What Does a FICO Score Have to Do With You?
FICO IS THE MOST PROMINENT CREDIT SCORING SYSTEM used around the world. A credit score is a number that reflects your creditworthiness. Stated another way, your credit score is a calculation that represents the likelihood that you will pay your debts. Banks and credit card companies use credit scores when determining if you [...]
Your Credit Score
HOW DOES THIS ONE NUMBER EFFECT YOUR LIFE? Your credit score is a number. A number that may effect your life in a good or bad way. It determines whether you can get that loan to buy a car or a home, and it determines how much interest you’ll pay. And a [...]
5 Ways to Improve Your Credit Score
REVIEW THE FUNDAMENTALS OF YOUR CREDIT SCORE for the purpose of keeping it high, or helping to move it higher in the longer term. A higher credit score means lower interest payments for an auto loan, home loan, personal loans, new credit cards, etc. Maintaining a high credit score can save you thousands of dollars [...]
Free Credit Report
HAVE YOU CHECKED YOUR CREDIT? Not everyone in the United States is aware that Americans are entitled to one free credit report within a 12-month period from each of the three credit bureaus. (This would be evidenced by the fact that some companies charge for this information.) And to make it easier to [...]
HOW YOUR CREDIT RATING IS SCORED
YOUR CREDIT CARD RATING includes a number of factors which you should be aware of. Following are the main points that lenders consider in an attempt to measure the risk associated with each individual.
♦ Payment History: No surprise here. If you have a record of making payments on time, you already know [...]
CREDIT SCORE: TRAPPED BY AN IDEA
THE BEST WAY TO MAKE SOMEONE WORRY is to give them an idea and then convince them to believe it. You see this everywhere. For instance, when gas prices when rocketing up, the news media (oil companies using the news media) convinced everyone that there was a shortage in oil, so the prices needed to [...]