credit scoring

Credit Scores Or Finances

December 21, 2010

Yes, it kind of is a “damned if you do and damned if you don’t” situation. And it is also true that doing what is best for you financially does not always equate to getting the highest credit score. For example, if you settle one of your past due debts for less than what you [...]

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No Spending Limits May Be A Problem

December 2, 2010

Depending upon how the company chooses to report to the credit bureaus a credit card with no spending limits may be detrimental to your credit score. If the card is reported as “open” it probably will not affect your credit score, however, if it is reported as “revolving” and the balance is set for the [...]

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Negative Credit Reporting Has A Specified Statute Of Limitations

November 26, 2010

Negative credit must be removed from your credit report within a specified time period due to provisions within the Fair Credit Reporting Act or the FCRA that was enacted into law back in 1970. This law came about in order to protect consumers from unfair credit reporting. The majority of credit reports contain some types [...]

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Improve Your Finances And Increase Your Credit Score

November 25, 2010

The current economy has caused millions of people to struggle with bad credit. However, there are some valuable steps that you can take to improve your credit report, increase your credit scores and get back in a good financial place. If you look at your credit report you will see a history of how you [...]

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Improve Your Credit Scores With Credit Repair Strategies

November 24, 2010

There are steps that you can take that can remarkably improve your credit and even if you have relatively good credit you can take some strategic steps in credit repair and increase your credit scores. When you have high credit scores you are able to qualify for credit and you are typically given the best [...]

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Hoping For Changes To FICO

November 22, 2010

What happens when the bank reduces your line of credit due to no fault of your own? Well, you would think that it would be fair if it didn’t affect you. After all, if you have been timely with your payments and you have kept your balance low and the bank just arbitrarily came along [...]

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Credit Score Components and Mythologies

November 9, 2010

So if you pay all of your bills on time, you’ll have a great credit score, right? Well, not exactly. However, you do need to pay all of your bills on time. But that will only account for 35% of your score. The other 65% is still up for grabs. One thing to be sure [...]

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Does Race Impact Credit Scores?

September 27, 2010

Does race impact credit scores? Well, it is not supposed to. Credit scores are supposed to be entirely based upon your history without any reference to your race, where you live, where you work, or any other essentially irrelevant data, such as your shoe size and the name of your cats. But recently, credit reports [...]

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Three Unexpected Benefits Of Credit Repair

September 3, 2010

Most folks realize how crucial it is to have a clean credit report and a high credit score when they try to get a loan for a house or an automobile. Lenders take the credit information very seriously and they can charge a higher interest rate or even deny credit altogether based on the information [...]

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