Oh those three little numbers, 572, 647,756. What do they really mean and why are lenders so concerned about them? Why should you be concerned?
Well the FICO scoring model (Fair Isaac Company developed the software that determines the score, thus FICO) and virtually all of the lenders and creditors adopted the system about 14 years [...]
Many of us know that we have a credit record which is compiled by a number of major credit bureau and one particularly important element of your three bureau credit report is your FICO score. But what exactly is your FICO score and how can it influence your debt management choices?
FICO is an acronym [...]
Credit is an important ingredient in the economy. Businesses at all levels are running on credit of some sort. Credit reports are formulated and governed by the credit bureaus under the federal law. The major institution which prepares these reports Equifax, TransUnion and Experian. The credit lenders provide the details of the borrower including the [...]
Consumer Credit Repair Tips
If you have a poor credit standing then you should know that consumer credit repair tips can help you with this problem, and as a matter of fact individuals with credit standing issues should be advised to make use of any good tip that whey can get their hands on because it [...]
The best part about finding a third party credit counselor to tackle your credit repair is that you won’t feel so alone. It can be overwhelming, frustrating and embarrassing to find yourself knee-deep in debt. Sure, you could repair your credit on your own by reading a few books, buying software, calling and negotiating with [...]
Are you looking to repair credit scores and making good on past debts? Perhaps it was a long and rocky road into your current situation, but maybe things have changed and you’re in a position to make your accounts current and repair your credit. First, you should get organized. Sit down and write out all [...]
your credit score
Whether you’ve foreclosed or opted for a short sale, your credit report can show a poor score of as low as 380. “This is a very humbling thing, when people are foreclosed on,” says financial expert Ilyce R. Glick. “You failed at something very major and it’s going to require a healing process.” [...]
credit rating
Did you know that 60% of your credit rating is based on the activity within the last 24 months? You may be lamenting over those old collection accounts or an old bankruptcy filing, but if you have since gotten back on track, or plan to get back on track, then there is a silver [...]
Small and mid-sized businesses often resort to using business credit cards in funding their expenditures. There are other benefits to having a small business credit card besides the available funds. Using the credit card responsibility gives your business some credibility with the banks.
And more importantly, there are several types of business credit cards being offered [...]
It seemed like just yesterday when you were eating mom’s home-cooked breakfasts and hitting up dad for occasional gas money. Suddenly, you’re thrust out into the world of adulthood without a clue or a personal finance plan. Even if you worked your way through high school, you likely spent all of your money on your [...]
