Do you know your credit score? Equally important, do you know how that score is calculated? This is important information to have because it impacts your standing when you go to apply for a car loan, ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Thomas J. Brock is a CFA and CPA with more ...

A strong credit score reduces credit card costs by securing lower interest rates, higher limits and better offers while poor ...

There’s nothing that feels quite as unjust as being punished for something you couldn’t help. But medical debt — often the result of a simple accident or illness that racks up sky-high hospital bills ...

If you’ve been enjoying the freedom of Buy Now, Pay Later (BNPL) services, you’ve been basking in a period of little to no consequences for missed payments. BNPL lets you spread out the cost of a ...

If you've missed your credit card payment deadline by a day or two, don't panic. A lapse of just a couple of days won't affect your credit score. You might even be able to get your credit card ...

Credit scores existed for decades before 1989. What changed that year was the introduction of the FICO score, the first generic credit scoring system. Previously, lenders developed and used their own ...

SPOKANE, Wash. — Washington residents may see their credit scores improve this year following new legislation that removes medical debt from credit reporting. The bipartisan law, signed in April, ...

Student loans are a major financial commitment and not just because of the long road to repayment. They can also have a bearing on your credit score — and by extension, your overall financial health ...

FICO announced in addition to credit cards and loans, those 'Buy Now, Pay Later' installment purchases are also factoring into your debit calculations. Alma Galvan, a spokesperson for the Better ...

Many consumers assume that paying bills on time, using credit cards responsibly, and avoiding risky loans are enough to keep ...