As interest rates continue to increase, credit has tightened and loans are more challenging to access. What does that mean for you going forward? The Federal Reserve started increasing interest rates back in March of 2022 as a way to tamp down the quickly rising inflation rate. Between then and now, interest rates have increased […]
Why Your Credit Score Matters
Your credit score is a three digit number that determines your creditworthiness through a variety of factors. The value varies between 300 and 850, with 300 indicating a potentially high-risk borrower and 850 indicating very low-risk. Having a higher credit score is better, as it suggests to lenders that you’re more creditworthy — and therefore likely to pay back debts […]