#credit-scores

#credit-scores

A strong predictor of an adult's bill-paying habits is the environment in which they grew up, revealing lifelong differences in repayment behavior by early adulthood.

According to the New York Fed, superprime U.S. borrowers-those with credit scores above 760-who carry unpaid student loan balances are expected to see their credit scores drop by an average of 171 points this spring.

"People take paying rent seriously," Allbee said. "What we're hoping is that people who are making this financial commitment and doing the right thing, see their credit increase."

A high credit score does not equal success. You can have a credit score well above 700 but still have financial obstacles.

If you're unsure which one is easier to get, understanding how each works can help you choose the right option.

Bankruptcy can offer a fresh start to those in financial distress, but it comes with consequences like liquidation of assets and credit damage.

Dave Ramsey argues that contrary to popular belief, you don't need a credit score to buy a house; even a 0 credit score can suffice through manual underwriting.

According to research from Operation HOPE, people in neighborhoods with an average credit score of 700 or higher can live 10 to 20 years longer than those in areas where the average score is around 580.