credit scoring

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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Credit Wellness

August 25, 2010

US Bank has launched a new website to help consumers manage their credit and learn about their credit score. You can visit the site and learn about credit scores, how scores are calculated and some tips on what you can do to improve your score. And you might even get some solicitations for borrowing money [...]

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Quickly Raise Your Credit Score

August 23, 2010

What are some of the quickest things you can do to raise your credit score? · Pay down your existing debt. Your credit utilization ratio, or the debt to available credit ratio accounts for at least 30% or your score. Reduce this to 30% or less (meaning you owe 30% or less of the amount [...]

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Search For Credit Cards Based On Credit Score

August 19, 2010

If you have a low credit score and bad credit you know that it may be difficult if not impossible to find a credit card. And when you do find it the interest rate will likely be higher than not. But you may not even know where to look. Check out credit.com for a feature [...]

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Some Lenders Love Low Credit Scores

August 16, 2010

Because if you have a low credit score, they can still give you the loan but they can charge you more. Much more. They can charge you a higher interest rate, a larger downpayment, if there are closing costs associated with the loan they can charge you more closing costs. But they can still give [...]

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Debt Tagging Becoming More Common

August 13, 2010

It’s becoming more and more likely that you have errors and mistakes showing on your credit report. Debt collectors are having a heyday in this current recession as consumer default rates on debts are hitting record highs. But more and more often “debt-tagging” is taking place. This means that more people are getting harassed because [...]

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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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Credit Score Tips Directly From FICO

August 6, 2010

Along with the expected tips, such as paying your payments on time, getting current on any past due payments and then keeping them current, there are also some other tips on increasing your credit score that you can find at the myfico.com website at Improving your credit score. You can also find information about why [...]

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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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Car Loans After Bad Credit

August 5, 2010

There are bad credit loans that you can get to buy a car. But as a general rule this is what you can expect. The first car loan after a severe drop in your credit score will typically be at a higher interest rate and you may be required to have a larger down payment. [...]

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