You can use our reports to determine the types of accounts you have open, your credit utilization, and many other important metrics that you need to know in order to understand where you stand on the credit range.This will help you determine your financial health.When you open a new line of credit, a few immediate changes are usually made to your credit report.Most instantly, a new hard inquiry will probably be added to your report, and your average age of credit history could drop.Credit is simply the ability for a consumer to be able to borrow money in order to purchase a product or service.You can get credit from a grantor (for example, from a bank), to whom you will need to pay back the full amount and possible interest charges that might add up over the period of time.
We’ll show you personalized, objective savings recommendations on home loans, credit cards, auto loans and more.
There are only certain factors that can affect your credit score.
Some of those factors are your payment history, credit utilization rate, credit age, account types, and the amount of credit inquiries you have on your account.
When you check your credit score for free with Credit Sesame it makes no impact on your credit score since it is a soft credit check, not a hard credit check.
When doing a soft credit check you are only pulling your credit score to view how you are performing, not because you are applying for a loan or other type of credit that you are hoping to get approved for.
Specifically, bad credit ranges from 300 to 629, fair credit ranges from 630 to 689, good credit ranges from 690 to 719, and finally, excellent credit which ranges from 720 and to 850.