but the new UltraFICO™ score could help you rebuild faster after debt repayment...Read full article
New Security Clearance Credit Check Rules Impact Many Military Service Members
New security clearance credit check rules from the Department of Defense make it more critical than ever that Service Members actively monitor their credit...Read full article
Is There a Tie between Student Loans and Credit Health?
Is there are correlation between student loans and credit health? A new FICO study suggests that although student loan borrowers don’t always have bad credit scores, having student loans may make overcoming financial challenges much harder...Read full article
Don’t Play the Credit Card Balance Shuffle
Trying to game the credit system to achieve a higher score can seem like a great idea, but one wrong move could land you in a heap of credit card debt...Read full article
Do You Have More Credit Knowledge than These Millennials?
LendEDU finds that Millennials have some interesting (and wrong) thoughts about how credit scores work. Is this lack of credit knowledge a recipe for debt?..Read full article
How Many Credit Cards Do You Have?
In answering the question, “How many credit cards do you have?” the real question should be, “Do you have one card too many?” Find the answer here!..Read full article
Credit Report Changes 2017
The credit bureaus make significant changes to the VantageScore model. What do these new credit score changes mean for borrowers who are repaying debt?..Read full article
Are You Looking at the Right Consumer Credit Score?
A new $3 million CFPB penalty against Experian reveals the difference between a consumer credit score that lenders use and your “educational” score...Read full article
Research of the Week: Keeping Up with the Jones’ Credit Scores
WalletHub released this year’s best and worst cities in America based on credit scores. How does your credit score compare to your neighbors?..Read full article
Bad Consumer Credit Delays Recovery
Bad consumer credit caused by negative public records such as foreclosure actions issued during the Great Recession may still be holding people back...Read full article
Credit Score Rebound
As penalties from foreclosures and short sales executed during the Great Recession expire, many consumers see their credit scores rebound significantly...Read full article
Can Poor Credit Drive You Crazy?
Your poor credit score may be costing you more and that’s not just due to higher rates on credit cards and loans. Even insurance premiums may be higher...Read full article
Subprime Auto Loans Hit a Ditch
Nearly five out of every 100 subprime borrowers is 60 days or more behind with their auto loans. We help borrowers create a strategy to help catch up...Read full article
Want Better Credit? Check Your Score.
Just the act of checking your credit score makes you more aware of where you stand so you know what you need to do to achieve good credit...Read full article
Employment Credit Check Conundrum
More and more states are restricting employer credit checks as an unfair practice for job candidates hit by the Great Recession. Check out our map...Read full article
Credit Score Obstacle to Homebuying
A low credit score may not be as much of a roadblock to buying a home as you might think. A good credit building strategy can get you there within the year...Read full article
Achieving the American Dream
With the help of Consolidated Credit, Maria Altamirano was able to eliminate her high interest credit card debt to become a first time homebuyer...Read full article
Greatest Generation?
You might think America’s youngest generation would be worse with credit, but it turns out they’re savvier about both credit reports and credit scores...Read full article
Renters vs. Owners
A study looks at the debts and debt problems of property renters versus homeowners. Is there a correlation between mortgage holders and financial stability?..Read full article
Credit Card Use across America
We look at credit card use by state throughout the U.S. to see which consumers are using credit the right way and who is headed for financial distress...Read full article
Mad About Maxing Out
Roughly 56 percent of Americans are using more than 2/3 of their available credit lines, meaning trouble down the road with high interest credit card debt...Read full article
Credit and Debt by Generation
Debt and credit score tend to increase as you get older, but a new data study from Credit Sesame finds millennials have higher credit utilization ratios...Read full article
Credit Score Shangri-La
Experian reveals the best and worst cities in the U.S. by consumer credit score. We offer residents in the worst advice on working towards better credit...Read full article
