Credit Tips

Credit bureaus provide data and information used in assessing the creditworthiness of consumers, businesses and other organisations. Credit rating agencies perform a similar function, but with a particular focus on debt securities that can be traded on ...  

More people were late with their home-loan payments in the last three months of 2011, the second quarter in a row that defaults increased. Credit data giant TransUnion said serious mortgage delinquencies, loans on which borrowers were at least ...  

... is part of its ongoing series of quarterly analyses of credit-active U.S. consumers and how they are managing credit related to mortgages, credit cards and auto loans. Between the third and fourth quarters of 2011, all but 13 states experienced ...  

By Prem Anand:Fair Isaac Corporation (FICO) is the market leader in Decision Management systems, applications, and tools. It helps financial institutions, retail industry, marketing organizations, and several other businesses with its state-of-the-art analytical services and applications that enable businesses to automate, improve, and enhance performance. Its solutions pertain to addressing customer decisions such as customer targeting and...  

The most commonly used credit score is the FICO score, computed by the Fair Isaac Corp., which is considered the industry standard. You have three FICO scores, computed based on information obtained from the three major credit bureaus (Experian ...  

FICO (NYSE: FICO), the credit-scoring company, has announced that its credit reports and FICO scores are now available in Spanish on its myFICO en Espanol website . Visitors to the website can get their personal credit report, FICO score and analysis in Spanish for the first time ever, according to a company news release....  

In the settlement, NCOF agrees to: Comply with the federal Fair Debt Collection Practices Act, the federal Fair Credit Reporting Act, and all applicable state laws. For debts reported to the credit reporting agencies, notify the credit reporting ...  

Bankruptcy petition rates nearly returned to a pre-recession index level in 2011, Equifax Commercial Information Solutions reports. The unit of Atlanta-based Equifax Inc. (NYSE: EFX) said commercial petitions for bankruptcy plunged 44 percent since their peak in the second quarter of 2009 through the fourth quarter of 2011. Consumer petitions peaked in the second quarter of 2010 and dropped 26 percent through the end of 2011. “The belt...  

In earlier times a substantial investment of time and money had been needed to obtain credit scores from the three major bureaus. Nowadays however, many companies rose to the challenge and gave consumers the opportunity to access their credit scores for ...  

My wife has three credit cards; I am not a cosigner. We were working hard to get the debts paid off. She experienced a catastrophic illness that resulted in a significant brain injury and is now disabled in a nursing facility. As a result, I ...  

Credit reports are now on sale in Spanish. The company behind the most widely used credit scores, Fair Isaac Corp., plans to announce Tuesday that its consumer website and products are available in Spanish for the first time.  

Unlike a Chapter 7 bankruptcy, however, Chapter 11 allows business owners to retain control of their business and remain operational. This is beneficial for owners and creditors because, in the long term, creditors will receive more than if a business ...  

For more than 40 years, banks have counted on FICO scores to determine the creditworthiness of American consumers. Now a handful of California entrepreneurs say it's time for a smarter way to size up borrowers. San...  

This is the fourth of a five-part series examining what goes in to creating your FICO credit score -- the three-digit number that helps determine how much you can borrow and on what terms. Each part of the series will take an in-depth look at one of the ...  

Credit-scoring company Fair Isaac Corp. (FICO) said Thursday CEO Mark Greene has retired immediately and has been replaced by William Lansing, a current member of the FICO board. Lansing, the former CEO of InfoSpace Inc. and ValueVision Media Inc., starts his new job on Friday. Minneapolis-based FICO (NYSE: FICO), which makes data management systems and is best known for its credit scores, said Greene will remain on the company's board until...