BOOKMARK this PAGE for all of the latest news on credit
and how it can impact you!

Published 02/19/2021 by Fox Business: Credit score requirements for rentals are rising: What you need to know! Published 02/19/2021 by Fox Business

You may need even stronger
credit to rent a home these days. You may have heard the higher your credit score, the more financial flexibility you'll have. Having solid credit makes it more likely you'll get approved for a new credit card, auto loan, or mortgage. And if you're seeking to rent a home rather than buy one, strong credit could be your ticket to a lease.In fact, the average credit score required to get an apartment is on the rise. Over the past three years, it's increased by one point per year, reports RentCafe. And in a study of more than 5 million lease applications, the average credit score of U.S. renters was 638 in 2020.Not surprisingly, renters in higher-end buildings tended to have better credit -- an average score of 669. On the other hand, renters in low-end buildings had an average score of 597.Either way, having good credit could spell the difference between getting your name on a lease or having to move back with your parents. Or couch-surf in the absence of a landlord who's willing to take you on. And so, if yours isn't where it needs to be, here are a few things you can do to boost your credit score. To read the entire article, click on the link above.

Published 02/09/2021 by Experian: How will Credit Card Protections and Insurances change in 2021?

Credit card protections and insurance don't get as much attention as credit card rewards—but the long list of lesser-known card benefits is worth keeping an eye on. These perks often include purchase-related protections, such as extended warranties, as well as travel-related insurance, including trip delay and cancellation insurance. The benefits can save you money and put you at ease knowing that your purchases and travel plans are protected. However, the benefits, exclusions and coverage limits can vary by card, and issuers can change a credit card's benefits without notice. Below, we explore how card protections and insurance benefits may change in 2021. To read the entire article, click on the link above.

Published February 18, 2021 by TransUnion: Consumer Credit Activity Continues to Rise from Pandemic Lows; Auto Loan Subprime Performance Lags

Consumer credit activity picked up in the final quarter of 2020 as balances increased across most credit products and originations activity rose from the lows observed during the early stages of the COVID-19 pandemic. TransUnion’s (NYSE: TRU) newly released Q4 2020 Industry Insights Report also found subprime borrowers have followed the overall market trend, though this group’s activity has decelerated in the auto lending industry.  To read the entire article, click on the link above.