Archive for the ‘FICO score’ Category
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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What is considered an Excellent Credit Rating
Thursday, December 30th, 2010
There is no doubt that the recent economic downturn has consumers more focused on their financial well being. And having an excellent credit rating can mean the difference of hundred or evens thousands dollars a year in interest payments. To understand what is considered an excellent credit rating, you need to understand or at least […]
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Achieving A 800 Plus FICO Score
Thursday, December 30th, 2010
If you want to fall in excellent credit score range, a 800 or higher FICO score will definitely get you there. But getting a 800 plus FICO score is not easy. To start off, you should should understand the FICO score calculation and this will give you a better understanding of what makes up your […]
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Do creditors have to report 30 day late payment
Wednesday, December 22nd, 2010
This is a question that might be running through your mind if you just dropped the check in the mail for a payment you know will be late. It seems not fair that if the payment if just one or two days late that your creditor will report you as late. The answer to: do […]
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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 […]
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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
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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
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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
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FICO Score Range
Sunday, May 3rd, 2009
If you didn’t know there are several different ways to score credit and one of the most popular is by Fair Isaac. The actual FICO score calculation is extremely complicated and knowing it could work to your benefit. The reason is because where you fall on the FICO score range could save you thousands in […]
Tags: FICO formula, FICO score range
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FICO Score Calculation
Monday, February 16th, 2009
To figure out your credit score you need to understand the basics behind the FICO score calculation. This is a complex formula that takes into account information from your credit report to generate a three digit number. There are five main area of the FICO score calculation and each has a different wieght. The first […]
Tags: FICO formula, FICO score
Posted in FICO score | 24 Comments »