Credit 101

Credit & Credit Score Basics Discussed in Details

Credit & Credit Score: Everything you need to know

Credit Is so important in today’s world!  That is why Bad Credit Lifeline is here to help make your credit as great as possible!

What is Credit?

Credit is a term that is used to portray your ability to borrow money, that you promise you will pay back over time. Credit is used through the world for many financial activities. Unfortunately, there are many people also have problems with credit. If you’re one of the many Americans battling bad credit or an overwhelming pile of bills, we have the advice & tools to help you fix and manage your credit! Below is the detailed information about credit!

Video: Understanding Credit

Some interesting Credit Facts

Average Credit Card Interest Rate = 14%


Average FICO Credit Score = 680


Total U.S. Consumer Debt = $11.4 trillion

80% Complete (danger)

What is a Credit Score?

Your credit score is a number given to each person by their social security number, and is used to signify how how trust worthy you are to lenders to borrow money. Almost all transaction have a financial risk, and the credit score is the number that signifies to lenders how big of a risk lending the money will be. A higher score tells them that the person is more then likely going to repay the money back.

Get your Free Credit Score from Credit Sesame

At Bad Credit Lifeline, we can help increase your credit score, and keep it at high levels!

Your Credit Score and How You Can Fix It

You Can Now Get Approved With Good Credit!

fixing your creditYour credit score is based on a number from around 300 with a maximum of 850. If you have a credit score lower then 650 you should work hard to try and increase it, as credit is so important in today’s world. At Bad Credit Lifeline, learn how to fix your credit if you have a very low credit score. Also learn about additional things that can effect your credit score that you typically wouldn’t think would. Finally be told all about all the credit myths that people think are true.

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