New Mortgage FICO Credit Score
New FICO Credit Score for Mortgage Lenders RevealedThe BEACON Mortgage Score from Equifax now offers mortgage lenders the ability to make better mortgage decisions.
On March 11, 2009 - FICO and Equifax introduced BEACON® Mortgage Score, a new FICO® industry score specifically designed to help mortgage lenders make the best possible risk decisions when addressing both current homeowners and those planning to own. Equifax is going to make the new score available in April to mortgage lenders and servicers for use in their loan servicing decisions including mortgage loan modifications.
Posted : March 22, 2009 | 
Comments : 0 | 
New FICO Credit Model (FICO 08)
FICO Changes Its Credit Model (FICO 08)New help is available for consumers who are looking to re-finance their homes or secure other loans from financial institutions
The Fair Isaac Corporation, creator of the FICO score has changed its model for determining credit ratings in what is called "FICO 08."
The scores, range from 300 to 850 and indicate consumers' risk as borrowers, for defaulting on loans. The higher the score, the better. The national average FICO score is around 650.
Posted : March 22, 2009 | Comments : 0 | Tips On Improving Your Credit Score
Tips On Improving Your Credit ScoreSACRAMENTO, Calif. - (Business Wire) Credit cards are the fastest growing form of consumer borrowing and many Americans have been impacted with sky high limits. With the sinking economy, lenders are reducing limits, leaving consumers faced with the difficult situation of bad or no credit. For those committed to changing their credit score and charging habits, the University of Phoenix is offering the following tips to help obtain the credit score you deserve:
1. Pay Your Bills On Time. The single greatest factor affecting your credit score is your payment history. If you pay on time and do so for years, this will lay a solid c...
Posted : March 22, 2009 | Comments : 0 | Credit Cards and Credit Reports
Credit Cards And Credit ReportsOver the years, credit cards have become very popular. When they were first introduced, they were popular, although these days millions of people use them. There are many types of credit cards available, including those that help people who have bad credit. You should always keep in mind that even though credit cards are great to have, they will also have quite an impact on your credit report.
The credit report is extremely important, especially when it comes to credit cards. Banks and lenders use your credit report to determine if you meet their criteria for a credit card or a loan. Your credit report is the determining factor for y...
Posted : March 18, 2009 | Comments : 0 | Credit Score and Leasing
Leasing and your credit scoreYour credit score is part of the leasing decision. When you apply for a lease, your lease company will typically look at your credit score to decide whether you to approve the application.
The leasing contract stipulates that you make regular, monthly payments over your lease term. The credit score you lease company requests identifies how likely you are to make such payments. It is simply a number calculated according to a model that takes into account your payment history, any amounts you owe and credit currently in use.
I...
Posted : March 18, 2009 | Comments : 0 | Credit Card Debt
Credit Card DebtCredit cards are no more a luxury, they are almost a necessity. So, you would imagine a lot of people going for credit cards. In fact, a lot of people posses more than one credit card. So, the credit card industry is growing by leaps and bounds. However, the credit card industry and credit card holders are posed with a big problem called "Credit Card Debt". In order to understand what "credit card debt" actually means, we need to understand the workflow associated with the use of credit cards.
Credit cards, as the name suggests, a...
Posted : March 18, 2009 | Comments : 0 | FICO Credit Scores
FICO Credit ScoresFICO® Score 700 and above are:
Excellent, Group A rating by lenders, have access to the best interest rates and terms and about 60% of U.S. population falls within this group.
FICO® Score 600-699 are:
Good credit, Group B rating by lenders, you will have access to good interest rates but may not qualify for the very best interest rates and terms and about 27% of the U.S. population falls within this credit range.
FICO® Score 500-599 are:
Risky credit, Group C rating by l...
Posted : February 25, 2009 | Comments : 0 | Know Your Credit Score
Know Your Credit ScoreHow is your credit score calculated?
Credit scores analyze the credit-related information that is found on your credit report. Since FICO scores are used most often, here is how these scores assess what is on your credit report.
1. Your payment history is about 35% of a FICO credit score. Make your payments on time!
2. How much you owe is about 30% of a FICO credit score. The more you owe - the lower your credit score.
...
Posted : February 25, 2009 | Comments : 0 | Improve Your Credit Score
Improve Your Credit ScoreHow can you improve your credit score?
Your credit scores change when new information is reported by your creditors. Your scores will improve over time when you manage your credit responsibly.
Here are some ways to improve your credit scores:
1. Pay your bills on time. Delinquent payments and collections can really hurt your score.
2. Keep balances low on credit cards. High debt levels can hurt your ...
Posted : February 25, 2009 | Comments : 0 | Credit Score Information
Welcome to Credit Score InformationWelcome to your online Credit Score and Credit Report Information page. Good credit history has never been more important as it is today.
You will need good credit to get good interest rates when you buy a home or car. Your credit history can also affect your ability to get a good job, rent an apartment, get a deal on your cell phone and getting reasonable insurance rates.
Understanding your financial situation and your credit history and credit score is very important, so be sure to spend the time to do your onli...
Posted : February 24, 2009 | Comments : 0 | 
Credit Score Information...FICO Credit Scores...Know Your Credit Score...Improve Your Credit Score...Credit Cards and Credit Reports...Credit Score and Leasing...Credit Card Debt...New Mortgage FICO Credit Score...New FICO Credit Model (FICO 08)...Tips On Improving Your Credit Score...Building a good credit score in college...
Published:Wed, 01 Sep 2010 03:00:00 -0700
Which is better for your credit score: paying the minimum or paying off the balance each month?......
The Best Way to Build a Good Credit Sco...
Published:Wed, 01 Sep 2010 07:29:01 -0700
Getting a credit card in college is tough to do without a credit history. Here are some tips to navigate the credit card application process. ......
How much credit do you really have?...
Published:Wed, 01 Sep 2010 03:00:00 -0700
Figuring out how much credit you are using is key to keeping your credit score high.......
ReadyForZero Wants To Help You Get Cont...
Published:Wed, 01 Sep 2010 17:20:21 -0700
Credit card debt is a serious issue for Americans, who have an average of four credit cards each. Defaulting on credit card bills can result in damage to your credit score and eve......
Charge Card Balances Wont Impact FICO C...
Published:Tue, 31 Aug 2010 06:34:45 -0700
Although the balances on credit cards are used in the calculation of credit scores, that isnt the case for charge card accounts.......
Credit Card Debt Relief and Consolidati...
Published:Wed, 01 Sep 2010 09:37:00 -0700
SAN FRANCISCO, CA--(Marketwire - 09/01/10) - Credit card debt relief and consolidation programs are today helping many individuals and families to lower their credit card debt, co......
