FICO has hit the news, and it’s not very often that FICO is talked about. However, this time, it’s quite a big deal. They have announced the pilot for UltraFICO, a brand new credit score with a twist. They estimate that 7 out of 10 Americans will have better scores with the UltraFICO, possibly saving […]
If you’ve ever had any questions about your credit score, say no more. We’ve got the answers here in this quick and dirty guide to your credit score! Your credit score is the numerical representation of your creditworthiness. Creditworthiness is a fancy term to describe how risky you are as a borrower. Are you going […]
Credit cards are a useful tool, but credit card debt is particularly insidious. Credit card debt affects millions of Americans every year, keeping their credit scores lower than they should be. People report having crushing amounts of credit card debt, and their balances just keep growing. Not only is credit card debt hard to get […]
Worried about your current credit situation? Concerned that you’re going to be doomed for the rest of your life because of mistakes you made in the recent past? Don’t be. Know how far back do credit reports go? Your credit report simply serves as a useful guide for lenders to understand what kind of debt history […]
If you’ve never heard of a credit freeze, or if you don’t know the benefits of credit freeze, then you’re in luck. We’re about to introduce to you possibly one of the most effective protection solutions for identity theft. It’s mandated by law, it’s offered by all three credit bureaus, and it puts a hard […]
You may have heard of the terms “past due”, “loan default” and “collections”. All of these terms mean different things, but they are all to be avoided. You Need to Know; How Loan Default Affect Credit Score? What Does Past Due Mean? Past due simply means a late payment. If your payment is 30 days […]
At the end of every mortgage term, you have to renegotiate or renew the terms of your mortgage. However, you may not want to wait until then; you may want to refinance. Follow complete guide to mortgage refinancing. Refinancing is simply replacing your current mortgage loan with a different one, usually with different terms to best […]
We all know that your credit score goes down when you’re generally irresponsible with debt. But even if you’re as responsible as you can be, your credit score could take a hut! Here’s 5 unusual things affects credit score. Thing 1: Forgotten credit cards can hurt your credit score! After you’ve had credit for a […]
