Understanding your credit report can feel overwhelming, but terms like “tradeline” are key to improving your credit score. Tradelines are critical components of your credit profile, influencing your financial opportunities. This SEO-optimized guide explains what tradelines are, their impact on…
When it comes to managing your credit score, one important factor to consider is the presence of old collections on your credit report. While it may seem like a good idea to pay off an old collection in order to…
Identity theft occurs when someone obtains and uses your personal information without your permission, often for financial gain. This can include things like your name, address, social security number, and credit card information. Identity theft can have a serious impact…
Credit repair can be a valuable tool for those looking to buy a home. A good credit score is an important factor in determining a person’s ability to get a mortgage and secure a favorable interest rate. A credit score…
Credit monitoring services are an excellent way for home buyers, home shoppers, car buyers, credit card shoppers in Austin, Texas to keep tabs on their credit. With so many Austinites buying houses in this recovering economy, you’ll want to make…
Credit monitoring services are an excellent way for home buyers, home shoppers, car buyers, credit card shoppers in Houston, Texas to keep tabs on their credit. With so many Houstonians buying houses in this recovering economy, you’ll want to make…
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.
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.
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.
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…
