Managing Credit Fincap Fridays

How To Get Extra Credit

Before loaning you money, banks will look at your FICO credit score to determine if and how much money they will lend you. FICO has announced they are creating a new ultra credit score that also looks at your checking account.

The Credit Deep Freeze

Over 140 million people’s data was stolen when Equifax, a credit reporting company, was hacked. Many minors think they aren’t affected by this, but they are actually one of the groups with the highest risk of identity theft.

Move Over, Millennials

The first big wave of Gen Z has just become old enough to take on credit card debt, home mortgages, car loans, personal loans and student loans. Gen Z is borrowing less money after seeing the amount of debt Millennials had.

Credit Crunch

In January 2020, FICO announced the release of a brand new scoring model called, which affects the credit scores of 110 million people. With the new model, come changes to what impacts your score and what doesn't.

Got Student Loans? You're Not Alone

Many people are using the phrase "student loan debt crisis" to describe the current situation regarding the amount of Americans who have outstanding student loan debt and the ballooning amount owed in total.

Fed Up!

Many people knew federal funds rate reached zero due to the impact of coronavirus. But, while the media covers the Fed changing rates each year, most have no clue what this means or what the Federal Reserve actually does.