Rich Mom Answers Undeniably, you need to know about FICO scores. A FICO score, like a social security number, is a number that, once you get it, follows you for life. If you have never heard of a FICO Score, or don’t know what it is, read below. What is a FICO Score? What is […]
Tag: credit
What Are the Benefits of a Good Credit Score? Rich Mom Answers
Credit scores. You hear about credit scores all the time. But, what are the benefits of having a good (actually great) credit score? Good credit gives you powers…benefits. Below, I list seven benefits of great credit. The First Benefit of a Good Credit Score The first benefit of good credit is that you will be […]
What Is An Example of an Inquiry on a Credit Report? Rich Mom Answers
Credit inquiries… What is a credit inquiry on a credit report? A credit inquiry is what it’s called whenever a business requests information about your credit from a credit reporting bureau. This is an inquiry. There is a record created when they check your credit. What Are Some Examples of Who Might Do an Inquiry […]
What Are Credit Score Ranges? Rich Mom Answers
What are Credit Score Ranges? Rich Mom Answers You perhaps have heard about credit scores. You know that credit scores are important. Consequently, you need to know what the ranges of credit scores are. Knowing what the credit score ranges are will help you understand where your credit score places you, and where you want […]
What Is a Credit Score? Rich Mom Answers
My daughter, (aka Poor Kid) is an academic person. So, she is most familiar with grades and scores that usually come out of 100. In school, a 100 can be a perfect score or grade. But, when it comes to credit scores, a 100 is not a good score. In fact, there is no 100 […]