Archive for June, 2009
Missed Payments And Your FICO Score
Wednesday, June 24th, 2009
If you know the FICO score calculation you will find the single worst thing you can do to your FICO score is to pay late. Your payment history accounts for 35% of your FICO score and 7 years of payments are taken into account. Missed payment are judged based on three factors. The first is […]
Tags: FICO score
Posted in FICO score, Late Payments | No Comments »
FICO Score Range
Sunday, June 21st, 2009
There are thousands of different credit score but the most widely used is your FICO score. Because there are so many check scores the credit score range can actually be different depending on the score you choose to check. For example, a Vantage Score ranges from 440 to 990. The FICO score range is from […]
Posted in Credit Score | No Comments »
The highest possible credit score
Tuesday, June 9th, 2009
What is the highest possible credit score? Well, if you look at the traditional credit score models you usually see that 850 is agreed to be the highest possible credit score. Now, there are credit score models that do allow for scores higher that 850. The VantageScore goes to 990, but it starts higher. The […]
Tags: Credit Score, credit score range, good credit score
Posted in Uncategorized | No Comments »
Credit Score below 650
Tuesday, June 9th, 2009
To have a credit score below 650, you are making life a little more difficult for yourself and maybe a bit more expensive. The truth is a 650 is far below the good or even excellent credit score range. Some would even place it is the poor range. The reason is the high risk your […]
Posted in Credit Score | No Comments »
Credit Score Models
Tuesday, June 9th, 2009
If you were aware you have more than one credit score. If you really look there are over 1000 different credit score models. A bit strange and confusing, but here is a quick guide to explain which credit score model you should care about. You might think the phrase credit score means a specific number […]
Tags: Credit Score, credit score range, credit score scale, FICO score, FICO score range
Posted in Credit Score, FICO score | No Comments »
Good Credit Score in 2009
Sunday, June 7th, 2009
Since the recent events in the credit market, the definition of what a good credit score could be changing. What has happened in the credit market and the old way your score was viewed. The best account of this could be the new times writer, Edmund Andrews, who just released a book on the crisis, […]
Tags: Add new tag, Credit Score, FICO score, good credit score
Posted in Uncategorized | No Comments »
Credit Score Below 700
Sunday, June 7th, 2009
Today getting a loan is tougher than ever, which makes having a good or excellent credit score one of the best things you can do for your financial health. If you have a credit score below 700, you definitely need to try to improve your score. Why is having a credit score below 700 less […]
Posted in Credit Score | No Comments »
5 Steps to Rebuild Credit
Sunday, June 7th, 2009
If you are trying to find the path to redemption with your finances rebuilding credit should be included on your list of things to do. There are simple practices you can do on a daily basis to help you on your way to rebuilding credit and you should start by understanding the FICO score calculation […]
Posted in Credit Score | 1 Comment »
3 Steps on how to get a good credit score
Saturday, June 6th, 2009
Many people today are finding a good credit score is becoming more and more important. That leaves them wondering how to get a good credit score? Here is a little and basic list to help answer this question Step 1 on how to get a good credit score: Pay your bills on time Since the […]
Tags: Credit Score, good credit score
Posted in Credit Score | No Comments »
30 Day Late Payments
Saturday, June 6th, 2009
Consider a less severe form of delinquency 30 day late payments can have a varied effect on your credit score. Its effects are related to how often this happens. If you are person who frequently pays your accounts on time then one late payment can have a larger effect than a person who always pays […]
Tags: Add new tag, Credit Score, Late Payments
Posted in Late Payments, Uncategorized | 3 Comments »
Credit Score Improvement Tips
Friday, June 5th, 2009
Trying to improve your credit score is no easy task. Individuals usually start by looking for a easy and quick way to do so, but find there really isn’t. There are many credit score improvement tips out there, but here is a short condensed list Credit Score Improvement Tip One: Focus on Your Payment History […]
Tags: Credit Score, improve credit score
Posted in Credit Score | No Comments »
How to dispute a credit report error
Friday, June 5th, 2009
One of the best ways to improve your credit score or get on a path to an excellent credit score is to clean up your credit report. Your credit score is completely based on the information found on it and having incorrect info could be hurting your score. The first step on how to dispute […]
Tags: Credit Score, credit score range, credit score scale
Posted in Credit Score, FICO score | No Comments »
The Good Credit Score Range
Thursday, June 4th, 2009
Getting a loan could be the toughest in years. The credit crunch has really made the lending restrictions tight and only those individuals that fall in the good credit score range will get approved. What is a Credit Score Range? Consumers that have scores which are close to one another often get put into pools […]
Tags: Credit Crunch, Credit Score, credit score range
Posted in Credit Score, FICO score | No Comments »
Good Debt to Credit Ratio
Thursday, June 4th, 2009
Your debt to credit ratio is a clear indicator of your overall financial well-being. The calculation is simple but sometimes misunderstood. Your overall debt to credit ratio is found by dividing the total of amount debt by the total of your credit limits for your revolving lines of credit. This might be the most common […]
Posted in Uncategorized | 5 Comments »