There is a lot of information about credit scores and FICO score out there are wading through it as a consumer is not easy. What is accurate? What are the best decisions to improve or protect your credit score? To help, here a list of ten most common credit score myths you [...]
A comment on a previous post about the credit score scale a commenter asked the question what credit score do employers check? This prompt a complete research of what I believed was the answer but needed some verification. The answer is employers actually do not check your credit score, they check your credit reports.
The rules [...]
Have you a ever thought of using a credit monitoring service? Or are you a skeptic of the whole idea? You can do it yourself and not pay for it. Well, here is a short list of the reasons why you should consider it or reconsider it.
1. You Gain Access to Your Credit Report More [...]
1. Pay your bills on time. This could be the single best way way to put yourself on the road to a good credit score. Also, not paying is the easiest way to ruin a credit score.
2. Maintain a low balances. You should try to keep your balances below 30% to 40% of your credit [...]
To be good at anything you need to be better than average. This seems to be the rule. So what is the average credit score? Most sites I found stated around 680.
The real truth is this is just a general rating. The person who really determines if you have a good credit score will be [...]
To know where you stand with your credit score, you need to know the scale that you are graded on. But there are a thousand different credit scores, so that could potentially create 1000 different scales.
Just as an industry standardization is needed to help the commerce flow. For credit scores the most recognize scale is [...]
Category: UncategorizedTags: credit score scale, fico score range credit score scale | Comments (2)
Do you have thousands in used credit? Do think that this a potential hazard because of either identity theft or creditors think you will use it? What will happen if you lower your limits.
Chances are if you have a good credit score your utilization is pretty low. Those with excellent credit score are usually around [...]
Category: Credit Score, UtilizationTags: credit utlization, good credit score, lowering limits, Utilization | Comments (0)
Do you sleep well at night. Chances are if you are struggling paying your bills or never having any spending money, sleep might not be easy. So what goes having a good credit score do for you?
The biggest thing that people identify a good credit score will do is save money. That is right, a [...]
Category: Credit ScoreTags: good credit score | Comments (0)
Is it a FICO score or a credit score? You should think about FICO scores as a brand of credit scores. Think about Hoover and vacuum or tissue and Kleenex. The term credit score is a much more general term. Actually there is an estimated 1,000 plus different credit scores.
FICO score is not the only [...]
Category: FICO scoreTags: FICO score | Comments (0)
