Settling a debt can provide relief for your finances, but the impact it has on your credit score may surprise you.

Which credit score do mortgage lenders use? Fannie Mae and Freddie Mac use FICO scores to determine borrower eligibility for ...

The average FICO Score fell in April, weighed by delinquent student loan borrower. More borrowers are expected to follow suit ...

A credit score of 800 or above is considered excellent and has the same benefits as a perfect 850 score. Benefits of an 800 credit score include better credit offers, lower interest rates and ...

Federal student loan borrowers should start repaying their loans so as not to affect their credit scores. A pause on credit ...

“Numbers go in and come out, but it's kind of like, ‘What is it?” Your credit score is calculated using five key metrics, some weighted more heavily than others. Payment history (35%): The ...

After a nearly three-year freeze on mandatory payments, the U.S. Department of Education is phasing out its lenient approach ...

While a drop in the nation’s average credit score may sound minor, it belies a major crisis for student loan borrowers. Olive Burd / Money; Getty Images Federal student loan borrowers are ...

Their work has appeared in The Associated Press, USA Today ... sometimes called "average" credit, are generally aimed at those with FICO scores in the low to mid-600s. These cards can help ...

Prior to Forbes Advisor, she also covered credit cards and related content for other national web publications including USA TODAY ... Credit Score ranges are based on FICO® credit scoring.

The U.S. Department of Education estimates more than 9 million borrowers are at risk of falling into default over the next several months.