How Many Credit Points Do You Gain a Month?

How Many Credit Points Do You Gain a Month?

If you’re wondering how many credit points you gain a month, the answer may surprise you. Here’s a look at how credit points are calculated. Checkout this video: The average credit score is 300-850 Most credit scores range from 300-850, with higher scores indicating better creditworthiness. Scores above 650 are generally considered good, while scores…

When Do Credit Card Companies Report to Credit Bureaus?

When Do Credit Card Companies Report to Credit Bureaus?

Credit card companies report to credit bureaus every month, typically around the same time each month. If you’re trying to improve your credit score, make sure you keep your credit card balances low and make your payments on time. Checkout this video: Introduction Credit card companies report information to the credit bureaus at different times…

What is the Retirement Savings Contribution Credit?

What is the Retirement Savings Contribution Credit?

The Retirement Savings Contribution Credit, also known as the Saver’s Credit, is a tax credit available to eligible taxpayers who contribute to a qualified retirement savings plan, such as a 401(k) or an IRA. Checkout this video: Overview of the Retirement Savings Contribution Credit The Retirement Savings Contribution Credit, also known as the Saver’s Credit,…

How Long Does a Collection Stay on Your Credit Report?

How Long Does a Collection Stay on Your Credit Report?

If you’re wondering how long a collection stays on your credit report, you’re not alone. Here’s what you need to know about this important financial issue. Checkout this video: Introduction Your payment history makes up a significant portion of your credit score, so it’s important to make sure that you’re keeping up with your payments….