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17th September 2009
Not all Scores are Equal
There are many credit scores available, but the only one that matters is your FICO score. FICO, by the way, is an acronym for Fair Isaac and Company, the developer of the score. This is the score that virtually all lenders ... Read >
Author: jassica16th September 2009
Imagine that you are going into a lender's office prepared to apply for and receive a loan. You know what your credit scores are and you even got one score from each of the three major credit bureaus: Equifax. Experian, and TransUnion. You are shocked whe... Read >
Author: wbdoyle16th September 2009
One might be wondering why some lenders turn down a mortgage application while some others might consider it fit for approval. The answer may well lie in the credit report and the credit score to be precise which plays a crucial role in loan sanctioning.
... Read >
Author: wbdoyle15th September 2009
Over 30 million people in the U.S.A. have credit scores low enough (less than 620) to make shopping for low mortgage loan rates very difficult at best.
The major credit reporting agencies use a slightly different system to arrive at a credit score. Th... Read >
Author: wbdoyle15th September 2009
More than 30 million have credit problems cause by everything from late payments to bankruptcy. The American Bankruptcy Institute reports that, “The number of bankruptcy cases filed in the 12-month period ending September 30, 2005, totaled a record 1,78... Read >
Author: wbdoyle10th September 2009
You sit down to look at your credit report for the first time. If you’re scores are above 720, congratulations! You have excellent credit; stop worrying. If you’re scores are not above 700, no problem—let’s get to work. Take solace in the fact tha... Read >
Author: wbdoyle05th September 2009
Improve Bad Credit Score
In order to know how to Improve a Bad credit Score you first need to Know your FICO score. This refers to the Fair Isaac and Company which began a scoring system to calculate a persons credit worthiness.
The higher your ... Read >
Author: R.C. Ryan10th August 2009
As a real estate agent, I deal weekly with clients that have minor to severe credit issues. Along the way, I have partnered with lenders and performed a lot of research on ways I can help my clients with credit repair. Granted when they I buy a home, I be... Read >
Author: Roby Robertson10th April 2009
FICO is registered trademark for Fair Isaac and Company, or Fair Isaac for short. Fair Isaac is a company who constructs 'credit score' tools for lenders who use them to evaluate the credit of their customers and prospects. FICO credit scores are among th... Read >
Author: TC05th April 2009
A FICO score is not a regular credit score. It is a brand of score that is the most widely used. It was developed by Fair Isaac and company known for developing risk assessment models. It is a complex equation that is not fully disclosed. The informa... Read >
Author: William Lathrop17th August 2008
Credit is the money you borrow from somebody. Whenever you
borrow money you become the debtor and the person who is crediting you the money is the creditor. Whenever you get a credit from somebody, it automatically implies that you need to repay the amo... Read >
Author: L.Mathews14th August 2008
You have all heard me talk about FICO scores and how important they are to your financial health. I’m going to walk you through a scenario so you can see how FICO affects you.
Let’s say that you are going to apply for credit. You may be thinking o... Read >
Author: Jill Russo Foster06th June 2008
Credit Cards Hold the Key
There is nothing like the subject of credit cards to get people excited. Credit cards can be a great convenience, or a weapon of financial destruction. But there is more power in that plastic than you think. Credit cards also ... Read >
Author: Jim Kemish25th May 2008
Powerful Credit Repair Tips
Do you think you know how credit scores work? There is more than meets the eye. A nationally recognized credit repair expert reveals some little known and powerful tips that can improve your credit scores faster than you tho... Read >
Author: Jim Kemish20th May 2008
Seventy-five years ago, obtaining credit could be as simple as giving your word and a handshake across the desk Today’s roller-coaster real estate prices and flagging financial markets dramatically changed any “handshake” policy; and obtaining finan... Read >
Author: Steven Kay15th May 2008
Time to Rebuild!
Are you starting the process of credit repair? The most important thing you can do, aside from removing erroneous information from your report, is to be sure you have sufficient open credit in good standing. A nationally recognized cre... Read >
Author: Jim Kemish01st May 2008
What Do You Want?
How serious are you about credit repair? Some people are happy to improve their credit, others are not satisfied until they master their credit scores. If you are aspiring for credit repair perfection, then you are ready for a lesson ... Read >
Author: Jim Kemish18th April 2008
Maybe you need a new car, a computer, or maybe a house or student loan for you child, there are many reasons that we apply for credit. There is a magical 3 digit number called a, "Credit Score" that can decide if you get these loans or at least what it wi... Read >
Author: bryan02nd April 2008
One of the essential requirements for your FICO score is a home mortgage loan. Learn its integral role to your mortgage and how it can make or break you.
When you apply for a home mortgage loan, you will realize that there are a number of requirement... Read >
Author: Alan24th July 2007
As amazing as it may seem, when it comes to getting a credit rating not all credit scores are the same. When you pay to get a rating number it may not be the same one your lender sees.
What are the implications of this? Well for starters it could mean ... Read >
Author: Jack Krohn02nd May 2007
Building a good credit score is a long term process. As they say a journey of a thousand miles starts with the first step. Beware of quick fixes. There are none except for the quick fix of getting into your wallet by way of a scam and there are some out t... Read >
Author: Jack Krohn09th April 2007
This news flash just in: NOT EVERYONE HAS A GOOD CREDIT RATING. Fair Isaac and Company otherwise known as FICO puts together a credit rating on just about anyone old enough to spend money. While the exact formula for the rating remains secret, the things ... Read >
Author: Jack Krohn16th November 2006
?Over 30 million people in the U.S.A. have FICO credit scores low enough, that's less
than 640, to make shopping for low mortgage loan rates very difficult at
best,? states George Lincoln, Vice President of FreeFinancialConsulting.com
FreeFinancialCo... Read >
Author: Keith Hunt10th November 2006
“Over 30 million people in the U.S.A. have FICO credit scores low enough, that's less
than 640, to make shopping for low mortgage loan rates very difficult at
best,” states George Lincoln, Vice President of FreeFinancialConsulting.com
FreeFinanci... Read >
Author: Keith Hunt25th July 2006
A lot of people don't realize how a low credit score (credit scores run from 300-850) can really cost you a lot of money. Any time you apply for credit, the company you are applying at will normally pull a credit report and score from one or all three of ... Read >
Author: John Dow07th July 2006
Whether you are or have ever been in the market to buy a new home or simply trying to refinance an existing mortgage, one thing is for certain: you have heard the term FICO and/or Credit Score more than once throughout the process. But do you know what th... Read >
Author: Brock Hayslip02nd May 2006
More than 30 million have credit problems cause by everything from late payments to bankruptcy. The American Bankruptcy Institute reports that, "The number of bankruptcy cases filed in the 12-month period ending September 30, 2005, totaled a record 1,782,... Read >
Author: Mike Hamel13th April 2006
Many people are unaware of what a credit score actually means. In fact, a survey of 1,000 Americans taken in September 2004 demonstrated that only one third of people knew that a credit score was a measurement of how likely a person is to pay off a loan.... Read >
Author: JP Burkhart06th April 2006
Over 30 million people in the U.S.A. have credit scores low enough (less than 620) to make shopping for low mortgage loan rates very difficult at best.
The major credit reporting agencies use a slightly different system to arrive at a credit score. The ... Read >
Author: Keith Hunt11th March 2006
You go into a lender's office prepared to apply for and receive a
loan. After all, you've done your homework, you've pulled your
credit reports and you know what your credit scores are--you even
got one score from each of the three major credit bureaus... Read >
Author: Anna Perkins07th January 2006
Undoubtedly, you've heard the radio commercial claiming you can get a mortgage despite having bad credit. Bad credit mortgages are better known as subprime mortgages.
Subprime
"Subprime" is a euphemism for a borrower who simply doesn't qualify for ... Read >
Author: Dan Lewis24th November 2005
You sit down to look at your credit report for the first time. If you're scores are 750 or above, congratulations! You have excellent credit; stop worrying. If you're scores are not above 750, no problema journey of thousand steps begins with the first o... Read >
Author: Brian Daniel17th November 2005
Apply for a mortgage loan and you'll soon become familiar with FICO scores. Here's a primer on the infamous FICO scoring process.
FICO scores are merely a mathematical representation of your credit record. Credit records are simply a recording of your ... Read >
Author: Dan Lewis
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