We here at Credit Karma think credit scores are a pretty big deal. We know how important it is to give consumers free access to their credit score because its their potential financial powerhouse. So when MSN Money posted “8 Reasons To Ignore Your Credit Scores,” we wanted to take a stand for credit. Here’s our thoughts on why, no matter what, it’s crucial to keep an eye on your credit score.
Reason #1: They’re already awful. If your credit can’t get much worse, don’t worry about harming it further — just get back on track with your finances as a whole.
Our Thoughts: If you were trying to get in shape, you’d keep track of your weight. So why wouldn’t y
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Credit Scores, Scores
Americans may have a more difficult time securing loans, competitive rates and credit cards with low credit scores
As the U.S. economy struggles to recover and unemployment rates remain high, Americans may have another issue to worry about before they can improve their personal financial situation – their credit scores. A new report – released by FICO – reveals that Americans’ credit scores have dropped to a new low, endangering consumers’ ability to secure loans and competitive rates for home and auto loans as well as credit cards.
Citing data from FICO, the Associated Press reports that 25.5 percent of American consumers – which roughly translates to 43.4 million individuals – carry a FICO credit score of 599 or below. Read the full post
Credit Scores, Scores