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Credit Scoring (Part 10 of 20)
July 18, 2022How One’s Age Affects a Credit Score Is it possible for a younger person to have a high credit score, say above 720? Yes, it is possible, but if you are under 29, chances are high that your credit score is around 635, which is the average credit score for those between the ages of […]
Credit Scoring (Part 9 of 20)
July 15, 2022How Credit Cards Affect Your Credit Score Credit cards can affect your credit score in both positive and negative ways. Officially closing a credit card account will lower your credit score because it (1) might reduce the length of your credit history, which accounts for 15% of your credit score, and it (2) lowers the […]
Credit Scoring (part 8 of 20)
July 11, 2022Mortgages and Credit Scores Research has shown that there is a strong correlation between credit scores and repaying debt. The higher a person’s credit score, the more likely they are to pay the debt. For example, consider the following statistics: Those with credit scores below 500 are about 85% likely to be at least 90 […]
Credit Scoring (part 7 of 20)
July 5, 2022Mortgages and Credit Scores How would you like to pay $170,000 more than you had to for a house? Most Americans do not realize how much a low credit score is costing them, particularly when it comes to mortgage loans. The table below shows the average interest rate one would pay for a mortgage loan […]
Gold Jewelry Buying Guide (part 3 of 3)
June 20, 2022Gold Jewelry Buying Guide This brief review of gold jewelry will assist you with making your first gold jewelry purchase. Even if you are an avid collector and investor in gold jewelry, this may provide a nice refresher on the topic. And congratulations on your new gold jewelry purchase. We at Jewelry Outlet are here […]
Credit Scoring (part 6 of 20)
June 13, 2022Factors that Raise or Lower Your Credit Score Credit history. Older borrowers definitely have the advantage when applying for credit since they have a longer credit history. Having a brief credit history is a disadvantage and can lower your credit score, but it is not a significant factor. If it were, few young people would […]
Credit Scoring (part 5 of 20)
June 9, 2022Factors that Raise or Lower Your Credit Score Maxing out credit cards. It is better to carry small balances on two credit cards than it is to max out one credit card. Try not to use up more than 25% of your available credit on any one credit card in order to improve your credit […]
Gold Jewelry Buying Guide (part 2 of 3)
June 6, 2022Gold Jewelry Buying Guide This brief review of gold jewelry will assist you with making your first gold jewelry purchase. Even if you are an avid collector and investor in gold jewelry, this may provide a nice refresher on the topic. And congratulations on your new gold jewelry purchase. We at Jewelry Outlet are here […]
Credit Scoring (part 4 of 20)
May 23, 2022Factors that Raise or Lower Your Credit Score There are not a specific set of steps you can take to improve your credit score because there are so many different variables that make up one’s credit score. To illustrate this, consider the following: Opening up several new credit card accounts will raise one person’s credit […]
Credit Scoring (part 3 of 20)
May 19, 2022When you apply for a mortgage loan, the lender will pull all three credit scores and your mortgage loan interest rate and whether or not you are approved for the loan at all will be based on the credit score in the middle. For example, if your three credit scores are 750, 720 and 680, […]