Archive for the ‘Credit Score’ Category
Is Your Credit Mix Hurting Your Credit Score
Friday, May 8th, 2009
A lesser talked about portion of the FICO score calculation is your credit mix. A weight of 10% is put on what types of credit you use. There is really no hard information about what types of credit are best to use only some general guidelines. And if you don’t follow them your credit mix […]
Tags: credit mix
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Late Payment Effects on Your Credit Score
Friday, May 8th, 2009
The fact is there is nothing you could do to hurt your credit score more than pay your accounts late. The largest part of your credit score is your payment history to your accounts and the negative entries in this section carries the largest weight. Also, late payments effects on your credit score are lasting. […]
Tags: Late Payments
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Free Online FICO score
Sunday, April 19th, 2009
Are you looking for a free online FICO score? Chances are you have had some trouble trying to find exactly what you are looking for. The reason is that there is no such thing as a free online FICO score. The problems lies in the fact that when your are search for a “free online […]
Tags: FICO score
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700 credit score – Can you get one
Sunday, April 19th, 2009
At what point is your credit score considered good? Well many believe that a 700 credit score is starting point on the credit score scale. To be good always you need to be better than most and the national credit score is somewhere around 680. Another aspect of credit scores is the fact that are […]
Tags: 700 credit score, raise your credit score
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Credit Score Range – Where do you fall?
Sunday, April 19th, 2009
The credit score range depends on the scoring model you are using. For example the credit score range with the FICO score is 350 to 850. It is different with the VantageScore which has a credit score range from 501 to 990. With both scales the higher the number the better the score you have. […]
Tags: credit score range, credit score scale, FICO score range, FICO score scale
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Credit Score Above 800
Sunday, March 29th, 2009
The best scores get the best interest rates. A credit score above 800 is one of those scores and is considered an excellent credit score. To get there takes serious discipline and you will be rewarded. But is it worth to have a score that high? The argument is sometimes made that a credit score […]
Tags: 800 Credit score, excellent credit score
Posted in Credit Score | 13 Comments »
Credit Score Myths
Sunday, March 8th, 2009
There are many Credit Score Myths out there that people hear. Here are some of the Credit Score Myths and the truth behind them. Credit Score Myth 1: Closing Old Accounts Will Improve Your Credit Score One Credit score myth that people often believe that you can improve your credit score by closing old accounts. […]
Tags: Credit Myths, Credit Score Myths
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Free Credit Report and Score
Tuesday, February 24th, 2009
Is there such a thing as free credit report and score. The answer is not really. There is a free credit report, but there is nothing that is a true free credit score. Your credit report is avaiable to you free one time per year. This is a requirement by law. It helps consumers see […]
Tags: credit report, Free Credit Score, identity theft
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How to Raise a Credit Score
Sunday, February 22nd, 2009
If you are wondering how to raise a credit score here is a list to hopefully help. 1. Pay your bills on time. This is the best answer to how to raise your credit score. Why? Your payment history makes up the largest part of your credit score. Nothing is a more of sign of […]
Tags: 3 in 1 credit report, credit tips, improve credit score
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Are Late Payments Killing Your Credit Score?
Friday, February 13th, 2009
Are you paying your credit cards or bills late every month. Stop! This could be on of the single worse things you could be doing for your credit score and credit standing. First, late payments are going to cost you a lot of extra money. First, there is always going to a late payment fee […]
Tags: bad credit, credit history, Late Payments
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The Reasons Why You Want an Excellent Credit Score
Friday, February 13th, 2009
So do you want a good credit score? The truth is you need to have an excellent credit score. Why? The money you will save will make a huge difference in your life. It will actually create less burden in your life and create some breathing room. If you are wondering what an excellent credit […]
Tags: Credit Score, excellent credit score, good credit score
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Credit Score Scale
Thursday, February 12th, 2009
There are several different ways to score credit. There is the FICO score, Beacon score, and VantageScore. Actually there is over one thousand different ways to score credit. But are they all on the same credit score scale? Most actaully are but thier scoring could be different. The most common credit score scale ranges from […]
Tags: credit history, Credit Score, FICO score
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How do you get a Free Credit Score Online?
Wednesday, February 11th, 2009
The truth is there really is no such thing as a free credit score online. That is because you have to pay for your credit score. A credit report is free, but not a credit score. There is one way around this you can try. This is going to take you signing up for a […]
Tags: Credit Monitoring Service, Credit Score, Free Credit Score
Posted in Credit Score | 2 Comments »