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Most Recent News in Credit Score News

  • Free Credit Score Reports; What You Have to Pay

    by admin
    Free Credit Score Reports; What You Have to Pay

    Recently, an amendment was passed which allows consumers to have a free credit score report on a yearly basis by the major credit bureaus. However, there are a number of things that you have to keep in mind when applying for your free report. Personal Information and Its Verification A number of websites allowing you to access a free copy of your credit score report require personal information for the verification of your account such as address, date of birth … (more) December 15, 2014

  • Small Debts can have a Huge Impact on Credit Ratings

    by Sally Maison
    Small Debts can have a Huge Impact on Credit Ratings

    It is hard to forget huge financial obligations; small ones can be forgotten, but only for a little while. If unpaid, small liabilities can have disastrous effects on the credit ratings. According to Equifax, close to 200,000 credit files are of collection accounts of less than $ 100. Small debts are usually discovered at their worst, when one is shopping for a car or a mortgage. At such instances lenders charge higher interests. A common reason why people fail to … (more) July 21, 2014

  • Managing Your Credit Score And Credit Card Debt For Financial Success

    by Sally Maison
    Managing Your Credit Score And Credit Card Debt For Financial Success

    According to recent online polls, it was unveiled that people are more likely to be self-conscious about their credit card debts and scores, than they are about their weight and age. These polls were conducted by the national foundation for credit counseling. The outcome of these polls revealed that 37percent of people were concerned about their credit card debt, while 30 percent were worried about their credit score and 2percent and one percent were concerned about their age and weight … (more) April 14, 2014

  • A Few Lesser Known Factors That Can Impact Your Credit Score

    by Sally Maison
    A Few Lesser Known Factors That Can Impact Your Credit Score

    When it comes to factors or credit accounts that can hurt an individual’s credit score, credit cards come first with both their positive and negative results. Apart from that credit, car loans and mortgages also come in the line closely following one another. Unfortunately most people don’t actually realize that there are a few other times of accounts too those could possibly impact your credit score. One of the most important factors that can have an impact on your credit … (more) October 9, 2013

  • Credit Scores to Predict Behavior

    by Sally Maison
    Credit Scores to Predict Behavior

    Determination of credit scores is a difficult procedure that takes into account the past credit history to develop future predictions. This requires thorough analysis of information from credit bureaus for understanding the present position of the consumer. Not all data are crucial in this regard. Therefore, segregation of relevant data for predicting credit behavior in the future is required. In general, most people continue with their spending habits whether it is good or bad for years at a stretch. Building … (more) June 7, 2013

  • Four New Features Related to VantageScore New Credit Score

    by Sally Maison
    Four New Features Related to VantageScore New Credit Score

    Those who never got credit scores can now finally have their day in the sun at last Thanks to the all revamped VantageScore New Credit Score, customers who never won a credit score until now can hope to get it at last. A staggering 30 million plastic users do not have the customary credit history duration to become eligible for the existing FICO scores. However, with this new system in place they can have a chance at last for the … (more) April 3, 2013

  • Get Finances in Shape Buy a Home

    by Sally Maison
    Get Finances in Shape Buy a Home

    In order to get the best rates from creditors it is necessary to have a regular income source, ideal credit score, and appropriate down payments. Today, the requirements for home loan are stricter than ever before. Here below are six tips that show how to remain financially prepared when applying for home loans. Financial Picture Assessment: Evaluate personal finances before looking at the real estate listings. There is a simple formula for calculation of how much a person can afford … (more) March 7, 2013

  • How to Have a Perfect Credit Score: Ways to Improve your Credit Report

    by Brian Anderson
    How to Have a Perfect Credit Score: Ways to Improve your Credit Report

    According to an estimate published by Fair Isaac Corporation in 2010, approximately a share of 0.5% consumers reaches the mark of 850 in the FICO score. Despite of the fact that it is really difficult climbing up the ladder from a petty 300 to a whopping 850, there are several people who have successfully crossed the hurdle of 800. FICO published another report in April 2012, which stated that 18.3% consumers have a credit score in the range of 800-850, … (more) February 11, 2013

  • Consumer awareness about credit scores on the increase

    by Brian Anderson
    Consumer awareness about credit scores on the increase

    VantageScore, a company that computes a score that is similar to the FICO score, and the Consumer Federation of America, tied up with ORC International in order to survey over 1000 people over phone in the second half of April. The sampling error margin of this data is around 3 percent. Though VantageScore is similar to FICO score, these scores range between 501 and 990. Of the 1000 adults who responded to the survey, 42 percent of them told that … (more) May 25, 2012

  • Many consumers still reeling under the pressure of low credit scores

    by Brian Anderson
    Many consumers still reeling under the pressure of low credit scores

    Many customers are reeling under the pressure of poor credit scores despite an improvement in the economy. Adding to their woes is the fact that most lenders have tightened the norms for lending loans and credit cards. This implies that people with poor credit scores cannot qualify for loans at low interests, which was a privilege they enjoyed before the onset of recession. One of the recent surveys conducted by American Consumer Credit Counseling has revealed that nearly 40 percent … (more) April 30, 2012