Making the Most of Your Credit.
If you want to improve your credit, you may avidly watch YouTube videos to see how other people boost their credit scores. However, most of the information available online fails to take into account the FICO scores used by the vast majority of lenders. Get Credit Counselling from FICO Specialists who understand the scoring system used by banks and other …
have The Facts About How Credit Inquiries Affect Your FICO Score How many points will an inquiry drop my credit score? This is a question you can research and get a lot of conflicting information. Seriously! Google it. The different answers will amaze you. Heck, you might have made your own conclusion based on what your monitoring score reflected due …
Nov 2021 Update – Experian Boost is the Pilot program for the up and coming Ultra Fico. The same three companies Experian, FICO and Finicity hell bent on launching Ultra FICO are the same three companies who came together to launch Experian Boost. Had it not been for COVID we would of already seen the Ultra FICO rolled out by …
Differences between Consumer and Lender credit reports Arguably the credit score is the most important factor when it comes to borrowing, lending, and the subject of loans. Behind every yes, no, and tier-based loan is a credit score. Today’s lenders decision power is regulated by that three-digit number. But let’s be specific, the credit scores that the lender uses is …
Behind the scenes of almost every loan and type of loan in America is a credit report and its credit score. Making credit and the credit score, an instrumental part of banking and borrowing. With such a significant impact on lending and the economy, laws were put in place to protect the consumer and the banking system by ensuring fair …
Before making a commitment to set up a payment arrangement with a debt collector, you need to know several key facts about the arrangement. Here are a few important questions to ask: Who are you talking to? How do you know that they own the debt? Are they legally collecting it? If you make a payment, where is your money going? …
It seems reasonable to assume that having multiple paid accounts or paying off a large loan (such as a forty-thousand-dollar vehicle or mortgage) would be enough to overcome the bad credit of our past. We’ve heard it time-and-time again from bankers, anti-credit repair financial advisers, and even from the media’s so-called financial experts – “If you just pay your bills …
It’s either a hurricane, fires, or your personal identification being breached and stolen from the country’s biggest credit reporting agency, Equifax. All of these are total disasters and we need to prepare accordingly. My prayers are for protection and peace for each and every person effected by these disasters. However, since my expertise is in credit, I’m going to focus …
I’ve broken this blog into two parts with Part One focusing on Aging Collections. You can visit that post here. In Part Two, however, we will be concentrating on aging Charge-Offs. There are many differences between these two types of derogatory items and how they affect credit scores. There are also different state and federal laws that govern collections and …
Aging Derogatory – Part 1: Aging Collections If you have been following my blogs, then you’ll agree that the more recent the derogatory – the bigger the impact it has on the credit score. We’ve discussed what accounts can help your credit score when settling and which accounts can damage your score if settled. We also covered how collection agencies …
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