There appears to be new things happening within the realm of credit cards – from how your credit is assessed to interest rates to credit card rewards. Depending upon your current situation, some of these trends might be positive, while…
Continue readingWhen it comes time to get a home loan, educating yourself is essential. Whether it’s knowing what’s in your credit files and understanding your current debt or simply being aware of how your current employment can affect the outcome of…
Continue readingMost consumers know the score (no pun intended): If your credit score is good, you’ll most likely get the loan you need with a decent interest rate. If your credit score is low, you’ll probably be rejected for the loan….
Continue readingThe top three consumer reporting agencies (Equifax, Experian, and TransUnion) collect consumer credit information and sell that information to third parties. They collect that data from creditors (i.e. banks and credit card companies) and provide it to institutions, typically other…
Continue readingA more important question might be: Why is the “Status of Accounts” so significant to my financial health? The “Status of Accounts” section is viewed by lenders so they can assess your creditworthiness. It also enables them to determine how…
Continue readingFICO is always crystal clear when it comes to what affects your FICO® Score. Financial literacy and transparency are hallmarks of our success in enabling safe and affordable lending around the world. Every year, there is a featured blog reassuring…
Continue readingHere’s a loan shopping quote taken directly from the FTC: “Shopping around for a home loan or mortgage will help you get the best financing deal. A mortgage — whether it’s a home purchase, a refinancing, or a home equity loan…
Continue readingTax time can be a stressful period. It can be even more stressful when you don’t have the money on hand to pay the taxes you owe. What are you supposed to do? Where’s that money supposed to come from?…
Continue readingOkay… so you need some money to get that new furnace… or make a significant home improvement… or replace that twelve-year-old car. That might mean going to a bank, or other creditors, and applying for a loan. How do you…
Continue readingThere is a lot of misinformation out there about the best strategies you can take to increase your FICO® Scores. For example, the recommendation that closing down credit card accounts will increase your scores or that an individual should never…
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