Many people are aware of the important role the credit rating plays in their lives. However, understanding what actually goes into a credit score (the credit score breakdown) might present a bit more difficult. There are several different methods of scoring, but most lenders and banks rely on the FICO method that has been in...

Raise your hand if you were one of the millions of people who promised yourself you’d only use your credit cards for an emergency. Everyone who read this just raised their hand, and that’s because no one takes on a line of credit with the intent of falling into debt. It happens, though, and then...