Credit Card Utilization
What is credit card utilization and how can it impact your credit score? Your revolving accounts make up 30% of your credit score in the mortgage FICO credit scoring model. That is almost one third of your score.
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Alternative Ways to Build Credit
The traditional ways to build credit has always been to open credit cards and/or open installment loans. These can still be great options in terms of building credit. However, what about the other items you are paying money every month…
What is a VantageScore?
From home loans, to auto loans to bank loans, FICO is used in 90% of all lending decisions; however many consumers are viewing their credit scores from a VantageScore. According to US News, VantageScore was designed to provide a consistent credit…
CREDIT 101 CLASS CHOSEN FOR ABoR ACADEMY
For Immediate Release Contact: Chris Busch President, Elevate My Scores Phone: (281) 612 – 1281 Email: [email protected] CREDIT 101 CLASS CHOSEN FOR ABoR ACADEMY AUSTIN REALTORS WILL HAVE ACCESS TO CREDIT EDUCATION [AUSTIN,TEXAS – October 10, 2018] Busch Consulting Services, Inc dba Elevatemyscores.com,…
Change in Public Records Reporting
Change in Public Records Reporting What is a Public Record? Tax Liens, Judgments and Bankruptcies are credit items that are on file with the government. These can report on the credit report and have a severe detrimental impact to…
Detrimental Errors
Detrimental Errors on your credit report FACT: 70% to 80% of consumer credit reports have errors. The FCC did a study and found that 7 out of 10 credit reports have some sort of detrimental error(s). In addition, a new…
Importance of Credit Cards
Importance of Credit Cards If you do not own a credit card or revolving account, what you read below may be the most important thing you read to help raise your credit scores. We recommend that you have…
Credit Coaching Guide – Part 3 (What to Avoid)
Credit Coaching Guide – Part 3 (What to avoid) When trying to improve your credit score or credit history, avoid any of the following: Asking a creditor to lower your credit limits. This will reduce that all-important gap between your…
Credit Coaching Guide – Part 2
Credit Coaching Guide – Part 2 Experts say the average time required to rebuild one’s credit to the point at which you can be accepted for a major credit card or small loan is approximately two years. Here are some…
Finding Your Score Pt 2
Finding Your Score Pt 2 If you want to know your actual credit score, you will usually have to purchase it. This can be done in a few ways. You can get it from one of the three major credit…