10-surprising-things-that-can-hurt-your-credit-score

10 Surprising things that could hurt your credit score

Most of us understand the basics about credit reporting and what might hurt our score – missing a mortgage payment, maxing out a credit card, or shopping around for too many loans at the same time. But there are plenty of little known credit pitfalls, too, including these ten:

1. Overdue library books
Remember that book you checked out from the local library 3 ½ years ago that you never returned because it fell in between the seats of your car? ...

Continue Reading →
young-people-are-struggling-mightily-with-credit-scores

Young Money; Why young people are struggling mightily with credit scores.

Do you remember when you first went to college or finished high school and entered the working world and got your first credit card? While you may have felt like an empowered, responsible adult and used it to charge some really important purchases, like CDs, new clothes at the mall, and a lot of late night pizza, chances are that you made a few mistakes with that card along the way, dinging your credit substantially.

Some things change, but some ...

Continue Reading →

The Top-10 Blue Water Credit Blog Posts of 2015

As 2015 comes to a close and we look ahead to 2016 with fresh hope, optimism, and lofty goals, eager to face the challenges it will hold. But before we turn off the lights on 2015, we wanted to recap the best blog posts of the year. Here are the top Blue Water Credit bog posts of 2015 as chosen by you. Thanks again for clicking, reading, sharing, and being a part of the Blue Water Credit family. We look ...

Continue Reading →

The latest Experian hack jeopardizes 15 million T-Mobile customers.

Up until now, hackers and cyber criminals compromised big corporations and stole their consumer databases, and then credit monitoring bureaus, like Experian, were counted on the clean up the ensuing mess to thwart identity theft and justify credit scoring. However, last week Thursday, the paradigm was turned upside down in an event that shocked the industry. Hacker actually tapped into Experian’s data, and once the fox was inside the hen house stole the sensitive financial information from 15 million people, ...

Continue Reading →
realtor-safety

Is this my real score?

Many consumers are aware that they have a FICO score, a scoring model used by most banks and lenders to rate their use of credit and debt issued that’s been issued by the Fair Isaac Corporation since 1989. But far too few realize there are different versions of FICO scores, and not all banks and lenders use the latest versions, and in fact, most still use versions that are considered ancient considering that FICO 8 has now been rolled ...
Continue Reading →

Fair Isaac’s FICO 8 Bankcard Score appears to be straight from the Department of Redundancy Department.

Many consumers are aware that they have a FICO score, a scoring model used by most banks and lenders to rate their use of credit and debt issued that’s been issued by the Fair Isaac Corp. since 1989. But far too few realize there are different versions of FICO scores, and not all banks and lenders use the latest versions, and in fact, most till use FICO 4 which is almost ancient considering that FICO 9 has now been rolled ...

Continue Reading →

The A, B, C’s of teaching your kids about credit score.

For most young children, money is a foreign and strange concept, as they just assume their mom or dad are omnipotent and can summon any toy, video game, or sugary breakfast cereal from the ether. But all too soon they’ll realize that money makes the world go ‘round, and we actually need to work hard for little green paper that we then pass on to others when we want to obtain goods or services. Soon they’ll be faced with their ...

Continue Reading →
7-habits-to-build-a-great-credit-score

7 Habits to build a great credit score.

Keeping a great credit score is the best way to save money on your mortgage, car loan, credit cards, and other interest rates, but it takes responsible financial choices with money, credit, and debt to achieve that. As FICO scores range from 300-850, with 680 considered good and above 720 excellent, it’s important to understand these seven habits that will increase your credit score and improve your finances over time.

1. Get your financial house in order.
The first step to ...

Continue Reading →

New study reveals that 1 in 10 American adults are “credit invisible.”

Every adult in the United States has a credit score, right? Not so fast, as recent studies show that a large percentage of the population actually are without a score at all, or have credit histories that are so sparse that they’re unusable. Those are the findings of a study released last week by the Consumer Financial Protection Bureau. The CHPB reported that an astounding 26 million adult Americans, or one in ten in the population, have no credit reporting on ...

Continue Reading →

10 Statistics that show we have a long way to go to truly understand credit, debt, and personal finance.

1. According to the National Foundation for Credit Counseling, 60 percent of American adults had not reviewed their credit score and 65 percent had not reviewed their credit reports within the previous 12 months. Only 29 percent of adults had reviewed both their credit report and score in the last year, or just over 1 in 4.

2. The same study found that 54 percent of respondents erroneously thought that their credit scores could be found on a standard credit report.

3. ...

Continue Reading →
Page 4 of 5 12345
Call Now ButtonCall Now!