FICO expert shares the No. 1 credit score myth

FICO expert shares the No. 1 credit score myth

The average American does a pretty decent job managing their credit. But if you want to boost your credit score, it’s important to avoid falling for a commonly held myth: Carrying a balance on your credit card each month helps improve your score. “This is not true,” Tommy Lee, FICO’s senior director of analytics and … Read more

With mortgage rates staying high, renting is less expensive than buying

With mortgage rates staying high, renting is less expensive than buying

  Sturti | E+ | Getty Images The cost of housing is generally expensive across the board for Americans, whether you’re a renter or an aspiring homeowner. While both home prices and rent have outpaced wage growth in most areas, renting can be the smarter financial choice in many markets, said Susan M. Wachter, a … Read more

Raising your credit score can help you save $92 per month: report

Raising your credit score can help you save  per month: report

With consumer prices still rising due to higher inflation, there is one way to save money that you may be overlooking: raising your credit score. Increasing your score from fair (580 to 669) to very good (740 to 799) may help you save $22,263 over the life of your credit and loans, according to a … Read more