To get out of debt and improve your financial future, you need to know how your credit score and credit report work. Here is the information you need.
You might wonder why some people with the same income or job can walk into a bank and...
The Big Three credit reporting agencies (Equifax, TransUnion, and Experian) use the same formula to figure out your FICO score or credit score, but they do it on their own. Your score has a big effect on how well you can handle your money. If...
Even if you only raise your credit score, or FICO, by 50 points, you could save hundreds of dollars a month in lower payments. This is because the interest rate that lenders charge you for auto loans, mortgages, and credit cards is directly...
Your credit score or FICO report can affect whether or not you can get a loan, how much interest you pay on loans, and even whether or not you get a job. Since you have nothing to lose and everything to gain by raising your score, it should be...
Credit scores are like a report card for your money. The Big Three consumer reporting agencies, Equifax, Trans Union, and Experian, check your credit every day, so you can't avoid having a credit score. Then, these agencies give your scores to...
How bad is having bad credit? You can get a good idea if you can pull your own credit report and get a copy of your FICO credit score. Here's a rough idea of how the FICO score works:
With a credit score between 500 and 580, which is...
One of the best ways to make a big difference in your FICO score is to consolidate your student loans. Your financial future may depend on your FICO score more than anything else. Just a few more points on your FICO score can save you tens of...
"Predatory loans" (b>/b>)
The term "predatory loan" refers to a wide range of bad ways to lend money. High-pressure sales tactics are used by predatory lenders. Even though you may be eligible for a better loan, they will only give you...
If you don't know the terms used in the mortgage process, it can be hard to understand what's going on. Here is a list of mortgage terms and what they mean, to help you out.
Brokers are independent mortgage professionals who handle the...
Provides information and tips about the new credit scoring system that will be used by creditors and the three major credit bureaus in addition to the FICO score.
Janet just got her free credit report for the year. She was happy with what...