Smart Military Money
Personal finance tips andadvice for the military lifestyle.
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In a world where your credit score may affect everything from your home loan to car insurance rates, it is no surprise that everyone is looking for that quick fix to bump their score a few points. Although major improvements in credit take several months (and sometimes years) of responsible credit usage and money management, [...]
Credit is a major component of financial success for military families. Financing a home or buying a car is made easier when you have a good credit score. Learning how to get and maintain a sound credit report and score is tough when so many myths exist about scores. Look over this list of five [...]
Your credit score ranges from 300 to 850. Although the exact formula for calculating the score is proprietary information and owned by FICO, here is an approximate breakdown of how your credit score is formed: Top 35 Percent Thirty-five percent of your score is based on your payment history. This is mainly for lenders to [...]
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