Horseshoes & Hand Grenades

In general, luck has nothing to do with it.

  • Home
  • About Me
    • PR & Disclosure
  • Food
  • Things I Like
  • A Beautiful Disaster
  • From The Rally Point
  • Holiday Gift Guide

What’s a Credit Score, And How Can Life Be Improved With Good Credit

January 12, 2022 by Alison Leave a Comment

A credit score is a number measured between 300 and 900 that measures the creditworthiness of a consumer. First introduced in 1989 by Bill Fair and Earl Isaac, credit scores provide an unbiased structure for evaluating people objectively. Before credit scores emerged, people could be denied credit for very subjective reasons.

A person’s score is evaluated by a person’s ability to repay a loan. Lenders, such as banks and credit card companies, use credit scores to evaluate the risk of lending money to consumers. If a person has a history of being late on bills or has a lot of debt, they may have a low credit score. This leads to this person being denied a loan, credit card, or insurance.

Having a good credit score can improve your life in a myriad of ways. Consistently paying your bills and credit card statements on time leads to having a higher score. This allows you to get better insurance rates or qualify for a cheaper mortgage rate to buy a home. 

In a recent MyBankTracker survey, it was revealed that 49.7% of millennials don’t own a credit card. And 53% of those aged 18 to 24 said they don’t have a credit card and never applied. For young people entering the world of adulthood, it is of the utmost importance to establish credit – good credit at that. 

If you’re interested in learning about credit scores, please take a look at the following infographic. It details everything you need to know about your credit score and how to boost and maintain it. The infographic provides all the tools needed to attain and maintain an ideal credit score. Check it out below.


Infographic Design By CreditPicks advanced credit repair with Creditpicks

Filed Under: Helpful Hints, Saving $$

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Paid to Shop!!! Sign up now!

Ebates Coupons and Cash Back

About Me

My name is Alison. My favorite color is glitter. I love tattoos and finding ways to simplify life. Life with my husband, two children, five dogs, three cats, and lots of miniature horses is never boring but I still find the time to advocate for brands that I love and share my life, helpful hints, and a laugh or two with my amazing fans! Read More…

Categories

Beauty Blogging Blog Hops & Linky Parties Business Community Service & Charities Contests Disney DIY Entertainment Family Fashion Gift Guide 2014 Gift Guide 2015 Gift Guide 2016 Gift Guide 2017 Gift Guide 2018 Giveaways Healthy Living Helpful Hints Holidays Humor Kids My Life Chronicles Organization Pets Product Reviews Psychology Rally Point Rants, Raves, Reviews Recipes Saving $$ Survival Technology & Gadgets Travel Uncategorized Weight Loss
Follow on Bloglovin

What’s Next?

January 2022
M T W T F S S
« Dec   Feb »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

My Recent Pins

Follow Me on Pinterest 
My Pinterest Badge by: Jafaloo. For Support visit: My Pinterest Badge

More Awesome Stuff!

Fancy A Game Of Golf? Finding The Best Driver

Knowing when to use a driver can be confusing for … [Read More...]

A Relaxing Anniversary Getaway In 2020, Hunmanby Gap

PC If you are looking for a great way to spend … [Read More...]

How To Keep Busy And Make Money In Your Retirement

Just because you happen to have retired, that … [Read More...]

15 Minute Parmesan Baked Cod

Thank you to Alaska Seafood for sponsoring this … [Read More...]

Tweets by @Jewell5022
Mom It Forward: Blogger Network
SoFab Badge
Everywhere

Copyright © 2023 · Lifestyle Pro Child Theme on Genesis Framework · WordPress · Log in