Can you do better than the average person on this credit score quiz?

The average person will get 13 out of these 20 questions correct for a 65% score. Can you do better?

 

True or False:

1. Pulling your own credit report will hurt your score.

True

False

2. When different vendors pull your credit score as you “shop around” for a loan, it will always hurt your credit score.

True

False

3. There is only one version of your credit score.

True

False

4. According to federal law, employers are not allowed to check an applicant’s credit report when hiring.

True

False

5. Everyone is assigned a ...

Continue Reading →

Everything you need to know about vacating a judgment (and getting it off your credit report!)

Is your credit report relatively clean, except for one big, ugly item that won’t go away – a judgment? It’s a fact of life that some disputes – with landlords, collection agencies and other debtors – sometimes end up with a judgment against you. If that’s the case, we have good news, as it may be possible to have a judgment against you dismissed (called ...

Continue Reading →

Blue Water Credit’s top-10 blog posts of 2016.

As the confetti falls on another New Year and the calendar page flips to 2017, we’re reminded by how truly incredible 2016 was. To commemorate the last 365 days and say goodbye to 2016, we decided to put together our top-10 blog posts of the year, as determined by reader views.

As always, thanks for reading, sharing, and follow Blue Water Credit, and please reach out to us if you need any advice or help with your credit score in 2017. ...

Continue Reading →

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 ...

Continue Reading →

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 ...

Continue Reading →
20-surprising-facts-about-your-credit-score-pt-1

20 Surprising Facts About Your Credit Score (Part 2)

Do you fully understand how your credit score it calculated and reported? You probably know that you should always pay your bills on time, not max out credit cards, and keep up to date on your mortgage, but if you’re still a little shaky on how the rest of it works, you’re not alone. However, there’s a whole lot beyond the basics of credit score and sound financial practices that the vast majority of Americans have no clue about!

In Continue Reading →

20-surprising-facts-about-your-credit-score-pt-1

20 Surprising facts about your credit score

Do you fully understand how your credit score it calculated and reported? You probably know that you should always pay your bills on time, not max out credit cards, and keep up to date on your mortgage, but if you’re still a little shaky on how the rest of it works, you’re not alone. However, there’s a whole lot beyond the basics of credit score and sound financial practices that the vast majority of Americans have no clue about!

Here are ...

Continue Reading →
what-can-lower-your-credit-score-in-china

In China, dissenting political remarks, traffic violations, and even not visiting your parents enough can lower your credit score!

Many people are slightly confused as to how credit scoring works here in the U.S., with different scores, three separate credit bureaus, and even multiple scoring models. But our credit scoring system is downright easy compared to the system of credit in China – where confusion and even bizarre factors abound.

In fact, one of the things that could potentially drop your credit score in China is if you have elderly parents and don’t visit them enough! Believe it or not, ...

Continue Reading →
Page 1 of 3 123