2018 is here and with it comes new goals, hopes, and optimism. That includes some ambitious expectations for the new year, as millions of Americans make the resolution to finally get out of debt, save to buy a house, or just improve their finances. Of course, getting your credit score in New Year’s form is essential for any of those, so we present you our 18 ...Continue Reading →
Credit repair organizations provide a valuable service to consumers, helping to increase credit scores by holding credit bureaus, banks, debt collectors, and lenders accountable for reporting accurate information. However, like with any financial service, it’s important for consumers to know their rights and make sure the credit repair company they hire is following all laws and regulations.
So what’s the most important thing to look for ...Continue Reading →
If you’ve been toiling with a low credit score due to a tax lien, civil judgment, or similar negative item being reported, you’re in store for some good news coming very soon. Starting this summer, millions of Americans will be getting a credit score boost even if they haven’t paid down debt or don’t anything else to ...Continue Reading →
Amid our current rosy good news of stock market surges and economic growth, there sits an extremely prickly thorn: high credit card debt. In fact, the levels of U.S. consumer credit cards and other personal debt have reached levels not seen since the debt parade stopped in 2008 with the U.S. financial collapse.
In fact, as of 2016, our collective consumer credit card debt climbed to $927.1 billion, ...Continue Reading →
There are many reasons why a record number of consumers are getting shut out of traditional lending, unable to get a mortgage, auto loan, or even a single credit card. In fact, millions of Americans suffered significant damage to their credit scores through the Great Recession, leaving them with foreclosures, bankruptcies, and a whole lot ...Continue Reading →
Loan officers and mortgage brokers often see potential home buyers fall a few points short of qualifying when it comes to credit score, but that doesn’t mean they need to be turned away. In fact, there are strategies we can employ to increase a borrower’s credit score by 5, 10, or even 25 points in a short period, allowing ...Continue Reading →
Anyone who’s in the mortgage business knows that the halcyon days of an easy refi boom driven by historically low rates is probably over, which means that credit score will be more important than ever in getting a borrower approved for the right loan product. But even if you pull their credit and they fall ...Continue Reading →
It’s 2017, and that means it’s the perfect time for you to get your finances in order – starting with an improved credit score. Here are 17 great tips for improving your credit score in 2017:
- Keep your credit card balances low. The most effective way to improve your credit score is to pay down your ...
What’s in a number? When it comes to credit scores, it turns out a whole lot! Here are 20 illuminating statistics about credit score that we updated with the most recent data for 2016:
1. The average FICO scores, the most commonly used model with a range from 300 to 850 points, is 699 as of July of ...Continue Reading →
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 ...Continue Reading →