Tag credit score components

Credit Score

Do Late Payments Affect Your Credit Score?

Yes, late payments can significantly hurt your credit score, usually resulting in a drop of 50 to 100 points depending on various factors. This decline can have long-lasting effects on your financial health, making it crucial to understand how late…

Hannah Edwards
January 22, 2026

Credit Score

Understanding the Average Credit Score: What You Need to Know

The average credit score in the United States typically hovers around 700, which is considered a good score. This figure plays a crucial role in determining your financial opportunities, such as securing loans, credit cards, and favorable interest rates. Understanding…

Hannah Edwards
January 10, 2026