Median Fico Score vs. Average Fico Score
The median Fico score in the US has is 723, and has remained the same for many years in a row. A median credit score is a much better indicator than an average credit score. Average by itself can be …
Category: Credit Scores
Sample Letter for Closing a Credit Card Account
This is a sample letter for closing a credit card account that you can send to the credit card company when you want to close an account. Send your letter via certified mail, return receipt requested, so that you have …
How to Close Credit Card Accounts
If you have too many credit cards, closing some of them is a good way to simplify your financial life. Having numerous unused credit cards sitting is your drawer is also asking for trouble with respect to fraud and ID …
Paying credit card before statement date improves your credit
Paying credit card before statement date can improve both your credit score and debt-to-income ratio, and may increase your chances of getting approved. Even if you always pay your statements in full and don’t carry balances on your credit cards, …
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