Credit scores especially FICO scores, the most widely used credit bureau scores have made big improvements in the credit process. Because of credit scores:
People can get loans faster. Scores can be delivered almost instantaneously, helping lenders speed up loan approvals....
Very few people live their entire lives without inflicting any damage upon their credit scores. Whether it be high balances on credit cards, bankruptcy, collections issues or financing troubles, credit problems affect the best of us and are difficult to repair.
Fortunately, there are...
Is it necessary to do credit report repair?
Credit report repair will surely help you to improve your credit report and thereby increase your credit score. It is process that eliminates the negative remarks and gives you a good credit report. There are many people who are unaware of...
There are three major consumer reporting agencies (CRAs), or credit bureaus, that mortgage companies use to assess a buyers credit rating: Experian, Equifax and Trans Union. Credit scores typically range from 300 to 850. For home loan purposes, a score of 650 or higher indicates a good credit...
If you have less than perfect credit, you are probably attracted to the many commercials on TV which promise credit repair and debt consolidation. While there are many things companies can do to help you fix your credit, there are a number of things you can do yourself to get back on your feet....
Why Getting Your Credit Report Can Save You From Bankruptcy
If you have bad credit are not really sure if your credit score is good or bad, you should get a copy of your credit score. The average person will have to get a copy of their credit report sooner or later if they want to get pre...
Why Getting A Copy Of Your Credit Report Is Important
Your credit rating, like a report card of your credit history, is important when determining your economic status. When your credit rating is good, can easily obtain a loan, a mortgage, or credit cards, among other things. But if you...
The first step needed to overcome a bad credit is to snatch a copy and take a look into your own credit report because incorrect information on your credit report will only make matters worse if you already have a bad credit rating. According to the US Public Interest Research Group, one quarter...
Have your read your credit card contract through completely? Do you know when it is okay for your creditor to raise your interest rates? If you are not sure about how and when your rates can be affected over the life of your contract you should take a few minutes to read your contract thoroughly...
Navigating a credit report can be a bit confusing but it is important to understand how all of those numbers affect you whether or not you are considered credit worthy. A credit report is broke into four basic sections and each one is important to your credit score.
The first section...
What is a Credit Score and why is it important for a mortgage loan?
A credit score is a rating that is also called a fico score. This rating yields a number that reflects your level risk to the creditors. The higher the score the better your credit rating. The lower your score, the...
Because credit is something that is so important, but also sometimes confusing, we are going to lay everything out for you, in simple terms.
We’ll also show you how to get the credit you deserve, how to make the most of your credit, and ways to improve your overall credit rating, no...