Here you’ll find articles that explain what a FICO score is and how it applies to your finances and ability to obtain a loan.
Some credit score mistakes can be real credit killers. You might not think that seemingly innocent actions can cause your FICO score to plunge, but that can certainly happen. Here are two horrible credit mistakes you want to avoid at ...
A reader of AskTheMoneyCoach.com wanted to know how to increase her credit score while she is still in school. She wrote me saying: "Hello, Lynnette. I'm a 60‑year‑old woman who has returned to school. I've taken out federal loans in the ...
If you’ve ordered your credit report and credit score recently, or want to learn more about your credit standing, you may be wondering about the difference between your Equifax Credit Score and your FICO Score. Both of these scores are ...
You know how important it is to check your credit report at least once per year, but do you know what to look for? Your credit report contains a lot of key information about your payment history, various credit accounts ...
Q: Hi, I have rec'd an offer of settlement from a collection agency representing CitiCard for about 18% of the current balance. When I asked to have the "line item" (delinquency) deleted from my record (credit report), the manager responded ...
A credit score is simply a three-digit number that summarizes your overall credit standing and tells creditors how likely you are to either repay a debt or default on it. A credit score is calculated based on the underlying information ...
If you went to college, no doubt you tracked your grades carefully throughout school. But if you’re currently a working professional, or are looking for a job, you now have another important report card to pay attention to: your credit ...
If you’ve ever pulled your credit files from Experian, Equifax and TransUnion - each of the three major credit bureaus- and tried to compare them, you know that certain information in your credit records likely to be different. But did ...
FICTION: If I check my credit report often, all those “inquiries” will lower my credit score.
Fortunately, there is one recent change to the world of credit scoring concerning small debts, which are sometimes called “nuisance” collection accounts. In August 2009, Fair Isaac rolled out to all three credit bureaus its newest general-purposeFICO score, dubbed FICO ...
Your FICO credit scores – like all credit scores – are based on the underlying data and information that is contained in your credit files with the “Big 3” credit bureaus: Equifax, Experian and TransUnion. According to Fair Isaac, the ...
In addition to your FICO credit scores, you should also get your Experian PLUS score. In recent years, consumers got all three FICO scores – based on their TransUnion, Equifax, and Experian reports. But as of 2009, you can now ...
If your FICO credit score falls between 760 and 850 points, you rate among the top tier of all consumers and have the cornerstone for what I call Perfect Credit. Getting a great FICO score, however, is just part of ...
Question: I live in las vegas. I owe $300,000 on a house that is valued at $150,000 and dropping. What would be the best alternative for me? Should I do a short sale, deed in lieu of foreclosure, or file ...
Q: Hi Lynnette, I have noticed a difference between my credit reports from Experian, TransUnion, and Equifax. Can you tell me which credit report is the best or more critical to a lender? A: Generally, no credit bureau report is ...
