pefect credit-score-possible-fico

Is it possible to have a perfect credit score?

When you think of “perfection,” what comes to mind? Does perfection mean setting a new World Record on your way to a Gold Medal at the Olympics? How about achieving a perfect score on the SATs? Or “perfect” to you might just mean a quiet day at home without the kids and nothing on your To Do list!

But no matter your definition of perfection, there is one objective standard that is perfectly difficult to achieve: getting a perfect credit score.

While ...

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God now has a credit score, plans to buy a new BMW.

God now has a credit score, and in fact it’s a divine 820 according to Equifax, one of the three major credit bureaus. But before we question the blasphemy of why God’s credit score isn’t perfect, it’s important to mention that this God is actual a New York City man named God Gazarov. Mr. Gazarov, a Russian immigrant who owns a jewelry store in Brooklyn, had a particular hellish run-in with Equifax after they refused to log him a ...

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Myth-busters-about-credit-scores

Myth Busters takes on credit scores

One of the most popular shows on television for 14 seasons since its debut in 2003, Myth Busters has been getting to the bottom of urban legends, unraveling paradox, and frankly, blowing a lot of stuff up along the way. After filming 282 episodes before the show was cancelled in March of 2016, Myth Busters has almost single handedly made science, physics, and engineering cool again with its brand of “science entertainment” with colorful hosts Adam Savage and Jamie Hyneman.

While ...

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when-your-credit-balances-are-reported-to-bureaus

Comparing different FICO scores for mortgage, credit card, and auto lending

Or, more accurately, I should ask you if you know your FICO scores (plural) because the credit scoring giant calculates several versions of your credit worthiness number, based on which lender is looking.

When lenders come to FICO to access your credit score, there could be wild variations in the number they received, depending on what kind of loan you’re applying for. It’s estimated that FICO (originally The Fair Isaacs Corporation), the preeminent scoring model in the industry, generates up to ...

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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!

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These four dates could have a huge impact on your credit score

When it comes to credit reporting and your credit score, there are a lot of numbers that are critical, but we often forget to focus on the various dates that coincide with your accounts. In fact, there are four important dates that show up on every credit report that play a big part of whether your score is on the rise or sinking like a stone. They are:

  • Date Opened
  • Date of Last Activity
  • Date Reported
  • Inquiry Date/Date of Request

We’ll define these dates here, ...

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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 ...

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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, ...

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credit-scores-and-presidential-candidates

Kanye West, late night TV, and favorite presidential candidates are just some of the wild factors that predict our credit score.

Your credit score is based on a lot of factors, like how much debt you hold, your history of paying on time, and the length of time you’ve held positive credit accounts.

But is it possible that what kind of music you like, what you watch on late-night TV, and even what kind of phone you use is a telltale sign of if you have excellent or poor credit?

WalletHub.com did an extensive survey of 1,000 individuals, and then normalized the ...

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when-your-credit-balances-are-reported-to-bureaus

​Can you determine when your credit balances are reported to the credit bureaus?

Your credit card bill, mortgage, or auto loan statement may have a Due Date prominently displayed, but when do those lenders actually report your balance – or if your payment is late – to the credit bureaus?

Knowing when each of your credit accounts reports can serve as a valuable aid in managing your credit score and finances. For instance, if you purposely pay down a credit card balance by this date – not just the due date – your credit ...

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