Credit Blog – Blog on Credit and Finance


September 1, 2014

What Does Your Credit Report Say About You?

Category: Credit – Tags: , , – administrator 7:54 pm

What Does Your Credit Report Say About You?News from NASDAQ:
Of all the information that’s available about you these days, none has as much impact as your credit history. This history will determine whether or not you can get credit, and how much you will pay for it. That being the case, don’t you think you should know what that credit report says?

That might seem like common sense, but a [...] Continue Reading…

August 30, 2014

How Your Credit Score Determines Your Auto Loan APR

Category: Credit Score – Tags: , , , , – administrator 7:20 pm

How Your Credit Score Determines Your Auto Loan APRNews from Go Banking Rates:

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By Paul Sisolak
August 27, 2014

The importance of a good credit score can’t be understated when applying for any type of loan — that much is certain, particularly when it comes time to buy a car.
“The credit score essentially paints a financial picture of a person, and helps determine the likelihood of them paying back the loan [...] Continue Reading…

August 29, 2014

5 credit score questions for every college kid

Category: Credit Score – Tags: , , , , – administrator 7:19 am

5 credit score questions for every college kidNews from WBIR-TV:Lindsay Konsko, NerdWallet 2:30 p.m. EDT August 23, 2014

University of Houston student Kelsey Anderson wheels her belongings into the dorm.(Photo: Brett Coomer, AP)

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5 factors that impact your credit scoreNews from Times of India:

It is imperative for you to have a good Cibil score in order to qualify for a loan. 

The author has posted [...] Continue Reading…

August 27, 2014

Maxing Out Card Might be Worth Temporary Credit Score Ding

Category: Credit Score – Tags: , , , , , , , – administrator 7:23 pm

Maxing Out Card Might be Worth Temporary Credit Score DingNews from Fox Business:
Dear Speaking of Credit,
I had just signed up and been approved for a credit card with a $ 300 limit. My credit score is in the mid 500s. The ONLY reason I applied for the card is so I can purchase a laptop for school (nothing fancy, I was thinking one that was around $ [...] Continue Reading…

Medical Debts Will Soon Weigh Less On Your Credit Score, But They’re Still A …

Category: Credit Score – Tags: , , , , , , , , – administrator 1:18 am

Medical Debts Will Soon Weigh Less On Your Credit Score, But They’re Still A …News from Forbes:
Seeing a doctor should make you healthier. But what happens when the bill comes? If you are like one-third of Americans, you struggle to pay your medical bills.
The number one cause of personal bankruptcy has less to do with spendthrift habits and a great deal more to do with bad luck when it [...] Continue Reading…

August 25, 2014

Here Are Your Rights on Credit Report Errors

Category: Credit – Tags: , , , , – administrator 1:55 pm

Here Are Your Rights on Credit Report ErrorsNews from TheStreet.com:
NEW YORK (TheStreet) — According to a 2013 report from the Federal Trade Commission, 5% of U.S. adults experience errors on their credit reports — errors that the FTC says could “lead to them paying more for products such as auto loans and insurance.”
“These are eye-opening numbers for American consumers,” said Howard Shelanski, director of the FTC’s Bureau of Economics. [...] Continue Reading…

August 24, 2014

The Most Important Part Of Your Credit Score

Category: Credit Score – Tags: , , , , – administrator 7:19 pm

The Most Important Part Of Your Credit ScoreNews from Motley Fool:
Most lenders use the FICO credit scoring model when making lending decisions. Unfortunately, the exact formula the Fair Isaac Company (NYSE: FICO) uses to produce the scores is a closely guarded secret. Not only that, but the formula is constantly being updated and tweaked, and some lenders use older scoring formulas and some use the latest formulas available.
However, there [...] Continue Reading…

How To Scrub Your Credit Report Clean Of Costly Errors

Category: Credit – Tags: , , , , , – administrator 8:39 am

How To Scrub Your Credit Report Clean Of Costly ErrorsNews from Forbes:
There are all sorts of errors that can sneak onto your credit reports — an account that’s not even yours, a “late payment” that was actually made on time, a paid debt that’s still listed as in collections.
This can spell trouble. Your credit reports are used to calculate your all-important credit score, which determines your access to loans, [...] Continue Reading…

Manage your credit score to get the best possible mortgage

Category: Credit Score – Tags: , , , , , – administrator 1:18 am

Manage your credit score to get the best possible mortgageNews from Chicago Daily Herald:
Q. Can I get a mortgage with a credit score of 450?
A. If you get one, it won’t be the mortgage you want.

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Credit scores are calculated using a variety of models that have small differences between them and generate similar, but not identical, scores. The range of scores in most models is 300 [...] Continue Reading…

August 23, 2014

5 credit score questions for every college kid

Category: Credit Score – Tags: , , , , – administrator 7:31 am

5 credit score questions for every college kidNews from USA TODAY:Lindsay Konsko, NerdWallet 5:30 a.m. EDT August 23, 2014

University of Houston student Kelsey Anderson wheels her belongings into the dorm.(Photo: Brett Coomer AP)

2 CONNECT
… Read the full article
.

No rush to use new credit score formulaNews from MiamiHerald.com:By KENNETH R. HARNEY
You may have noticed the big media splash recently when Fair Isaac, developer of the iconic FICO [...] Continue Reading…