CREDIT SCORE — ALL YOU NEED TO KNOW
At first glance, a credit score is just a three-digit number, but this number is what actually influences your financial life a lot. Whether you want to get a payday loan or need money to fund your wedding, you’ll get your score checked by a potential lender. If it’s high enough — you’ll get your loan application approved. If you weren’t careful with your previous payments and the score is low, there is a chance you won’t get a loan or will get it on worse terms.
People often get confused when it comes to their credit scores. How do I learn what my score is? I didn’t take any loans in the past, why is my score so low? How do I improve my score if I need money right now? We are here to answer these questions.
Take a look at the infographics below and know what to expect when applying for a loan with GetCash.com.
- Dornhelm, Ethan (2019). FICO. “Average U.S. FICO Score Ticks Up to 706.”
- Horymski, C. (2022, February 22) Experian. “What Is the Average Credit score in the U.S.?”
- Lake, Rebecca (2022). Investopedia. “How To Improve Your Credit Score”
- Stolba, Stefan Lambo (2021). Experian. “Experian 2020 Consumer Credit Review.”
- Stolba, Stefan Lambo (2019). Experian. “The Elusive 850: Experian Reveals Traits of Consumers With Perfect FICO® Scores.”
- Wendel, Stefani (2020). Experian. “State of Credit 2020: Consumer Credit During COVID-19.”
- Experian. “The Ultimate Field Guide to Understand and Improving Your Credit