Archive for January, 2011
Paying Your Bills on Time to Get a Good FICO score
Thursday, January 13th, 2011
Just plan and simple, if you want to get a good FICO score you need to pay your bills on time. This can be a struggle for some. To ensure this happens, you need to either have a budget or a calendar setup with all your bills. This way you don’t forget when payments are […]
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How Many Credit Scores?
Monday, January 10th, 2011
When you think of your credit score, what comes to mind? A credit score is a very broad term. The reason is the many different credit scores out there. If you want to talk about your credit score, your are talking in general. There is hundreds of different credit scores and lenders can use what […]
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Inquires and Your FICO Score
Friday, January 7th, 2011
One of the factors that helps to determine your FICO score is the inquiries. Meaning your applications for credit. The reasoning is based on the fact applying for several different account in a short period of time represents risk. Lenders begin to ask why does a consumer need all this credit. Measured is what is […]
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Closing Accounts Effects on Your FICO Score
Thursday, January 6th, 2011
If you are looking to improve your FICO score a common mistake is to close accounts. People look at the fact you are judged on your credit mix and Fair Isaac likes to see a well round use of credit. Actually, your credit mix makes up 10% of your score.They think that closing the 10 […]
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How to protect a Good FICO Score In an Emergency
Wednesday, January 5th, 2011
The common belief of most American consumers is that credit cards are for emergencies. If you are the average American you also have over ten different credit accounts including credit cards, mortgage, and an auto loan. This belief is can put consumers into trouble and can really make for some tough times. There are several […]
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Who Looks at FICO Scores
Tuesday, January 4th, 2011
There are many different entities that are interested in your FICO score. Here is a short list and why they will look at your FICO score. Who Looks At Your FICO Score – Lendors They are purely looking at your FICO score to judge your creditworthiness. They then can use what they find when making […]
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How to Figure Out Your FICO Score
Monday, January 3rd, 2011
Lets just say before we start. there is no way for you on your own to figure out your FICO score. This is because the FICO score formula is a closely guarded secret. The actual FICO formula was developed by the Fair Isaac corporation as a means to judge a person’s creditworthiness and the formula […]
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