The Looming Credit Crisis: How Student Loan Delinquencies Can Drop the Credit Score of Millions of Americans

Millions of Americans are on the brink of a credit crisis as student loan delinquencies are now starting to appear on credit reports for the first time since the pandemic. According to a recent analysis by the Federal Reserve Bank of New York, more than 9 million...

Do You Have to Pay a Loan Application Fee? 

When you’re preparing to submit a loan application, the lender may inform you they charge a loan application fee. These fees reduce out-of-pocket processing costs for the lender and make their borrower transactions more profitable.  Loan application fees are common...

What Are the Basic Types of Credit Cards?

IDIQ is not a bank, lender, tax advisor, or insurance company. Offers made on this page may come from our advertising affiliates, and we may earn a commission when you purchase products or services. There are many credit cards to choose from, which might be...

Can Old Addresses Be Removed from Your Credit Report?

It makes sense for your credit report to contain old credit account information or even loans you settled years ago. But, sometimes, you might be surprised to find old or inaccurate addresses. Don’t worry – most people often find themselves in this situation. So, why...

When Is Debt Relief Necessary? 

Are you drowning in debt, struggling to keep up with payments? Debt relief can be a lifeline. But what exactly is debt relief? When is debt relief necessary?   This article explores what debt relief is, the signs that you might need it, and the different options...

Why Credit Monitoring is Essential for Veterans 

Veterans and service members face unique challenges, especially when it comes to credit health. Strong credit is essential, as it affects access to important needs like housing, loans, and a secure financial future.   Credit monitoring helps veterans and active duty...

What Happens If You Go Over Your Credit Card Limit?

Trying to keep your spending under your credit card limit can be stressful. Sometimes, using up almost all of your available credit might be necessary. But what happens if you go over your credit card limit?   Credit cards are crucial for managing daily expenses and...

What is Credit Monitoring and Why is it Important?

Credit monitoring refers to a tool that alerts you of changes in your credit report and credit scores. It’s a great tool if you want to work on your credit and financial health because it allows you to watch your progress and adjust your behavior to reach your credit goals.

How to Improve Your FICO® Auto Score

Looking to buy your dream car? Having a strong credit score is an important early step in the process. Your creditworthiness determines the terms of your auto financing, making it crucial to understand how to enhance and maintain a strong credit profile. The most...

Does Debt Relief Hurt Your Credit? 

Are you struggling with debt, overwhelmed by multiple payments? You're not alone. Many people find themselves in this situation, and debt relief programs may seem like a tempting solution. But before diving in, a critical question emerges: does debt relief negatively...

Recent Articles

Top 10 MyScoreIQ Blog Posts of 2023

Top 10 MyScoreIQ Blog Posts of 2023

This past year you’ve looked to the MyScoreIQ blog for advice, making the following articles your go-to guides for navigating the sometimes-murky waters of credit scores and financial wellness. From conquering debt collector misreporting to handling credit after a loved one's passing, take a look at the top-performing MyScoreIQ blog posts of 2023. Top MyScoreIQ Blog Posts of 2023 Can Old Addresses Be Removed From Your Credit Report? How to...

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7 Steps to Prepare for Retirement

7 Steps to Prepare for Retirement

While approaching retirement is exciting, it demands thoughtful planning and strategic decision-making. As you transition from your career into the golden years, envisioning the life you desire after the daily grind is essential. This guide helps you determine what steps to take to prepare for your dream retirement, navigating through seven steps to prepare for retirement. From setting expectations to navigating the intricacies of healthcare...

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How to Save For a Down Payment in 2024

How to Save For a Down Payment in 2024

Planning on buying a home in 2024? This comprehensive guide provides practical insights on how to save for your down payment, empowering you to meet your real estate goals for the year. Here are nine key tips on how to save for a down payment in 2024. How to Save For a Down Payment 1. Evaluate Your Finances When embarking on the journey to save for a down payment, the first step is to thoroughly assess your financial situation. This crucial...

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How to Manage Money as a Couple

How to Manage Money as a Couple

With the right approach, learning to manage money as a couple can strengthen your bond and help you build a successful future together. Whether you're newlyweds navigating joint finances for the first time or a long-term couple seeking to optimize your financial strategy, this guide lays out a clear roadmap for managing money as a team. 7 Tips to Manage Money as a Couple 1. Practice Open Communication Encourage open and honest discussions about...

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How to Help Improve Your Credit in 2024

How to Help Improve Your Credit in 2024

Was your New Year’s resolution to improve your credit? Maybe you crave a tropical vacation, want a new car, dream of owning your own home, or simply want the peace that comes with healthy finances. A strong credit score is the key that helps unlock many of these opportunities. If you are looking to broaden your financial horizons, this can be the year you take your credit to the next level. Here's how to help improve your credit in 2024. 3 Ways...

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How Does Identity Theft Affect Your Credit Score?

How Does Identity Theft Affect Your Credit Score?

The threat of identity theft continues to snowball in today's digital age, affecting millions every year. Identity theft can damage your finances in a variety of ways, but how does identity theft affect your credit score? Here, we delve into the various forms of identity theft, common tactics used by identity thieves, and, most importantly, how identity theft can affect your creditworthiness in the eyes of lenders and credit bureaus. What Is...

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What is a Holiday Loan?

What is a Holiday Loan?

Do you ever feel overwhelmed during the holidays? The holiday season is a joyful time for festivities with family and friends. But it can also be a time of financial stress. If you're looking for ways to cover holiday expenses, a holiday loan can be a suitable option. But what is a holiday loan? A holiday loan is a type of personal loan designed to help borrowers cover the many expenses associated with the holiday season, such as gift shopping,...

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Does Business Bankruptcy Affect Your Personal Credit?

Does Business Bankruptcy Affect Your Personal Credit?

If your business has faced financial hardship, you may have considered filing for bankruptcy. It's a tough decision, but sometimes it's the only way forward. However, there's a looming question for most people when it comes to business bankruptcy: Does business bankruptcy affect your personal credit? Let's delve into the different types of business bankruptcies and how each of them can affect your credit. What Are the Types of Business...

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Does a Car Accident Affect Your Credit Score?

Does a Car Accident Affect Your Credit Score?

Car accidents can have a substantial impact on various aspects of life. One of those consequences is the potential for your credit score to be affected. Accidents can cause not only physical and emotional repercussions, but financial implications as well. Car repairs, medical bills, and other costs can have a detrimental impact on one’s well-being. These unexpected expenses can strain your budget – leading to missed payments, collection...

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10 Strategies to Save on Holiday Shopping

10 Strategies to Save on Holiday Shopping

The holiday season is a joyful time of celebration with loved ones, but it can also be a time of financial stress. Between buying gifts, decorating, and preparing for festive feasts, your expenses can quickly add up. However, with a little planning and the right holiday shopping plan, you can make the most of your budget and enjoy a holiday season with less financial burden. Here are 10 strategies to save on holiday shopping: 1. Black Friday...

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