What’s your credit score?
It may be a solid 730, a somewhat diminished 690, or even a less-than-ideal 645.
Or, it can be all three of those at the very same time – and more!
How is that possible?
Remember that there’s more than one version of your credit score. In fact, there are dozens of versions of scores, based on different credit bureaus, ... Continue Reading →
At first glance, you may think they’re the same thing – complex software algorithms that crunch credit reports and spit out a credit score based on that data. Digging deeper, we even see that the scoring models known as VantageScore and FICO have similar goals: to gauge the risk of a consumer falling behind at least 90 days on one ... Continue Reading →
On March 27th, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a $2 trillion package intended to inject the economy with much-needed funds.
Most of you are aware of the CARES Act by now, and familiar with the stimulus checks that are (supposed) to be mailed out to tens of millions of Americans soon or the ... Continue Reading →
Are you making mistakes when it comes to your credit score? A lot of consumers may think they have a good idea of how to manage their credit, but keep making these same errors, over and over. Avoid these credit mistakes your FICO score will be on the rise!
The 8 most common credit mistakes:
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- Worrying too much about having your credit ...
FICO is the preeminent credit reporting service in the United States, with 90% of all lending decisions in the United States dictated by FICO every single day. While there’s a lot of useful information about FICO (including our recently-published eBook), one aspect of credit reporting and scoring still creates some confusion: inquiries.
So today ... Continue Reading →
I recently came across a report issued by FICO, the preeminent credit scoring agency in the world, entitled “Understanding FICO Scores: What you need to know about the most widely used credit scores.”
In order to further educate you about FICO and how you can keep a great credit score, today I’ll summarize some of ... Continue Reading →
Turn on the TV news, read the headlines or social media, or even pick up your daily newspaper and you’ll probably encounter a lot of talk about the economy. In fact, I wouldn’t be surprised if you read about financial statistics like our U.S national debt, unemployment rates, and even homeownership rates. But ... Continue Reading →
When it comes to credit score, debt, and personal finance, 2017 was one of the most tumultuous and polarizing years on record. We saw the stock market surge, the real estate market come roaring back to pre-2007 levels, and the nation’s average credit score reach 700 for the first time ever.
But we also experienced surging credit card and debt levels, the Equifax hack and other mass data thefts that compromised the records of almost 200 million Americans, and skyrocketing rents ... Continue Reading →
When was the last time you checked your credit? Was it six months ago? The last time you refinanced or purchased your home? Or even years ago, so far back you’re not even sure?
Well, just like getting your teeth cleaned at the dentist, getting your oil changed, and filing your taxes, you should be checking your credit report carefully at regular periods.
However, ... Continue Reading →