Credit Education 101
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Most Recent Articles in Credit Score

  • Stakeholders in one’s FICO score

    by Janet Lacey

    In 1956, engineer Bill Fair and mathematician Earl Isaac created a management service that includes consulting and decision-making. An offshoot of this program is the FICO or the Fair Isaac Corporation credit scoring system that identifies the score for your credit rating. It s only in 1981 when this credit scoring … (more) January 8, 2011

  • Determinants for computing credit scores in fair isaac’s formula

    by Janet Lacey

    Credit card and loan companies use a standard to determine who will be their possible clients. It is risky for these companies to let all people borrow unlimited money from them because each person differs in terms of his capacity and capability to pay the kind of loan they apply … (more) December 23, 2010

  • Improving credit score considering the factors affecting it

    by Janet Lacey

    The credit score is the finance evaluation of an individual s creditworthiness. The credit score is affected by a confluence of factors including an individual s credit history and income. Here are the other factors that determine an individual s creditworthiness: Payment history assessment of whether the credit holder has consistent payment patterns … (more) December 19, 2010

  • 5 Important Steps to Improve Your Score

    by Janet Lacey

    This article discusses 5 ways to improve your score. Your credit score is like a grade that financial institutions use in order to assess your ability to pay the credit that you will be given. The higher your score, the easier you can get approved for your credit applications. Your … (more) November 25, 2010

  • Relating Identity Theft to Credit Reports and Credit Scores

    by Janet Lacey

    This article discusses the effects of identity theft to credit reports and credit scores. Identity theft is a crime whose effects have reached great proportions. Almost anyone can be a victim. Why, even the wealthiest and most powerful men have fallen victim to this crime! This just means that avoiding … (more) November 9, 2010

  • How Your Credit Reports Affect Your Credit Score

    by Janet Lacey

    This article discusses the effect of credit report standing to credit scores. In this generation of checkbooks, credit cards, ATM cards and debit cards, it is no longer unusual for anyone to gain debts or credit. Credit may come in the form of loans, mortgages, credit card charges, and even … (more) November 5, 2010

  • REPORTS VERSUS SCORES – The difference

    by Janet Lacey

    This article is mainly about the difference between report and credit score. Many people used to have that perception that credit report and scores are the same thing but in reality, these two are actually different things. When we refer to credit report, we are talking about the actual information … (more) October 20, 2010

  • CLEAN UP THE CREDIT AND START LIVING

    by Janet Lacey

    This article is mainly about managing your report and getting higher credit scores Nobody wants a hole in her pocket and yet here you are faced with a difficult situation. You re getting lower credit scores because of what came up last week. One moment you have credit scores higher than … (more) October 16, 2010

  • How Students Could Raise Their FICO Scores

    by Janet Lacey

    It does not actually matter whether you are a student or a professional. What matters is everything reflected in your credit report because in totality, this is your identity. Students are also entitled to have their FICO scores as long as they have their own funds or they the means … (more) October 4, 2010

  • How to Heal Bad Reports

    by Janet Lacey

    Your credit history is your identity. Working out for it to properly reflect you are indeed a good act for the improvement of your life. Credit worthiness is the primary reason why creditors check on your credit reports. Through your credit history, your ability to pay your debts is gauged … (more) October 1, 2010