Credit utilization is the second most important factor of your credit score. Here's the best credit utilization ratio and how to keep yours low.| www.experian.com
The federal funds rate is the benchmark interest rate set by the Federal Reserve. Learn how the Fed rate works and how it affects your interest rates.| www.experian.com
Here’s what discretionary spending is, how it compares to essential expenses and how to budget for discretionary expenses.| www.experian.com
Learn what actions may cause a creditor to do a charge-off, how a charge-off affects your credit and if you can remove a charge-off from your credit report.| www.experian.com
Experian analyzed trends in inflation, wages, credit and debt for U.S. consumers and found that consumer credit markets remain healthy. Here are our findings.| www.experian.com
Learn what an APR is for credit cards and loans, the different types of APRs, what factors affect your interest rate and how to get a low APR.| www.experian.com
Revolving credit lets you borrow money up to your credit limit, pay it back and then borrow it again. Learn how revolving credit works.| www.experian.com
Boost your Credit Scores and raise your FICO® Score instantly for free. Millions of points already boosted across America.| www.experian.com
Learn about what factors affect your credit scores, steps you can take to improve your credit and how to check your credit score for free.| www.experian.com
Consumer debt balances increased for most types of consumer loans from 2023 through 2024. Learn more about how debt levels changed overall.| www.experian.com
Your credit utilization rate is the percentage of your revolving accounts’ balances that you’re using.| www.experian.com
Experian analyzed credit data from Q3 2024 to review the major trends in consumer credit. Here’s how consumer debt and credit have changed since 2023.| www.experian.com