Did you know that some people don't have credit scores? If you don't have much information in your credit reports, or if you haven't had a loan or credit card for a long time, you might not have a credit score. This is also known as having a thin credit file. According to the Consumer Financial Protection Bureau (CFPB), 9.8% of adults have no credit scores because their credit files are too thin. If you're in this group, you'll find it difficult, or even impossible, to do things like borrow money or lease ...

Improving your credit score can have a huge impact on your finances. A good credit score makes it easier to borrow money for a major purchase, like a home or vehicle, and qualify for the best interest rates. Whether you’re building credit from scratch or trying to improve your score, boosting your credit score in the new year is a reachable goal. But achieving an excellent credit score isn’t something that happens overnight. We’ll walk you through the basics of credit scores and give you the tools to make ...