Most Recent Articles in Credit Report

• Low Interest Rates through High FICO Scores

  by Ruth Racey

  FICO score is the numerical equivalence of the long years of accounted financial transactions and payment history found in credit reports. These two are the internationally accepted and used worthiness rating schemes which are ordered by lending agencies to assess whether the potential borrower is worthy enough to be entrusted … (more) October 16, 2011

• The Implications of FCRA in Credit Reports

  by Ruth Racey

  Recipients of credit reports and FICO scores are always confronted with the dilemmas of the technicalities and difficulties in fully understanding their rights regarding credit worthiness evaluations. Many account holders are unaware of the benefits that they can summon from legal mandates passed by the legislation to support account holders. … (more) October 4, 2011

• Closing an Account is bad for Credit Reports

  by Ruth Racey

  Credit account holders and other members of the financial market usually get the wrong impression that by closing credit card accounts they are increasing their FICO score for the better. This can be true if the individual is looking at short terms solutions for his or her problems. However, in … (more) October 1, 2011

• Using Your Credit Cards as Funding For Entrepreneurs

  by Ruth Racey

  Entrepreneurs play an essential role in reviving a dying economy in recession-stricken places and countries. Because business ventures give employment opportunities to many people, the government is more or less encouraged to fund aspiring entrepreneurs. But not everyone is lucky to have enough funding for their business. Some people have … (more) June 5, 2011

• Two Simple, Sure-Fire Steps to a Better Credit Report

  by Ruth Racey

  Everybody needs a good credit score. Just like an exam back in high school, you need to review well to get an A+. And ever since you were reared into that kind of mindset, it has not changed yet. Now that you have grown up into fully productive professionals, improving … (more) April 20, 2011