Strategies For Paying Down Your Credit Cards
Paying Down Your Credit Cards Credit card debt can hurt our credit scores as well as cost a lot of money in interest. High credit card debt also leads to high debt to income ratios or DTI, and high DTI…
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All About FICO con’t
All About FICO (con’t) There are about 100 different ways to compute a credit score. As we have discussed FICO is the main source lenders use to derive a credit score. FICO has 49 different algorithms that are split across different…
All About FICO
All About FICO Back in the 1960’s, a company called Fair Isaac devised a unique system to determine the creditworthiness of people who apply for loans. Through a complicated mathematical computation, they were able to study a person’s credit history…
Protected: How to Avoid Getting Too Much Junk Mail
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What is the difference between identity theft and identity errors
The difference between identity theft and identity errors A popular credit topic these days is identity theft, and it is definitely a problem. Many people suffer when their personal information is stolen and credit is opened in their name. What so…
February Newsletter – The Month of Love
New Year New Beginnings For me the new year brings new and exciting opportunities. I am happy to announce my new company Elevatemyscores.com. I have spent the better part of ten years helping thousands get qualified for a home…
Reading your credit report Part 7: Inquiries
Credit Inquiries The final part is inquiries. That’s a list of everyone who asked to see your credit report. Any time anyone gets into the report, it’ll post an inquiry. That means if you try to apply for a credit card,…
Reading your credit report Part 6: Public Records
Public Records The next section is the part you want to be blank. The public records section is never a good story. If you have a public record on there, you’ve had a problem that has required litigation. It doesn’t…
Reading your credit report Part 5: Collection Accounts
Collection Accounts Collection accounts are accounts that are seriously past due and have been transferred to an attorney, collection agency or creditor’s internal collection agency. As your debt is transferred between different agencies, you may see several records on your…
Reading your credit report Part 4: Detailed Credit Information
Details Credit Information Most credit reports also give you more in-depth information about specific accounts. This is also an important part of the credit report you’ll want to review for accuracy. The following information may be reported for your account…