Expert Advice for Credit Score

All Articles on Credit Score

Having a Good Credit Score Doesn’t Guarantee You a Good Car Financing Rate
Securing an awesome interest rate on an auto loan isn't as simple as having a good credit score. What else goes into the process?
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Jerry
Apr 27, 2022
A Growing Trend in the Insurance Industry Has a Hidden Benefit for Consumers
The practice of car insurance companies using credit score checks to determine policy premiums may soon be banned across the country. More and more state lawmakers have been outlawing the questionable practice, which has proven to disproportionately harm drivers of color.
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Jerry
Apr 27, 2022
The Questionable Logic of Insurance Companies Credit Scoring
Insurers’ use of credit scores to determine customer rates has long been under fire. A credit score does not take into account an individual’s full financial capability and reliability.
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Jerry
Apr 27, 2022
Why Insurance Companies Check Credit Scores
Car insurance companies have been checking credit scores since the 1990s to determine driver risk. But how are credit scores and risk related?
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Jerry
Apr 27, 2022
Does Checking Your Credit Score Lower It?
Does your credit score actually diminish when you ask for a copy of your credit report? Read on to find out everything you need to know about your credit score when you check your credit.
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Jerry
Apr 27, 2022
How to Get a Copy of Your Credit Report
Getting a copy of your credit report can help you understand and present your credit score. Here's how to get a copy of your credit report.
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Jerry
Apr 27, 2022
How NSF Fees Can Impact Your Credit Score
Are non-sufficient fund (NSF) fees something that can damage your credit score? The answer is both yes and no. Here's what you need to understand.
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Jerry
Apr 27, 2022
Washington is Working to Outlaw this Controversial Car Insurance Practice
Washington state is seeking to ban the use of credit scores to help determine car insurance rates. What other states have banned this practice?
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Jerry
Apr 27, 2022
What Is a Good Credit Score to Buy a House?
Here's a guide for what you should know about the relationship between your credit score and the types of home loans you can get.
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Jerry
Apr 27, 2022
How to Monitor Your Credit Score for Free
Monitoring your credit score in the most efficient manner is easy to do with the right tools.
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Jerry
Apr 27, 2022
How to Freeze Your Credit (and Why You Might Need to)
A credit freeze, also known as a security freeze, is a means to restrict access to your credit report. Here's how (and when) to do it.
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Jerry
Apr 27, 2022
What Is a Good Credit Score For a Car Loan?
What is a good credit score when buying a car, and how much difference can it make in your APR and payments? Here's what you should know.
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Jerry
Apr 27, 2022
How to Make Car Insurance More Affordable
Insuring your ride can be expensive, but it doesn't have to be. Here are the best ways to make car insurance more affordable.
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Jerry
Apr 27, 2022
How to Switch Car Insurance Companies When You Sell a House
Selling your home is guaranteed to affect your car insurance policy, so it's a good time to shop around.
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Jerry
Apr 27, 2022
Tennessee Could Be the Next State To Outlaw a Questionable Car Insurance Practice
An investigation in Tennessee revealed a concerning disparity in car insurance rates based on peoples' wealth. What will the state do with this information?
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Jerry
Apr 27, 2022
Oregon Working to Ban This Controversial Car Insurance Practice
Oregon’s state legislature is considering a ban on credit-based car insurance policies. What does this mean for drivers in Oregon?
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Jerry
Apr 27, 2022
How to Check Your Credit Score
You can check your credit score for free to determine your financial health and prepare for any big purchases. Here's how to do it.
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Jerry
Apr 27, 2022
New Jersey Working to Ban This Controversial Car Insurance Practice
New Jersey is one of a few states that are currently looking to ban the use of credit scores when determining car insurance rates.
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Jerry
Apr 27, 2022
Colorado Senate Votes to Ban This Controversial Car Insurance Practice
The Colorado Senate has just passed a bill that targets discriminatory car insurance. What does this mean for Colorado’s drivers?
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Jerry
Apr 27, 2022
Louisiana House and Senate Both Choose Not to Ban This Controversial Car Insurance Practice
The Louisiana House and Senate have voted down changes to a controversial car insurance practice. What does this mean for drivers?
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Jerry
Apr 27, 2022
How Does Your Credit Score Affect Car Insurance?
This is an article on how your credit score affects car insurance rates. In most states, a low credit score will increase your car insurance premiums. Read here to learn more.
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Jerry
Apr 27, 2022
What Is Considered Good Credit?
A good credit score can be the difference between a favorable loan and an unfavorable one. Here's a guide on what's considered a good credit score, what might be hurting your score, and what helps.
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Jerry
Apr 27, 2022
Does Paying Car Insurance Help Build Credit?
Does paying car insurance build credit? Unfortunately not. But for better or worse, your credit score impacts your car insurance rates.
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Jerry
Apr 27, 2022
Root Is Ahead of Car Insurance Industry in a Major Way
Root insurance wants to make car insurance fair by using telematics rather than credit score to determine its rates. But does fair insurance mean cheaper insurance?
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Jerry
Apr 27, 2022
How to Get a Lower Car Loan APR
You can get a low APR on a car loan by building your credit and shopping across multiple lenders for the best deal. Make sure to negotiate for good deals, too.
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Jerry
Apr 27, 2022
What Credit Score is Needed to Buy a Car?
A credit score of 660 or more can get you a car loan with a reasonable interest rate, but if it’s lower, you might still be able to qualify. Read this guide to learn the credit scores needed to buy a car.
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Jerry
Apr 27, 2022
Does Refinancing a Car Hurt Your Credit Score?
Refinancing your car can hurt your credit score, as lenders will make hard checks and you'll be leaving your former loan. The affect on your score is only temporary, however.
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Jerry
Apr 27, 2022
Easy Things You Can Do to Improve Your Credit Score Quickly
Your credit score can determine whether you qualify for loans to purchase a car or home. Use this guide to find easy ways to raise your credit score fast.
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Jerry
Apr 27, 2022
This East Coast State Has Good Drivers and No Credit Checks, so Why Doesn't It Have Cheaper Car Insurance?
States like Massachusetts have some of the safest drivers in the country, but they also have some of the highest car insurance premiums.
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Jerry
Apr 27, 2022
Credit Checks Increase Premiums for Low-Income Groups—That Doesn’t Mean They’re Riskier Drivers
For years, credit checks have been part of the process of setting car insurance rates. However, an unfair trend emerges when you rely too heavily on credit scores.
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Jerry
Apr 27, 2022

All Questions on Credit Score

Should I use a car loan to rebuild my credit?
I want to rebuild my credit, but I also need a set of wheels to get around. Is a car loan a good way to rebuild credit?
Eric Schad
Dec 06, 2021
Should I refinance my car loan?
I’ve been working hard to get better credit and my credit score has improved. Should I refinance my car loan? What would it benefit?
Lauren Smith
Oct 12, 2021
Can I get a car loan after I file for Chapter 13 bankruptcy?
I'm in the middle of Chapter 13 bankruptcy proceedings, but I'm worried about my ability to take out loans in the future. Will I be able to get a car loan down the road after filing for bankruptcy?
Eric Schad
Oct 19, 2021
Why did my credit score drop after leasing a car?
I recently took out a lease for a new car and I noticed that it made my credit score drop. Why is that? I don’t think I’ve missed any payments or anything so I’m a little confused.
Liz Jenson
Apr 04, 2022
Can I be denied for a car loan even after I’m preapproved?
I got preapproved for a car loan about a week ago, but since then, my credit dropped about 20 points due to a collection account I didn't know about. Can I still be denied a loan after preapproval?
Eric Schad
Nov 16, 2021
Can I get a car loan with an 850 credit score?
I recently checked my credit score, and I have an 850. I’ve never missed a payment, I have about a dozen credit cards, and I took out a mortgage a year ago. That said, I’ve never had a car loan, and I’m in the market for a new set of wheels. Can I get approved for a car loan with an 850 credit score?
Eric Schad
Feb 23, 2022
Is a 694 credit score okay for a car loan?
Will I still qualify for a car loan if my credit score is below 700? I really need a new car, but I won’t be able to buy one outright. I’m a little nervous that I won’t qualify for a car loan with a good interest rate unless I raise my credit score above 694.
Liz Jenson
Feb 23, 2022
Is it possible to get a car loan with no income on paper?
I want to get a car loan, but I currently work for straight cash. Can I still get a car loan if I don’t show any income on paper?
Eric Schad
Nov 15, 2021
How do I dispute a car loan on my credit report?
I was taking a look at my credit report and I noticed a car loan with a balance of $11,231. I've never had a car loan and I have no idea where this came from. How do I dispute it?
Eric Schad
Nov 16, 2021
How much of a credit score is required for a car loan?
I am looking to get a car loan, and I know there are different credit scores. I am wondering what the recommended credit score is for a car loan?
Lauren Smith
Jan 12, 2022
How can I be approved for a car loan?
I need a car to drive my grandma to her doctor's appointments and work. I want to make sure I won't get denied when I apply. What’s the easiest way to get approved for a car loan?
Lauren Smith
Nov 19, 2021
How do I remove old addresses from my credit report?
My credit report has the wrong address listed so the lender that I’ve been talking to won’t accept it. I don’t know how to fix it and I’m super annoyed! What should I do? How do I remove old addresses from my credit report?
Liz Jenson
Feb 14, 2022
Is there an age limit for cosigning for a car loan?
Is there an age limit for cosigners? My bank tells me I need a cosigner to get a car loan. The only person I can find is my grandfather, who is 85 years old.
Eric Schad
Feb 28, 2022
Can I get a car loan with a 549 credit score?
I really need a car loan. My current car is in the shop, and the repair bill is $1,200. The mechanic told me the car isn’t worth that much, so I should get a new car. With a credit score of 549, am I eligible for a car loan?
Eric Schad
Feb 23, 2022
What do you typically need to qualify for 0% APR financing?
The local Kia dealership is offering 0% financing for new cars, but in the fine print it reads for qualified buyers. What do I need to qualify for 0% APR financing?
Eric Schad
Aug 02, 2021
Will paying off a car loan help your credit?
My credit isn't bad, but it's not great. I'm going to buy a house soon, and I'm hoping to improve my credit score before then. If I pay off a car loan, will that help?
Liz Jenson
Sep 23, 2021
Can I refinance a car loan if I have negative equity?
I want to refinance my car loan, but I'm upside down on it. Can I still refinance if I have negative equity?
Eric Schad
Nov 22, 2021
Why is the dealer turning me down for an auto loan even when I have a 700 credit score and a cosigner?
Why do we keep getting rejected for a car loan when we have good credit? I'm trying to buy a new car with 0% APR financing for 60 months. I have a credit score of 707, but I was denied. I added my mom to the loan as she has a credit score of 730 and we were denied once again. I'm not making a down payment either, if that matters.
Eric Schad
Feb 25, 2022
Can 626 be considered a good credit score for a car loan?
Can I take out a car loan with a 626 credit score? This is my first time financing a car. I don’t know if my credit score is considered good enough.
Phoebe Mah
Dec 06, 2021
Is 660 a good credit score for a car loan?
I'm planning to buy a new car. To prepare, I checked my credit score. Can I get a good car loan if my credit score is 660?
Lauren Smith
Nov 18, 2021
Is 659 a good credit score?
I used to have a really low credit score, and I’ve been working on my credit for a while now. When I checked my score last, it was at 659. Is that credit score good enough to refinance my car loan?
Liz Jenson
Feb 21, 2022
Why is my credit score different from what I thought when I applied for a car loan preapproval?
I applied for car loan preapproval, but the credit score the lender said I had was different from my research. Why would this be?
Eric Schad
Dec 10, 2021
Is 552 a good credit score?
I checked my credit score for the first time yesterday, and it was 552. Is this a good or bad score? I’m getting ready to buy a car for myself and I’m wondering what kind of impact this score could have.
Liz Jenson
Feb 21, 2022
How much is it to add a car to insurance?
We are thinking about getting our son a car for his college graduation, but he'll need insurance. How much would it cost to add a car to an insurance policy?
Carlos Kirby
Nov 04, 2021
How do you get out from under a car loan?
I lost my job and can’t afford to pay my car loan anymore. What can I do?
Lauren Smith
Oct 12, 2021
Why isn't my car loan on my credit report?
I just checked my credit for the first time since I took out my car loan and the car loan didn’t show up. Why is that? I was hoping that the loan would help me build credit so I’m a little disappointed. Why isn’t my car loan on my credit report?
Liz Jenson
Feb 14, 2022
What interest rate should I expect for a car loan?
I just moved back to the United States after working in London for a few years. I need to purchase a car. I’m not sure if I’m buying new or used yet, but what interest rate should I expect to be offered on a car loan? I have a credit score of 790.
Jack Walsh
Dec 14, 2021
How can I print a credit report from Credit Karma?
I’ve been trying to build my credit score for a while so that I can get a lower lease on a new car. I want to print my report so I can better understand how I can improve it. How can I print my credit report from Credit Karma?
Melanie Johnson
Feb 24, 2022
Is a 740 credit score good enough for a car loan?
My son needs his own car and I want to buy it for him. It’s been a long time since I purchased a vehicle, though. I can’t remember what it takes to qualify for a loan. Can I get a car loan with a 740 credit score?
Holden Easterbrook
Feb 23, 2022
How long does it take to get your credit score up?
I’m looking to get a car loan but want to wait until I have a better credit score. How long does it take to improve your credit score?
Rob Shapiro
Feb 21, 2022

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