As of September 2005, every consumer in the US is entitled by law to one free credit report per year. But ever since that law was passed, there has been nothing but confusion. The web sites that say they are offering this so called free credit report are asking us to give our credit card…
Assuming that you already have a copy of your annual credit report, you may already have found some errors that should be ironed out. Errors should always be a major concern as they can affect your credit score and possibly also referred to as FICO. You can repair your credit with a little help. This…
How bad does foreclosure hurt a credit rating? This is a common question nowadays. A foreclosure can drastically affect your credit rating and should only be considered as a last resort. It is rumored that foreclosure can affect your credit score by between 200 to 300 points. This means if you have an excellent score…
Most of us Pinoys from the middle or working class already have a credit card or have personal loans. But have you ever wondered what categories credit card companies and lending agencies go through whenever they are approving or rejecting a loan or credit card application of an individual? The Credit Management Association of the…
Today’s 550 credit score could be tomorrow’s 780 credit report. When I look at a credit report, I wonder if I am struggling to qualify borrowers who were once very credit score, Most once had six figure incomes with credit reports above 700. These factors put these borrowers in the A paper categories. Take Robert,…
The Ultimate Guide To Which Debt To Pay Off First To Increase Your Credit Score Debt is like gaining weight. To many people, an extra treat here and a splurge there don’t seem like real problems. Over time, though, the pieces and pieces add up and one day they wake up and say, “How did…
In discussing family accounts as a way to build credit, it was mentioned that people starting out will usually have student loans as their first credit account, unless they have a family member with a credit history. Do not obtain car loans or credit cards linked to Student loan installments are a tricky area of…
Renters with poor credit scores need not panic when looking for Albuquerque apartments. Small apartments usually don’t ask for a credit report. Even with other apartments, by proving your ability to pay the rent on time, you can find a good apartment for rent in Albuquerque. Albuquerque is the largest city in New Mexico, the…
When you apply for a home or personal loan, the first thing your bank will do is check your credit score. Credit score or credit history is basically the result obtained from the analysis of credit files of an individual. Besides banks, insurance companies, phone companies and government institutions also use credit scoring to evaluate…
The main credit score used in the business world is known as the Paydex score provided by Dun and Bradstreet. This number measures the credit risk of a business in the same way that a consumer credit score reflects a consumer’s personal credit risk. Paydex is essentially the business equivalent of your personal credit score….