Student loans are a major financial commitment and not just because of the long road to repayment. They can also have a ...

If you're trying to boost your credit score, you've probably asked yourself a common question: "How long does it actually ...

Amounts owed: "Credit score calculations consider the amount of debt you owe, which includes the amount you owe on an installment loan like a student loan," said NerdWallet. Having a large debt to ...

This is one of the biggest factors used to calculate your credit score. The more history you have on your credit i.e., of consistent repayments, the better your credit profile image is to lenders.

Your credit score calculation includes various elements such as historical borrowing data along with how you repay loans as well as your overall credit management practices.

While mobile bill payments don't directly affect your credit score, but timely payments can boost creditworthiness. Unpaid bills sent to collections can lower your score.

Both are similar, though there are slight differences in the factors used to calculate your credit scores and score ranges. Under the FICO model, a good credit score falls into the 670-739 range.

Your payment history is a major factor in your credit score calculation. Pay down credit card and loan debt to reduce your credit utilization rate. Utilization also has a strong impact on your score.

From there, other important factors in your credit score calculation include the length of your credit history, the type of credit accounts you have, and the number of new loans or credit cards ...

The APR, or Annual Percentage Rate, of a loan is the amount of interest you’ll be charged in one year for that loan. The APR is determined by the interest rate for your car loan. It also includes fees ...

FICO and VantageScore credit scores span from 300 to 850. The higher your score, the more likely you are to secure loans, ...