credit report

How to Build and Maintain Good Credit

Financial wellness calculator

Your credit score is a crucial part of your financial health. It measures the capacity of your credit, the proficiency of your money management and your financial responsibility. An excellent credit score can open the door to large loans with better interest rates, as well as employment opportunities and more. On the flip side, a poor credit score can be a strong barrier towards building wealth, funding large purchases and finding gainful employment.

Upcoming Changes to Medical Debt Reporting in Credit Reports

credit report

The three nationwide credit reporting agencies, Equifax, Experian and TransUnion, have announced they’re making changes in how medical debt is reported on a consumer’s credit report. The agencies could remove nearly 70% of medical debts from credit reports.

What’s changing?

The three credit reporting agencies have agreed to the following important changes to reporting medical collection accounts.

How Your Credit Score Impacts Your Financial Wellness

How Your Credit Score Impacts Your Financial Wellness

Your credit score is determined by many factors. It affects just about everything including housing, insurance rates, employment, as well as loan rates and loan eligibility. That’s why knowing what makes your credit score go up or down is important to your overall financial wellness. Here are some helpful tips about how your credit score is calculated, how it affects your life and how to improve your credit score.