A closer look at FICO’s many versions of your credit score.

A closer look at your different FICO scores:

What’s your FICO score? No matter what you respond, your answer will be wrong – or at least incomplete – because FICO actually has several scores for each score holder. In fact, FICO, the metric for consumer credit scoring introduced by engineer William Fair and mathematician Earl Isaac in 1956, has evolved from one general score into myriad ...

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21 Financial Red Flags (Part 2)

These days, so many people are struggling financially, failing to save, awash in debt and student loans, shut out from home ownership, and wondering how they’ll retire comfortably. So it’s more important than ever to identify the red flags in our financial picture, and then fix them.

In part one of this blog we covered the first 7 financial red flags to look for. Here are 7 more to identify in case you’re inadvertently sabotaging your finances, and most importantly, action ...

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What do Donald Trump, big-time gambling, and early odds for the 2020 election have in common?

A lot was riding on this past US presidential election. It wasn’t just the fate of the nation being decided; whether we’ll be led the next four years by Donald Trump or Hillary Clinton in the White House. It wasn’t just policy, law, the economy, peace, or liberal vs. conservative doctrines teetering in the balance. In fact, there was a lot more riding on who came out a winner as POTUS in the early morning hours of Tuesday: money.

That’s because ...

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Fannie Mae’s Risk Based Pricing benefits mortgage applicants with high credit scores.

Approving mortgages is all about assessing risk, as underwriters scrutinize every detail and shred of data in hopes of accurately predicting if a potential borrower will pay their mortgage on time every month – or default.

That’s good news for consumers that are good stewards of their financial affairs since keeping a great credit score, a low debt load, and plenty of assets will help them get approved for the best low-rate mortgage loan when it comes time to refinance or ...

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money-really-can-buy-happiness

It turns out money really can buy happiness!

“Money can’t buy you happiness,” is a mantra we tell ourselves regularly, put on bumper stickers and even teach our children. But is it true?

Probably not, it turns out, as studies point to the positive correlation between income and levels of happiness. So having more money really will make us happier?

Somewhat, but there are certain important distinctions to make before we start blindly chasing dollar signs in hopes for inner bliss.

First, we’ll go over the research:

One of the first stabs ...

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celebrity-credit-reports-hacked

Have you ever wondered what’s on Jay-Z, Kim Kardashian, or even Oprah’s credit report? This data hack reveals the private financial lives of top celebrities and politicians.

No one is safe from data breaches and credit report hacks, even the top celebrities and politicians in the U.S. – including those in the White House. That’s the lesson we’ve learned over the past couple years, as hackers have infiltrated some of the most famous people in the world, making their sensitive financial and credit information public.

In one such case, a suspected Russian hacker group released the credit reports of 17 politicians, musicians and celebrities, including their most intimate ...

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vanity-credit-repair

​Vanity, Incorporated. Just how much do we spend on looking good?

Looking good is big business around the world, but no one spends more on cosmetics, beauty products, surgeries, and grooming than people in the U.S. In fact, in 2015 alone, the beauty industry generated $56.2 billion in the United States (to put it in perspective, the medical technology industry makes only $44 billion every year).

But is our spending on vanity out of control? You be the judge once you read these facts about the beauty industry:

Goldman Sachs estimates that the ...

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fastest-growing-companies-credit-repair

BWC makes the Sacramento Business Journal’s list of Fastest Growing Companies in the region for the second year in a row.

Blue Water Credit has done it again – ranking as one of the fastest growing companies in the Sacramento region, as recognized by the Business Journal. The “Biz Journal”, the preeminent business and commerce news source in the California capital, releases an annual list of the 50 fastest-growing companies in Sacramento, Placer, and El Dorado counties, and 2016’s list shows that Blue Water Credit has earned the prestigious designation not just once, but twice in a row now.

The list, compiled ...

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trended-data-use-credit-hisory

Trended Credit Data is the new “trend” in Fannie Mae underwriting

There is a new “trend” in mortgage loan underwriting, but thankfully, it’s not Pokémon Go, skinny jeans, or wearing a smart watch. Instead, the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, announced that they will soon require all lenders to use “Trended Credit Data” when underwriting single-family homes for mortgage loans.

In case you’re not up on the latest “trends” (if you see hundreds of young people walking around like zombies at your local park staring at ...

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