Lenders look at your credit report every time you apply for credit, but many people don’t know what their credit score is or how the score is calculated. Hopefully, if you are a regular reader, you are on the up and up! But here is the low-down on how it works behind-the-scenes before we give [...]
Posts Tagged ‘credit balance’
How to Understand Credit Reports and Credit Scores
July 24, 2008Will Closing Credit Card Accounts Help Your Credit Score?
May 29, 2008Quizzle is a Knowledge Partner on Yahoo! Answers and frequently helps folks there with questions about personal finance and credit. One question that seems to come up frequently is: will closing credit card account boost my credit score? The short answer is generally, no. Roughly 30 percent of your credit score is “amounts owed,” which [...]
