Yes, unpaid medical bills can significantly impact your credit score, particularly when they are sent to collections. Medical debt is a unique financial hurdle that can create lasting implications for your creditworthiness. Understanding how this process works is crucial for…
Using Cash App does not directly affect your credit score, as Cash App does not report transactions to credit bureaus. However, how you manage your finances and any linked cash advances can have implications for your credit. In this article,…
Closing an account can indeed affect your credit score, often negatively, especially if it’s a credit card. When you close an account, you reduce your total available credit, which can increase your credit utilization ratio—a key factor in credit scoring.…
Yes, your spouse’s credit score can affect your own, particularly when you apply for joint loans or credit accounts. Lenders evaluate both partners’ credit histories to assess eligibility and determine interest rates, meaning that one spouse’s poor credit score can…
Understanding how student loans affect your credit score is crucial for managing your financial future. In short, yes, student loans can significantly influence your credit score, both positively and negatively, depending on how you manage them. Effectively navigating your student…
Using Affirm can influence your credit score, but the extent depends on how you use their services. Affirm primarily conducts soft credit checks for eligibility, which do not affect your credit score. However, if you decide to finance a purchase,…
Using Affirm can impact your credit score, but the extent of that effect varies based on how you use the service. Affirm, a popular buy-now-pay-later platform, can either positively or negatively influence your credit profile depending on your payment behavior…