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15th September 2009
What’s my Credit Rating? Why is it important?
If you’re like most of us, you probably don’t even think about your credit rating until it’s time to apply for a credit card, mortgage or car loan. A little known fact is that people with a ‘good... Read >
Author: wbdoyle02nd September 2009
Fair Isaac, the company that develops the formula to determine credit scores looks at the average statistics of consumers and factors that into your score, called a (FICO). According to Fair Isaac the average consumer will have:
· One inquiry on the... Read >
Author: wbdoyle19th August 2009
Your credit repair makeover Credit fixing can make-over your credit score and improve your credit scores. But the true potential of credit fixing and debt consolidation loans goes well beyond a credit makeover ; done right it can carry you all of the wa... Read >
Author: Scot Johns13th August 2009
For most people, credit reports are quite a mystery and are hard to understand. But regular checking of your credit report will help you to keep the information accurate and available when you need to pull your credit report to obtain credit. This sampl... Read >
Author: Jamie Hanson28th July 2009
Creditology as we may refer to it, is the mathematical equations and algorithms used to produce a score from a compilation of massive amounts of data that is meant to envision the disposition for a borrower to default on a loan. This debatable and regula... Read >
Author: Scot Johns18th July 2009
Introduction
Credit repair involves more than disputing questionable issues with the credit bureaus. In fact, a one-sided, dispute only, approach to the process is pointless and may do more harm than good. To get the full potential from your credit rep... Read >
Author: Ian Webber09th July 2009
What’s Your Credit Score?
What? You don’t Know? Or it’s a solid 650.
Is that a combined score, and individual score or a score directly from FICO?
What difference does it make any way! It actually makes a big difference especially when YOU are t... Read >
Author: denise manniello23rd June 2009
We live in a world of plastic. In fact, some people have become too dependent on the convenience it brings, not knowing how it can affect their financial standing.
Let�s face it, swiping comes easy and it makes some forget that it�s not their mone... Read >
Author: Cecilia Rodriguez18th June 2009
Prior to today's credit rating systems, lenders had to carefully examine every applicant's details, in the hopes of finding some clue as to whether the person was likely to repay the loan, or default on it.
The whole thing was not only very time consum... Read >
Author: Michael Redbourn18th June 2009
Most people hate dealing with their credit score. No matter how unpleasant, your credit score is one of those things that you simply must deal with in life. You need to know what debts you have and what your credit history is. If you understand these thin... Read >
Author: Karen Bellas11th June 2009
Introduction
Credit repair works! It can clean up the errors on your credit report, improve your credit scores, and help you reach your financial goals. This does not mean that credit repair is a quick overnight fix. The task may indeed yield some spee... Read >
Author: Ed White06th June 2009
Introduction
Effective credit repair requires a combination of technical and legal skill along with a healthy dose of common sense. The technical approach requires an understanding of the inner workings of the FICO credit scoring model. The legal appro... Read >
Author: Ian Webber13th May 2009
Your Credit Repair Makeover
Credit repair can makeover your credit report and improve your credit scores. But the true potential of credit repair goes well beyond a credit makeover; done right it can carry you all the way to credit perfection, that elu... Read >
Author: Ian Webber10th March 2009
What's piggybacking, you say?
A practice that once allowed parents, siblings, or friends to help individuals build their credit scores - but was discontinued due to abuse. Here's how it works:
An individual with a stellar financial reputation, and t... Read >
18th January 2009
Right or wrong, your credit score is part of so many things in your financial life: buying a home, purchasing a new car, buying auto or homeowner’s insurance. Your credit score not only is used to determine whether you can obtain credit but also the... Read >
Author: Lillian Dikovitsky16th January 2009
Fair Isaac has announced a 2009 makeover to the credit scoring system that most companies use to determine your credit worthiness. The company says as many as half of all borrowers will see their scores go up or down by about 20 points as a result.
One... Read >
Author: Mike Clover18th November 2008
Credit Repair in the News
Credit repair is more important than ever. In a recent interview with MarketWatch, a Wall Street Journal website, the Consumer Operations manager for the MyFICO division of Fair Isaac spoke out about the importance of checking... Read >
Author: Jim Kemish16th July 2008
With your Credit Score being the doorway to financial health I thought I would give some tips on what to avoid so your credit score is not affected. If your credit score is currently low I guarantee that you are paying too much to your creditors. Any busi... Read >
Author: Mike Clover16th July 2008
Your life during a foreclosure might seem never ending. A foreclosure does affect your credit score report, but the good news is there is life afterwards. If you have fell victim to the Sub-Prim meltdown which caused you to loose your home, I will explain... Read >
Author: Mike Clover08th May 2008
A consumer armed with their 3-1 credit report will save more money than one whom does not have any idea what is on it. Creditors love an uneducated consumer when it comes to borrowing money. Did you know a bank can charge a rate between 1% to 4% differenc... Read >
Author: Mike Clover03rd April 2008
A credit inquiry is an item on your credit report that shows with permission a creditor requested your free credit score report.
Not all credit inquiries affect your credit score:
You may notice when you pull your credit report there are inquiries on ... Read >
Author: Mike Clover19th March 2008
Secured Credit Cards have many advantages for someone who does not have any credit, or someone with challenged credit. It is hard to do a lot of things without credit cards. In this article I will discuss why you need credit, and if you don't have credit ... Read >
Author: Mike Clover24th January 2008
Copyright (c) 2008 Majestic Help
It is commonly believed that Fair Isaac, the inventor of a prevalent credit-scoring model, might be a good place to start to get some reliable and useful information. Wrong!
Here are some non-answers to questions tak... Read >
Author: AKA24th January 2008
Over the past year, the motorcycle loan market saw motorcycle lenders start taking a closer look at motorcycle loans due to the problems they were having with bad credit mortgage loans. In the New Year you can expect things to remain a little stricter. ... Read >
Author: Jason Story03rd October 2007
You hit another car; your auto insurer probably raises your premiums. But you may not know that your premiums can shoot up much higher if your car insurance company is using a new breed of credit score, even if you have a pristine driving record. Known ... Read >
Author: M Wakefield20th September 2007
Credit card debt seems to be growing and people are getting more and more concerned. Americans are once again polarized. Some like David Ramsey encourage consumers to shred all credit card applications and buy only things they can pay for in cash. Some sa... Read >
Author: andrewshw230th July 2007
Copyright � 2007 Ed Bagley
Do you realize that in our country you are penalized for practicing good money management habits? Think about it.
If you paid for your own college education and refused to fall into the credit card trap that uses lenders... Read >
Author: Ed Bagley27th March 2007
A good credit score is not only vital to financial health, but to many other aspects of your life as well.
But what many people do not realize is that there are many things they can do to unintentionally sabotage their financial picture and their cred... Read >
Author: groshan fabiola01st February 2007
A credit inquiry is nothing more than a record of who pulled your credit reports and when. It's a federal requirement for the credit reporting agencies to keep a comprehensive record of these inquiries for 24 months.Some inquiries lower your credit scores... Read >
Author: Stephen Snyder15th November 2006
What's my Credit Rating? Why is it important?
If you're like most of us, you probably don't even think about your credit rating until it's time to apply for a credit card, mortgage or car loan. A little known fact is that people with a 'good' or 'ex... Read >
Author: Beth Gabriel17th August 2006
My FICO score is less than perfect what can I do?
In my first lesson, "Free Credit Report Why You Need One!", we discussed why your FICO (Fair, Isaac; named for the company that created it) score is so important to your credit rating. This number ... Read >
Author: Beth Gabriel09th August 2006
You have found your perfect piece of San Diego real estate, and now you only need secure a real estate mortgage at a great rate. Simple, right? Definitely not!
Before a mortgage makes that real estate yours, the lender is going to check your credit sco... Read >
Author: John Harris19th July 2006
When it comes to lifetime markers getting a first mortgage is a major event. With a mortgage you're magically transformed from occupant to owner and from tenant to titleholder. Applying for a mortgage used to be seen as a battle of sorts, a competition wh... Read >
Author: P Miller20th May 2006
Copyright 2006 Edward Vegliante
Most people know that credit scores determine what and how much you can borrow from lenders, but very few are actually knowledgeable about how credit scores are calculated. When you attempt to borrow money from a financi... Read >
09th March 2006
First thing to do when you discover bad credit is - don't panic. With our somewhat dicey financial habits, it is not surprising that more and more people are registered as bad debtors. Bad credit is no laughing matter but it is also not something to despa... Read >
Author: Alex Jonnes19th January 2006
Starting a home buying process means answering a lot of questions: How much of a mortgage can you afford? How are your cash reserves? How's your credit? What size house do you need?
The more questions you ask in advance, the smoother the process will ... Read >
Author: Brandon Cornett
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