Category: Credit Scores

It is widely known that the amount a consumer owes versus their available credit limit represents 30% of their FICO score. Experts in the industry often counsel consumers to keep… READ FULL ARTICLE

What is going to happen when you turn in that credit card application or the mortgage loan app? I have been there. You know your credit score. You know your… READ FULL ARTICLE

Marriage may be exciting and romantic as it confirms and celebrates that the two of you are now officially “one.” But the impact on your credit profile may not be… READ FULL ARTICLE

FICO, the pioneering company that basically invented the concept of credit scoring, recently launched ScoreInfo.org, a non-commercial website that is essentially devoted to financial literacy. The mission of the FICO… READ FULL ARTICLE

The major credit reporting agency Experian reports that the typical American consumer currently shoulders $4,200 in credit card debt, and that in some American cities the averages are considerably higher.… READ FULL ARTICLE

During most of the 20th century, credit came from personal knowledge. The local banker knew his customers personally and knew instantly who was a good risk and who was not.… READ FULL ARTICLE

Like it or not: How much you pay for credit, and whether you're granted credit at all, depends to an ever-increasing degree on your credit score.
Perhaps the most widely… READ FULL ARTICLE

Ever wonder if you lived in a state whose constituents have good or bad credit?
Experian offers a dedicated website named National Score Index, which provides a summary of geographic… READ FULL ARTICLE

760 is the new 700. Prior to the credit market collapse, you could feel pretty safe in assuming that you would get the best of everything that credit had to… READ FULL ARTICLE

We recently received an email from a fairly new credit card holder who had been told that carrying a balance on his credit card would actually improve his credit score.… READ FULL ARTICLE

Less than one week ago, Salle Mae’s computer system incorrectly reported graduated or extended repayment plans for student loans as arrangements for partial payment. This caused the Credit Bureaus to… READ FULL ARTICLE

There is an increasing trend in the collection business — outsourcing the collection work to call centers in India, Romania, Mexico, and the Philippines. Collection Agencies and Junk Debt Buyers… READ FULL ARTICLE

If you have a negative listing on your credit report, the three Credit Bureaus (Equifax, Transunion, Experian) will allow you to submit a written explanation of your side of the… READ FULL ARTICLE

In the last 6 months, there have been dramatic changes in the mortgage industry. One of the most visible is what’s been referred to as a “flight to quality”. Not… READ FULL ARTICLE

If you are like most Americans, at some point in your adult life, you’ve found out there was a collection on your credit report. Most people understand that collections are… READ FULL ARTICLE

Adults in the U.S. are becoming increasingly vigilant in protecting their identity. Credit monitoring services have become big business for that very reason. There’s even a good chance that you’ve… READ FULL ARTICLE

If you've been watching the news lately, you've probably heard about the rise in identity theft. CBS recently ran a story calling it the “fastest rising crime in the country… READ FULL ARTICLE