Does Being A Woman Hurt Your Credit? Here’s Why Men Typically Have Higher Credit Scores

10’000 Hours/Getty Images

The gender pay gap is a term used to describe the fact that, on average, women earn less than men in the United States.

In fact, according to PayScale, women make just 79 cents for every dollar men make in 2019.

This brings us to credit scores and how women may be at a disadvantage compared with men because of factors that stem from their lower income.

Does the gender gap extend to credit scores? According to the numbers, it does. Here’s what you need to know.

Credit scores by gender

The Federal Reserve recently released a report that explored gender-related differences […] Read more

How Credit Cards Impact Your FICO® Scores

It goes without saying (or writing) that your credit scores are a big deal. They are especially so when you want to apply for a new loan, credit card, or some other service that uses credit scores as part of its underwriting process. And while there are two primarily utilized scoring platforms, FICO and VantageScore, FICO is still the most commonly utilized credit score.

What you may not understand is exactly how FICO and other scoring models get to that three-digit number, and what you can do to improve it. Certainly one of the most influential actions you can take with […] Read more

Credit bureaus are mining new scores from your alternative data

Take a look at a credit report from one of the big three credit reporting agencies, and you’re likely to see certain types of accounts listed: credit cards, mortgages, car payments, and student loans, for instance.

How you pay those bills impacts the credit score that lenders use to determine how risky you are. But other types of accounts don’t generally show up on your traditional credit report. Those include phone and electric bills, rent, and payments to many types of credit providers such as payday lenders, rent-to-own stores, and online personal lenders.

The country’s biggest credit bureaus—Experian, Equifax, and TransUnion—are trying […] Read more

Bad credit scores make it harder to get mortgage, car loan, apartments

Maurie Backman, The Motley Fool
Published 5:00 a.m. ET March 25, 2019

CLOSE

A car accident can add a few dings to your credit score if you don’t take care of business right away. Buzz60’s Sean Dowling has more.
Buzz60

You’ve probably heard that it’s important to keep your credit score as high as possible. If you don’t, you may not get approved for the next credit card you want, or you may […] Read more

We Energies stops reporting to credit bureaus, impacting some customers’ credit scores

Please enable Javascript to watch this video

MILWAUKEE — A recent decision by a major utility company is having unintended consequences for some customers.

Lynn Crump is an aspiring business woman who recently found her credit score dropped.

“With all three reports, an average of 21 points,” Crump said. “I’m trying to, you know, maintain my good credit standing.”

The reason for the credit score drop is not Crump’s fault.

Lynn Crump

“We Energies was a trade line on my credit report and it’s no longer here,” she explained.

In late December, We Energies stopped reporting customer payments histories to credit bureaus. […] Read more

Rashida Tlaib proposes banning credit scores in auto insurance

WASHINGTON — A first-term Democrat on the House Financial Services Committee is introducing legislation to ban the use of credit reports and scores in determining auto insurance rates.

Rep. Rashida Tlaib of Michigan has sponsored the Prevent Discrimination in Auto Insurance Act to prevent “undue burden” on low-income individuals seeking auto insurance.

In a letter to her colleagues, Tlaib said using credit reports “for the determination of auto insurance rates serves no purpose in determining the safety of the driver” and “does nothing to keep other drivers safe.”

Rep. Rashida Tlaib, D-Mich., said using credit reports “for the determination of auto insurance […] Read more

#happylife: breaking down credit scores and tips for how to improve them

SPOKANE, Wash. – As important to your overall financial picture as they are, the folks at STCU say that credit scores are often ignored until when they are needed, and at that point it can be too late.

Your credit score is the number that lenders use to determine whether or not to give you a loan, and at what interest rate. Your credit score can fall between 300 and 850 and the higher the better, when it comes to more favorable interest […] Read more

LONDONERS ARE THE MOST CONTENT WITH THEIR CREDIT SCORES DESPITE HAVING ONE OF THE LOWEST IN THE UK

Londoners are most content with their credit scores, with a third (33%) saying they were happy the last time they checked, closely followed by the South East (31%) and the South West (28%.) Those living in the East of England are the unhappiest, with 11% saying they were not impressed the last time their checked their score. 1 in 10 of those living in the North West came in a close second when it comes to being unhappy with their credit score.

However, Equifax analysis of average credit scores across the UK[1]seems to suggest a disconnect between […] Read more

Credit Scores, Credit Reports & Credit Check Services Market 2019-2025 Research by Growth Rate, Key Vendors : Experian Equifax ,Trans ,Union Identity, Guard Identity ,Force.

Global Credit Scores, Credit Reports & Credit Check Services market research is an in depth study providing colete analysis of the industry for the period 2019–2025. To begin with the Credit Scores, Credit Reports & Credit Check Services Market report which covers market characteristics, industry structure and commutative landscape, the problems, desire concepts, along with business strategies market effectiveness.

Description: Credit Scores, Credit Reports & Credit Check Services are utilized to store short-lived items to expand the time span of usability and keep up the quality and freshness of items. Asia Pacific represented the biggest offer of the Credit Scores, Credit […] Read more

Credit scores matter — best ways to improve yours

Discover defines credit scoring as a means of distilling your relationship with debt down to a number. That three-digit score allows lenders to quickly size up the risk of doing business with you, which can have major implications on your day-to-day life. 

Credit scores come into play if you want to apply for a credit card, rent an apartment, buy a car, or switch phone providers. Pretty important elements of existing in the modern world, right?

Credit scores range from 350-850, and most lenders look for scores above 650, with preferences given to those with scores in the 700s and higher.

A low […] Read more