How to Use Credit Monitoring Services to Your Advantage
Credit monitoring services are an excellent way for home buyers, home shoppers, car buyers, credit card shoppers in Houston, Texas…
Why are my scores different?
The most common methodology is FICO and is used in 90% of all lending decisions. And just to make it even more confusing there are 49 different FICO based algorithms across multiple industries. In the mortgage industry, the mortgage FICO scoring model has 9 different algorithms.
What do we love about credit?
What else is there to love about credit? How about credit history. It might go without saying that the longer an account is open the more it helps. Your credit history is 15% of your credit score and it is an average of your open and active accounts both installment and revolving.
Best time to start working on your credit?
Does this mean that the beginning of the year is the best time to start fixing your credit? The truth is the best time to start rebuilding your credit as soon as you are able.
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.
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…
What is a VantageScore?
From home loans, to auto loans to bank loans, FICO is used in 90% of all lending decisions; however many…
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…
Change in Public Records Reporting
Change in Public Records Reporting What is a Public Record? Tax Liens, Judgments and Bankruptcies are credit items that…