The Myth: Many people assume we each have three, and only three, credit scores, one from each major credit bureau: TransUnion, Experian and Equifax. After all, anyone with a Social Security number who’s ever possessed either a credit card or a loan also has a credit report from each of these bureaus. So it would seem only logical for there to be three corresponding credit scores. But that, as it turns out, isn’t true.
There are very few store credit cards for bad credit. Nearly all store cards require at least fair credit for approval, according to WalletHub’s database of 1,000+ credit card offers. But there are exceptions from time to time. Right now, the best store credit card for bad credit is the Fingerhut Credit Account. You can get it with a poor score and there’s no annual fee. Plus, it reports to the credit bureaus every month, which will allow you to build credit if you pay your bills on time.
Gaming is serious business. Globally, it’s an over $100 billion industry. One estimate puts combined gaming revenue between software and hardware at $149 billion, on par with that of the sports industry. That’s unsurprising with the number of ways there are to enjoy video games in the present day, from consoles by Nintendo, PlayStation and Microsoft to gaming PCs and mobile devices to simply watching others stream on a platform like Twitch or YouTube.
According to a 2017 Pew research poll, 60 percent of Americans aged 18-29 play video games “often” or “sometimes,” as do 53 percent of Americans ages 30 to 49. And pro gaming, or “esports,” is growing into a viable career choice for those with the best mechanical skills. For example, the Overwatch League, run by Blizzard Entertainment, carries a $1 million prize pool and a minimum $50,000 salary for each player.
Hockey is heating up in America. Both participation and attendance are up, for one. And fans who want to see the NHL live are willing to pay a lot, as their ticket prices exceed those of the NBA, on average.
It’s an exciting time of year for hockey fans, too, as the Stanley Cup finals are approaching. One of the teams, the Las Vegas Golden Knights, has the chance to become the second team to win the Stanley Cup during its inaugural season. In contrast, their opponents, the Washington Capitals, have never won the finals but have qualified for the playoffs 27 times.
With every new headline about a mass shooting, terrorist attack, hate crime or natural disaster, many of us fear for our safety and that of our loved ones. Just in 2017, four hurricanes struck the mainland U.S., killing over 100 people and devastating Texas, Florida, Georgia, South Carolina and Puerto Rico. And Louisiana led the U.S. in the homicide rate, averaging 11.8 per 100,000 people. Each state is safe from some dangers but falls prey to others.
Safety is a basic human need. We require some form of it, such as personal and financial protection, in every part of daily life. But we’re likely to feel more secure in some states than in others.
Numerous websites, including CreditBoards.com, operate so-called credit-pulls databases. These forums include crowdsourced information about which credit bureaus different issuers check when evaluating applications, what credit scores are needed to obtain various credit cards and the spending limits people are approved for.
U.S. economic growth depends heavily on the performance of individual states. But some contribute more than others. California, for instance, blossomed in 2017 as the fifth largest economy in the world, boasting a GDP larger than that of countries like the U.K., France and India. Meanwhile, Alaska, a state with valuable natural resources, is struggling with the highest unemployment rate in the country, at 7.3%.
In order to determine which states are pulling the most weight, WalletHub compared the 50 states and the District of Columbia across 28 key indicators of economic performance and strength. Our data set ranges from GDP growth to startup activity to share of jobs in high-tech industries. Read on for our findings, expert insight from a panel of researchers and a full description of our methodology.
The easiest way to see if you’re pre-approved for a credit card is to check a credit card company’s website. Most major issuers let you see which of their cards you’re preapproved for by simply entering your name, address and the last four digits of your Social Security number into an online form. This includes American Express, Bank of America, Capital One, Chase, Citi and Discover, just to name a handful. You can also go to a bank branch and ask if they have any offers for you. Or a pre-approved offer for a store credit card could pop up when you’re shopping online. And finally, you might receive a pre-approved credit card offer in the mail.
The average credit card interest rate for new offers is 18.88% as of the first quarter of 2018, according to WalletHub’s Credit Card Landscape Report. But existing accounts have an average interest rate of 13.08%. Both of those overall average credit card APRs have increased in recent years and will continue to do so as the Federal Reserve keeps hiking its target rate.
“Credit pulls” are the same thing as “credit inquiries” and “credit checks.” All of these terms refer to the act of checking a credit report. You can pull your own credit report, for example. As can a lender, employer, landlord or insurance company, under the right circumstances.
The terms “credit report” and “credit score” are often mentioned together, and for good reason. But they’re not quite the same thing. A credit report is a summary of your track record as a borrower. It lists the loans and lines of credit that you’ve used, any collections accounts or tax liens in your name, personally identifying information, and other key info. A credit score is basically a credit report’s contents expressed as a number. In other words, it’s shorthand for what your credit history says about how risky it would be lend money to you.
Job hunting is never easy. Between searching for employment openings, updating résumés, contacting references and preparing for interviews, it’s hard work. Luckily, the number of opportunities available is growing, with over 164,000 new jobs added in April 2018 alone and the unemployment rate at the lowest it’s been since 2000.
But finding a job can be even harder when you don’t know where to begin looking for work, which is why narrowing your search area can be important. And because that part requires a bit of research, WalletHub did the homework to help you focus on the most important task: finding your dream position in a place you’ll love.
A D&B Rating is a type of credit score used to evaluate the creditworthiness of small businesses. D&B, short for Dun & Bradstreet, is one of three major small-business credit reporting agencies, the others being Equifax and Experian. Business credit scores are not as familiar as personal credit scores. But they’re worth looking into if you own a business, whether it’s to assess your own company’s status or to check up on a potential business partner or borrower.
You don’t have to go away to really “get away” if you’re in need of a summer escape. And we don’t mean getting lost in your imagination or a gripping novel, however far those things can transport you. Rather, a “staycation” might be in order, especially if you aren’t inclined to drive or fly long distances or simply can’t afford to use your vacation time, the unfortunate reality for nearly a third of us who work.
There are certain places that offer plenty of options for entertainment and relaxation at the right price point, making those cities the perfect spots for staying local.
More than 7 in 10 0% balance transfer credit cards charge a balance transfer fee, according to WalletHub data. The average fee is equal to about 2.6% of the amount transferred. And that would cost the average household over $200, if they were to transfer their nearly $8,000 in credit card debt.
An , or a credit-based insurance score, is similar to a credit score. The main difference is that your auto insurance score predicts your likelihood of filing a claim as opposed to your odds of defaulting on a loan or line of credit. By analyzing years of data on credit scores and car accidents, insurers have found certain connections between financial misbehavior and motorist mistakes. In other words, people who are less responsible with credit are also more likely to have accidents. And insurance companies consider such behavioral patterns when pricing their policies.
A good APR for a credit card is 14% and below. That's roughly the average APR among credit card offers for people with excellent credit. And a great APR for a credit card is 0%. The right 0% credit card could help you avoid interest entirely on big-ticket purchases or reduce the cost of existing debt. But you generally need at least good credit to qualify for such a card, and 0% APRs only last for a limited time. As a result, the very best APR for a credit card is one you don't need to worry about. If you pay your bill in full every month, your credit card's interest rate is irrelevant because it will never apply. And you don't need a certain credit score to accomplish that.
A soft credit check is the type of credit inquiry, or credit pull, that does not hurt your credit score. Soft credit checks happen when you check your own credit report, for example, as well as when credit card companies pre-screen you for offers. In contrast, hard credit checks can lead to credit score damage, especially when you have many in a short period of time. Hard inquiries happen whenever you apply for a new loan or line of credit.
A fair credit score is usually defined as any score in the range of 620-659. Roughly 13.5% of people have fair credit, according to WalletHub data. The average person with fair credit is 47 years old and has an annual income of $54,000 per year.