Advice & Expertise Blog

Credit Basics

  1. 9 Ways Credit Card Rewards Have Reshaped Our World

    9 Ways Credit Card Rewards Have Reshaped Our World

    According to a 2019 report from the American Banking Association, consumers are more aware than ever before of the upside to having the right rewards card in their wallet. In addition to rewards for ongoing spending, generous signup bonuses are upping the ante and making credit card rewards even more attractive. With all these perks, our world will never be the same. Here are 9 ways credit card rewards have reshaped life as we know it.

  2. A Reliable Way to Build Credit Without A Credit Card

    A Reliable Way to Build Credit Without A Credit Card

    If you are one of the millions of Americans with less than great credit, you probably have been denied for a loan or credit card, paid higher interest rates if you received credit, or had trouble renting an apartment or home because of your low credit score. With a Credit Strong account, consumers can build credit by setting aside savings.

  3. 7 Tips for staying debt-free

    7 Tips for staying debt-free

    Being 100% debt-free is a worthy dream. However, lifestyle inflation and external pressures can make it difficult to stay out of debt once you’ve paid it down. If you’ve recently become debt-free, follow these tips to prevent racking up a balance all over again.

  4. How Do Credit Scores Vary by Age and Region?

    How Do Credit Scores Vary by Age and Region?

    Most people don’t realize how important their credit score is until it’s time to purchase a home, finance a car, or borrow money for any other reason. It’s always smart to know your current credit score, as well as the steps you can take to improve it.

  5. 6 Ways to Build Your Credit History

    6 Ways to Build Your Credit History

    When I graduated from college, apartment shopping was a nightmare. I had a good job, a decent entry-level salary and I was only looking for a small studio, yet I couldn’t get approved on my own. Because I had been starkly anti-debt and never had a credit card or car loan, I had something worse than a low credit score--I had no credit at all.

  6. What is a Credit Score?

    What is a Credit Score?

    If aliens judged us by our commercials, they’d probably assume everyone were interested in pharmaceuticals, luxury cars, and credit scores. Many advertisements urge viewers to know their credit rating by heart.

  7. Credit Score Myths You Can Ignore

    Credit Score Myths You Can Ignore

    To help you cut through the nonsense and find out the steps you can take to help your credit score in the long run, we decided to break down the top credit myths you hear today. Feel free to ignore these myths from this day forward.

  8. How to Do a Balance Transfer in 5 Simple Steps

    How to Do a Balance Transfer in 5 Simple Steps

    ne way to tackle your debt and save money is to complete a credit card balance transfer. With this approach, you can get a lower rate, so more of your payment goes toward the principal rather than interest. It can help you save money and get out of debt faster.

  9. New FICO Scoring Model Could Be Coming: What This Means

    New FICO Scoring Model Could Be Coming: What This Means

    If you believe this new scoring model could benefit you, it’s important to understand how your banking data could play a role. FICO has mentioned how your checking, savings, and money market history can be used to boost your credit score in some cases, but what does that mean?

  10. Strategic Ways To Improve Your Credit Score

    Strategic Ways To Improve Your Credit Score

    We all know paying off your debt will improve your credit but understanding how to pay off your debt could help increase your credit score exponentially. Learn more about how to strategically manage your credit score and may the most of your payments.

  11. What is a Good Credit Score?

    What is a Good Credit Score?

    Like it or not, your credit score may play a bigger role in your life — and your lifestyle — than you think. It all starts with knowing what a good credit score is and the steps you can take to achieve this milestone. Keep reading to learn more about credit score ranges and how to improve your score over the long haul.

  12. 7 Ways Your Credit Score Affects Your Life

    7 Ways Your Credit Score Affects Your Life

    After your Social Security number, the most important number in your life is your credit score. You probably know that lenders look at your credit when deciding whether or not to issue you a credit card or loan, but your credit score plays a much more significant role in your life.

  13. Understanding Alternative Credit Scoring

    Understanding Alternative Credit Scoring

    In an effort to reach the millions of consumers without a credit score, alternative credit scoring models are being developed that incorporate non-traditional data into their algorithms. While many of these models are operated by smaller companies, major scoring agencies, FICO and VantageScore, are also working on ways to expand access to alternative scoring models.

  14. Cosigner vs. Authorized User: Which Do You Need?

    Cosigner vs. Authorized User: Which Do You Need?

    Although complex, the ins and outs of consumer credit aren’t actually that hard to understand. Unfortunately, the vast amount of lingo and jargon inherent in finance can often make it feel as though you’re trying to put together a puzzle without all the pieces.

  15. Building Credit from Scratch – The Dos and Don’ts

    Building Credit from Scratch – The Dos and Don’ts

    A secured credit card uses a cash deposit as collateral. Normally, the cash deposit will be equivalent to the spending limit on the credit card. This allows the issuer to lower their risk taking on a new credit card user. The collateral works as a back-up plan for the credit card issuer; if the credit card bill isn’t paid on time, the issuer can use the deposit to pay off the balance.

  16. How to Execute a Balance Transfer – and Actually Save Money

    How to Execute a Balance Transfer – and Actually Save Money

    If you have high interest credit card debt, personal loan debt, or other mounting bills, a balance transfer credit card could be the answer to your prayers. Once you qualify for a balance transfer credit card, you can score 0 percent APR on transferred balances for anywhere from 12 – 21 months. Best of all, some balance transfer credit cards offer low fees or even no fees to consumers who qualify.

  17. 5 Lessons You Can Learn From a Bad Entry-Level Job

    5 Lessons You Can Learn From a Bad Entry-Level Job

    When I graduated from school, I worked for a small, privately-owned business. And it was awful. I was supposed to be a writer, but they insisted I also act as the janitor, cleaning the bathroom and storage areas. The owner literally screamed a lot and relished employees’ tears. It was a terrible experience, and I was miserable. However, I did learn a lot from that short period of employment. Those lessons helped me later in my career.

  18. Myth Busted: No, Opening New Credit Cards Won’t Bomb Your Credit Score

    Myth Busted: No, Opening New Credit Cards Won’t Bomb Your Credit Score

    Credit card signup bonuses are often considered the holy grail of affordable travel. Sign up for a new rewards credit card or travel credit card, hit a minimum spending requirement, and earn a bonus big enough to pay for several hotel nights or a free round-trip flight. If you’re into cash-back instead, you can also parlay your rewards into several hundred dollars in statement credits instead.

  19. How to Establish (or Reestablish) Good Credit

    How to Establish (or Reestablish) Good Credit

    Your credit rating, or how much of a risk it is to lend you money, is generally determined by your FICO score. This is a score that ranges from 300 to 850, and higher scores indicate a better credit rating and make it more likely that you will be able to obtain loans. To have any credit score at all, you'll need to have at least one credit account where a creditor reports on your activities to credit bureaus open for a minimum of six months.

  20. Protect Your Pocketbook: Your Identity Theft Prevention Checklist

    Protect Your Pocketbook: Your Identity Theft Prevention Checklist

    If I said that identity theft is no fun, it would be a lot like telling you the sky is blue and water is wet — a bit of an understatement. Identity theft is one of the most devastating things that can happen financially, but it’s also far more common than a lot of people realize. About 15 million U.S. consumers were affected by identity fraud in 2016, according to a study by Javelin Strategy & Research. In total, about $16 billion was stolen from those victims.

  21. How Your Credit Score May Affect Your Job Search

    How Your Credit Score May Affect Your Job Search

    If you’re interviewing for a new job, you know the importance of a polished resume, personalized cover letter, professional interview attire, and preparedness. One of the most overlooked factors that can affect your chances of getting a job is your credit.

  22. Making Sense Of Your Credit Score

    Making Sense Of Your Credit Score

    Several factors influence a credit score and how the score is determined. The higher the credit score the better chance the consumer will have to be approved for lower interest loans and prime credit cards. Along with approval odds, your credit score may have a factor in whether you are hired for your dream job or utility rates for cable, internet, etc. In this infographic, you’ll find a rundown of the different aspects that make up your credit score and how you can improve your score. Read on

  23. 6 Credit Myths That Won’t Go Away

    6 Credit Myths That Won’t Go Away

    Do you find your credit score and credit reports to be a little bit mysterious? If so, then you’re not alone. The companies that create credit scores use secret formulas, and everyone else is left to guess what’s in it. Furthermore, there are many aspects of credit scores that are counterintuitive and seem to defy common sense. As a result, there are plenty of myths that have persisted about credit and credit scores.

  24. Credit Score Vs. Credit Report, What’s The Difference?

    Credit Score Vs. Credit Report, What’s The Difference?

    Credit can be very confusing. Americans can be granted or denied a loan and have very little understanding why. In addition, you have to make a special request to view your own credit report, and it can be dozens of pages long and almost appear to be written in a different language.

  25. 3 Ways to Help Improve your Credit Score

    3 Ways to Help Improve your Credit Score

    Your Credit Score is very important and having a low score can affect you in more ways than one. Whether you’re buying a home or applying for a credit card, having a low credit score can impact your Annual Percentage Rate (APR), as well as determine if you are able to get a loan or approved for the credit card.

  26. Product Spotlight’s from CreditSoup

    Product Spotlight’s from CreditSoup

    CreditSoup works with several lenders and merchants to provide you with a variety of financial products and services. We will highlight programs with information to educate you on the specific benefits and features the product or lender has to offer.


Editorial Disclaimer: Information in these articles is brought to you by CreditSoup. Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles. The information is accurate to the best of our knowledge when posted; however, all credit card information is presented without warranty. Please check the issuer’s website for the most current information.



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