Learn what collateral is and how it factors into certain types of loans, like a mortgage, home equity loan, auto loan and secured personal loans.| www.experian.com
The negative credit effects of a vehicle repossession can include late payments, default, collections activity and court judgments. Learn more.| www.experian.com
Learn how long collections stay on your credit report, the impact collection accounts have on your credit scores and how to avoid collections altogether.| www.experian.com
Learn how closing a credit card affects your credit score, how to decide when to keep or close a credit card and alternatives to closing your card.| www.experian.com
Learn when it makes sense to close unused credit cards and why it’s better to keep unused credit cards open. Plus review tips on how to cancel a credit card.| www.experian.com
The most important factor of your FICO Score is your payment history, which makes up 35% of your score. Here’s what other factors matter.| www.experian.com
Credit cards are a great way to build credit when used responsibly. Here’s how you can start building credit with a credit card.| www.experian.com
Data show that average FICO Scores rise steadily over a consumer’s lifetime. The largest jump happened from 50s to 60s. Find out how each age group ranks.| 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
A good credit score is beneficial to your finances. Learn all the basics about how credit scores work and how to improve your credit scores.| www.experian.com
Being added as an authorized user on someone else’s credit card can help you build credit. Here’s what you need to know about becoming an authorized user.| www.experian.com
Closing an account can affect your credit and make your credit scores temporarily drop. Find out why and when it makes sense to close your accounts.| www.experian.com
Learn when late payments get reported to the credit bureaus, how they affect your credit score and how long late payments stay on your credit report.| 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
While the length of your credit history impacts your scores, it is not as important as other factors. Learn how credit history works and what to focus on.| www.experian.com
You can “fix” a bad credit score by paying bills on time, keeping credit card balances low and applying for a secured credit card or credit-builder loan.| www.experian.com
Learn how to dispute credit report information online, by mail or over the phone. Plus review what happens after you submit a dispute and possible outcomes.| www.experian.com
The average credit score is 715 and most Americans have scores between 600 and 750, with 700+ considered to be good. Find out more on how you compare.| www.experian.com
Learn why auto insurance companies consider your credit when issuing a policy, how credit-based insurance scores work and what other factors they review.| www.experian.com
A hard inquiry happens when you apply for new credit, such as a car loan. Learn what it means on your credit report and how it affects your score.| www.experian.com
An Experian analysis found that America's average credit card balances increased by 3.5% from 2023 to 2024. Here are the latest credit card debt statistics.| www.experian.com
Experian analyzed the credit scores of Americans to find the average credit score in the U.S. Compare how credit scores differ across the U.S.| www.experian.com