Credit Scores

Free Credit Score

August 25, 2010

While we have long been able to get a free credit report one time each year, typically we have had to pay a fee to get the really important information, the credit score. But check this out. You can get your free credit score along with advice on credit cards, saving money, financial tools and [...]

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The Highest Credit Score Possible

August 12, 2010

Today I saw an ad online for getting a credit report from one of those credit monitoring places. It had a flashy number of 923 showing on it. Which is very ironic because there is no such thing as a 923 credit score. Nope, no 923, not possible. That is because the highest FICO credit [...]

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FICO Credit Scores

August 6, 2010

More than 90% of all banks and lenders use credit scores from one source, FICO. FICO is a synonym for the Fair Isaac Corporation, which has a proprietary method for establishing credit scores. You can get online access to your credit score at myFICO.com for $15.95. Or you can get your credit score for free [...]

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Open A Credit Account For Nothing?

August 3, 2010

It depends upon your motives. If you want a higher credit score one way to do it is to increase the debt to available credit ratio. You can do that by either 1. Paying down existing debt or… 2. Getting a higher credit limit. Therefore it may be a good idea to get a credit [...]

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Can A Large Balance Hurt Your Credit Score?

July 27, 2010

Even if you pay it off every month? The short answer is… Yes Most banks only report one time per month and while a few may report less often, it is very rare that they will report more often. Therefore, your credit report is probably showing the large balance every month, thereby reducing your score [...]

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Kill Your Credit Score

June 25, 2010

There are a few things that you can do that will immediately kill your credit score, dips for 50 to 100 points or more depending upon where you started. And while you probably would never want to do this on purpose, here are the top things that will kill your score. · Maxing out your [...]

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Free Credit Scores In Certain Instances

May 26, 2010

As a consumer, you have been entitled to get a free credit report from each of the big three credit reporting agencies one time per year for quite some time however, if you wanted the credit scores that go along with it you had to pay a fee. Well, the Financial Regulatory Bill that has [...]

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Pay More Or Pay The Minimum?

May 21, 2010

Most people realize that if they pay the minimum payment on their credit cards that it may take years upon years to get it paid off. In fact, now that fact should be in plain view on every single one of your credit card statements, exactly how long it will take to pay off the [...]

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Mortgage Modifications And Credit Scores

April 20, 2010

The general consensus is that a mortgage modification, while it may help you to get your finances back in order and it may help you to save your house, it may also make your credit score crash. However, apparently that depends upon how your lender chooses to report the modification. (Would that just be the [...]

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Valuable Information To Increase Your Credit Score

February 19, 2010

Most people know just how important a high credit score can be for a strong financial situation but the majority of people do not know all of the factors that are taken into consideration when determining a credit score. A credit score takes a variety of different statistics regarding your finances and compiles them together [...]

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