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What’s in a Credit Score: Your Credit Portfolio

by Bethy Hardmen on September 21st, 2011

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For the past couple of months, we’ve been brushing up on credit scores. At CreditKarma.com, credit scores are our bread-and-butter and we like to spread the knowledge with all of you Cute Geek readers.

Our first installment discussed how your credit utilization rate affects your credit score. Then we covered what factors in your credit history impact your score. For this final installment, we’ll be talking about how your credit portfolio factors into your credit score.

The two main pieces of your credit portfolio are the average age of your open credit lines and your total number of credit accounts.

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What’s in a Credit Score: Your Credit History

by Bethy Hardmen on August 19th, 2011

cg score

At CreditKarma.com, we know credit scores. We know the ins and outs, what keeps them strong and what damages them. We’re sharing some of that knowledge with you CuteGeek readers so that you can take control of your credit life.

Last time, we discussed your credit utilization rate and how important it is in determining your credit score. Today, we’ll talk about how different aspects of your credit history factor into your credit score. The two main pieces in your credit history are your percentage of on-time payments and number or derogatory marks.

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Credit Karma Tidbit #6: Buying vs. Leasing a Car

by Bethy Hardmen on June 24th, 2011

It’s time for you to replace the car you’ve been driving around since high school. It’ll be sad to say goodbye to “The Silver Bullet” (or whatever you’ve nicknamed your vehicle), but now you’re faced with your next important decision: Should you get an auto loan or lease a car?

Some people are able to save up the cash to pay for a new or used car outright, but many of us will be paying for a lease or loan for several years. In fact, four in ten of us are currently paying on an auto loan, according to the latest Credit Karma data.

One great thing to note is that both options, whether you lease or buy, can help you build your credit. But there are also several differences between the two financing options. Here are some helpful guidelines to get you started.

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Favorite Website of the Week: CreditKarma.com

by Radiris Diaz on January 25th, 2010

Living the advertised life comes with a high price in the US. We see nice things & we want nice things. We get nice things & then we want more nice things. Many of us live within our means, but too many of us don’t know what that means.

CreditKarma.com is here to help – not to make you change your style of living or anything, but to help you keep track of your credit score and finances. There are many tools to help you accordingly plan your financial goals through calculators, credit simulators and also special offers from credit cards.

I visit this site at least on a monthly basis to find out how my ‘score’ is doing.

Although it is a weighted average of your score, and while the site does not require the extensive background check that other websites may ask of you, I guarantee it. There is nothing to lose and a piece of mind and an improved credit score to gain.

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