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.
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.
Change in Public Records Reporting What is a Public Record? Tax Liens, Judgments and Bankruptcies are credit items that…
Detrimental Errors on your credit report FACT: 70% to 80% of consumer credit reports have errors. The FCC did a…
Importance of Credit Cards If you do not own a credit card or revolving account, what you read below…
Credit Coaching Guide – Part 3 (What to avoid) When trying to improve your credit score or credit history, avoid…
Credit Coaching Guide – Part 2 Experts say the average time required to rebuild one’s credit to the point at…
Finding Your Score Pt 1 You would think that finding out what your credit score is would be easy. In…
Paying Down Your Credit Cards Credit card debt can hurt our credit scores as well as cost a lot of…
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