Credit Tips

By Michael Benifez In 1949 Diner's Club launched the first charge-card company. According to Dove Consulting, Americans now spend more with their credit cards - over $2 trillion yearly - than they do with cash. The creditworthiness of card users is an increasingly important issue for creditors and consumers alike. Most people know that their creditworthiness is tracked on a credit report, but few understand how scoring works. The FICO score was developed by Fair Isaac & Co. to evaluate the... Read Full Story

By Michael Benifez In 1949 Diner's Club launched the first charge-card company. According to Dove Consulting, Americans now spend more with their credit cards - over $2 trillion yearly - than they do with cash. The creditworthiness of card users is an increasingly important issue for creditors and consumers alike. Most people know that their creditworthiness is tracked on a credit report, but few understand how scoring works. The FICO score was developed by Fair Isaac & Co. to evaluate the... Read Full Story

If you have ever had a loan denied it was probably humiliating, embarrassing, and a harsh reality check. So much for that bright red Mustang convertible you wanted. Or maybe it was for an old, beat-up, rusty sedan you thought you could afford to drive back and forth to work. Sadly, that new five bedroom, brick home with the sun porch is out of reach. Or was it your last hope for a deposit to rent a simple one bedroom apartment for you and your family. Some people know before they ever apply... Read Full Story

  Body   Not all Scores are Equal   There are many credit scores available, but the only one that matters is your FICO score. FICO, by the way, is an acronym for Fair Isaac and Company, the developer of the score. This is the score that virtually all lenders use. Other scores attempt to approximate the FICO score, but frequently vary by a significant margin.   One Score with Three Names   The FICO score may be referred to by three different names. This is because the three... Read Full Story

By David Bogenshutz Improving your credit scores is essential if you want to repair your credit. A credit score is a number that symbolizes your creditworthiness based upon the statistical and mathematical analysis of a variety of factors. A credit score will take into account both the positive and negative information from a credit report, the amount of available credit compared to the amount of credit used and open accounts. The credit score most frequently used in the United States is the... Read Full Story

Need a book?  The old way to buy it would be to go to a brick and mortars shop.  But the new and improved way to buy that same book is to visit Amazon.com, one of today’s largest online retailers.  In fact, Amazon.com is not only one of the most popular websites of the Internet, but it is also the place to go to shop and check out user reviews. Amazon.com began selling books and quickly expanded to include much, much more from electronics, kitchen appliances, toiletries and even clothing... Read Full Story

A Measure of Credit Repair Progress If you are planning to start a credit repair effort you might want to establish a benchmark for your progress; some objective means of marking the results of your efforts. Your credit scores are the logical way to measure your improvement. But getting your credit scores is not as simple as it seems. If you attempt to buy your scores online you are likely to encounter a dizzying array of options, many of which make little sense. It turns out that there is... Read Full Story

Those with bad credit no longer have to forego loans. These days when bad credit is more the norm then a great credit rating banks and lenders are now offering a number of ways to obtain loans even if your credit scores are low. One way to get a credit loan even if your scores are low is a secured loan. Secured loans are loans that require the person requesting the loan to make a deposit into a secured account in order to have collateral for the money loaned. Usually credit cards become... Read Full Story

Consumers checking their credit scores no longer have access to Experian’s FICO score directly – the company did not renew its contract with MyFICO.com , and has no plans to offer consumers access to their FICO score directly in the future. Instead, Experian offers a different score model to consumers which is supposed to help simplify the scoring process for consumers. Unfortunately, the new scoring system does not use the same calculations or scale as the FICO score, which can lead to... Read Full Story

By sapibontv Unfortunately these days having a credit checking system is as important as having car insurance. Luckily there are some agencies that will give you a free credit score instantly. There are many reasons why you would want a free credit score. Maybe you are looking into renting an apartment or buying a house. Maybe you need an auto loan. Or maybe you just want to keep an eye on your credit to make sure your identity is still safe. Whatever the reasons may be here is a quick guide... Read Full Story