Credit monitoring services are an excellent way for home buyers, home shoppers, car buyers, credit card shoppers in Austin, Texas…
Credit monitoring services are an excellent way for home buyers, home shoppers, car buyers, credit card shoppers in Houston, Texas…
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 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.
From home loans, to auto loans to bank loans, FICO is used in 90% of all lending decisions; however many…
For Immediate Release Contact: Chris Busch President, Elevate My Scores Phone: (281) 612 – 1281 Email: chris@elevatemyscores.com CREDIT 101 CLASS CHOSEN FOR ABoR…
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…