When it comes to managing your credit score, one important factor to consider is the presence of old collections on…
A late payment on a credit card or loan can have a serious impact on a person’s credit score. When…
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.
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.
The traditional ways to build credit has always been to open credit cards and/or open installment loans. These can still…
For Immediate Release Contact: Chris Busch President, Elevate My Scores Phone: (281) 612 – 1281 Email: [email protected] CREDIT 101 CLASS CHOSEN FOR ABoR…