Understanding the Difference Between Hard and Soft Credit Inquiries

Understanding the Difference Between Hard and Soft Credit Inquiries

Applying for credit can be a daunting process. From finding the right credit card or auto loan to filling out a mortgage application and waiting for approval, obtaining new credit takes time, careful consideration, and patience. Each time a lender accesses your credit score to make a decision, you run the risk of damaging your creditworthiness. That's why it is important to understand how credit inquiries can affect you before hitting "submit" on any credit application. So what is a credit inquiry? According to myFICO.com, a credit inquiry is a "request by a 'legitimate business' to check your credit....

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See How an EMV Chip Card Protects You

See How an EMV Chip Card Protects You

Goodbye traditional credit cards, hello chip cards! By now, your credit card provider has most likely sent you a new card emblazoned with a metal chip on the front. Credit cards with EMV (Europay, MasterCard®, and Visa®) chips have been used in Europe and Canada for years and are becoming a global standard. However, the new technology has left many Americans confused when it comes to the transaction process. As of April 2016, 70% of customers reported having a credit card with an EMV chip, and that number is expected to increase as credit card providers and merchants continue to...

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Credit Score Ranges & What They Mean to Your Everyday Life

Credit Score Ranges & What They Mean to Your Everyday Life

Do you know your credit score? If so, congratulations! You’re among the 40% of Americans who do, according to a LendingTree study. However, knowing...Continue Reading

category: Credit Basics
The Benefits of Using Credit Cards Over Debit Cards

The Benefits of Using Credit Cards Over Debit Cards

The same question is always asked when you go to check out at the store: credit or debit? While some people tend to favor using...Continue Reading

Staying on Top of Your Credit Card Payments

Staying on Top of Your Credit Card Payments

Like many busy Americans, your to-do list is likely 100 items deep on any given day. Something is bound to get missed—but when that...Continue Reading

category: Credit Basics
The Benefits of Having a Good Credit Score

The Benefits of Having a Good Credit Score

Your credit score isn't just a number on paper. It's a door to opportunity, from jobs to credit cards to insurance. And, the higher your...Continue Reading

category: Life Events
This material is for informational purposes only and is not intended to replace the advice of a qualified tax advisor, attorney or financial advisor. Readers should consult with their own tax advisor, attorney or financial advisor with regard to their personal situations.