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.

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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.

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Change in Public Records Reporting

Change in Public Records Reporting   What is a Public Record? Tax Liens, Judgments and Bankruptcies are credit items that…

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Detrimental Errors

Detrimental Errors on your credit report FACT: 70% to 80% of consumer credit reports have errors. The FCC did a…

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