How Using Your Credit Card Impacts Your Credit Score
When you got your first credit card, well-meaning family members probably warned you to keep your credit utilization below 30%. You might have even been advised to use 10% as your threshold. This might not make sense when you clearly have access to all the money on your card. What’s the point of a $10,000 […]
8 Credit Score Myths vs. the Facts You’ll Need To Know
Your credit score can say a lot about your spending history, whether you can be counted on to make payments, and let lenders know that you have built solid credit over a long time. Myths about credit scores abound on the internet and in real life: How do you know what’s true and what’s not, […]
Good Credit Scores Impact More Than Securing Loans
Lenders view credit scores as an indicator as to how worthy of credit a specific individual is. High credit scores mean the person holding it has had few issues with previous loans or lines of credit. On the other hand, low credit scores are often caused by a lack of credit history or an inability […]
Having a Good Credit Score Is Important for Everyone
Your credit score has a big impact on your ability to take out a personal loan or obtain a line of credit for a new business venture. In addition to determining whether or not you’ll be approved for a loan, your credit score may affect the interest rate attached to it. You may think that […]
Is There A Limit On How Many Tradelines You Can Add?
Purchasing tradelines is a relatively common practice for those looking to get a boost to their credit score. That’s because when you purchase a tradeline, you’re added as an authorized user for the account. The benefits of that account, such as its age or credit utilization, then impact your credit score, potentially driving it up. […]
Basic Concepts About Credit Cards You Should Know
If you plan on getting your first credit card soon, or if you want to improve your relationship with money, you may desire to learn more about making the most of having a credit card. Coast Tradelines wants to help you understand that credit cards aren’t deserving of their bad reputation. When you understand their fundamental […]
