credit scoring

Credit Scores For Free

April 15, 2011

For a long time now, consumers have been able to get a free copy of their own credit report one time each year from each of the three main credit reporting agencies, TransUnion, Experion and Equifax. And that has led some consumers to mistakenly believe that they are also entitled to a free credit score. [...]

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Mortgages, Credit and Financial Responsibility

March 25, 2011

There are a lot of valid reasons for avoiding credit. However, there are also some reasons you should have credit. Many mortgage companies are now requiring 3 open lines of credit along with a good down payment and a 750 plus credit score in order to qualify for a new mortgage to purchase a home. [...]

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What Do You Know About Credit Scores?

March 10, 2011

While it seems that the majority of American’s are familiar enough with credit scores to realize how important they can be for their financial lives many still have confusion about the different aspects of credit scores. From a new article on CreditCardGuide the information obtained from a recent survey jointly released survey by the Consumer [...]

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Demystifying Credit Myths

March 4, 2011

Your job and your income have absolutely no effect on your credit score. In fact, you could have an almost perfect credit score with no job, no income or reliable source of income provided you were able to always make your payments on time (yeah, you might have to be independently wealthy or something to [...]

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The Most Important Financial Numbers

February 15, 2011

There are some pretty vocal financial voices out there saying that your credit score is the most important number of your financial life. (Suze Orman for one). And depending upon your own circumstances it may be. If you are unable to purchase a car unless you finance it, it may be important for you to [...]

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How Important Is Your Credit Score?

February 7, 2011

Well it is not nearly as important as the banks, the lenders, the credit bureaus, the entire system will have you believe. Of course, a high credit score can get you lower rates and better terms when you borrow money. A good credit score will also enable you to borrow money if you need to. [...]

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How Low Can It Go

January 31, 2011

Well the perfect credit score is 850 but it seems that the worst possible credit score is only 300. Even so, apparently it is rather difficult to get a 300, you have to hit bottom in every single category and then probably go back and do it again. However, it is highly doubtful that many [...]

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Free Credit Score

January 10, 2011

What used to cost you $15.95 is now free. As of January 1, 2011 lenders will be required to tell you the reasons why you may have been charged a higher interest rate and most commonly this is because of your credit score. For many years consumers have been able to receive free copies of [...]

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Ask For Info, Decrease Your Credit Score??

January 5, 2011

In an interesting article from the Huffington Post, an individual requested information from his mortgage servicer, Bank of America, about who actually owned his mortgage. He did this through a website called “Where’s the Note?”. As a customer you actually have the right to know who owns your note. However, after initially declining to tell [...]

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New Credit Score Rules

January 3, 2011

With the current economy and the real estate bubble that has been experienced of late, credit scores are becoming even more important, well, high credit scores that is. While the credit score cut off for getting the best rates and the best deals on financing used to be around 700 now it is getting higher [...]

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