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Most Recent News in Credit Score News

  • Credit Score Correlated With Auto and Auto Insurance Payments

    by Brian Anderson
    Credit Score Correlated With Auto and Auto Insurance Payments

    People looking for affordable auto insurance from reputable companies would do well to maintain a steady and clean credit history. Indeed, a fact that seems to escape people’s notice is that of credit scores being intermittently interdependent with one’s other financial obligations or prospects, such as mortgages and auto insurance. Accordingly, majority of loan companies review a consumer’s credit score before deciding what quote to give the consumer, or whether the consumer would be allowed to get a loan at … (more) August 26, 2010

  • Consumers Alerted For Money Blunders by Consumer Agencies

    by Brian Anderson
    Consumers Alerted For Money Blunders by Consumer Agencies

    Consumers have commonly and more often than not registered surprise over their suddenly-plummeting credit reports when they in fact have been doing every proper thing in their power to stay on deck and keep their scores high. The answer accordingly lies on the actions credit bureaus such as Experian does and the methods they employ – which includes hiring sleuths to philosophically “dig up dirt” on the consumers. These sleuths, who more often than not lack qualifications for their jobs, … (more) August 24, 2010

  • Free Credit Report Even For People with Bad Credit Histories

    by Brian Anderson
    Free Credit Report Even For People with Bad Credit Histories

    Last year, a huge percentage of people were reported to not have checked their credit reports even at least once, and the people who most need to check their scores, namely, those with bad credit histories, are those who refuse to review their credit reports. This is due to the extra-charged fees to people with rather questionable credit histories. The recently passed CARD Act, however, has given each citizen the privilege to view their credit scores for free once each … (more) August 22, 2010

  • Credit Users Informed To Watch Out For Causes of Score Dropping

    by Brian Anderson
    Credit Users Informed To Watch Out For Causes of Score Dropping

    Fair Isaac Corporation reminds credit customers and consumers to keep an alert eye on what might cause their credit scores to drop. For instance, hundreds of consumers have seen their scores drop after applying for government aid on their mortgages. The application of the loans and mortgages for the new housing loan project of Obama caused at least a hundred points to be slashed off from consumers’ credit scores. The government, as well as other credit bureaus, tried to come … (more) August 20, 2010

  • Post-Recession Leaves Consumers on the Lookout for Ways on How to Raise Credit Scores

    by Brian Anderson
    Post-Recession Leaves Consumers on the Lookout for Ways on How to Raise Credit Scores

    Amidst the US recession’s standstill, consumers and the finance industry remain to be on the lookout for ways to a better management of their resources. Kelly Grant, Sr. of SmartMoney.com gave away few advices to the public on how to raise credit scores now that the credit card industry is starting to regain its momentum from the economic fallback it had dealt with in the past years. In a CBS interview, Grant said that an ideal score today is anything … (more) August 18, 2010

  • Experts Now Explain the Importance of Credit Scores

    by Brian Anderson
    Experts Now Explain the Importance of Credit Scores

    How important credit scores are? “Credit scores have become one of the most important numbers in the lives of Americans,” Stephen Brobeck, executive director of the Consumer Federation of America said. “Employers increasingly study prospective employees’ on their credit scores so that they could judge their capacities for “personal responsibility,” Brobeck says. Insurance premiums can be determined through the scores. A high credit score could provide discount premiums, while a low credit score could mean additional annual premiums. Future loans … (more) August 16, 2010

  • Experts Advise On Credit Score Management

    by Brian Anderson
    Experts Advise On Credit Score Management

    Credit scores are the primary basis for most lenders for granting loans to loan applicants. These scores are contained in a 3 digit number that ranges from 300 – 850 (for FICO scores) and 500 – 900 (Vintage Score). These scores indicate the card holders’ attitude in handling debts. The higher the score, the more trustworthy the debtor is. Many cardholders grow so critical in their actions that they would always ask experts what harm they could do to their … (more) August 14, 2010

  • FICO Scores Now Getting Unreliable?

    by Brian Anderson
    FICO Scores Now Getting Unreliable?

    FICO score system is the most widely used system in the United States for measuring credit scores. The system has helped many credit card holders to obtain more loans but was accused of being unreliable. FICO or Fair Isaac Corporation created the first credit scoring system also called FICO score system in 1958. And the company became an important item in the milestones of banking and credit history. In 2008, the mortgage meltdown was blamed on the FICO score’s unreliability … (more) August 12, 2010

  • Secured Credit Card Raises Credit Scores

    by Brian Anderson
    Secured Credit Card Raises Credit Scores

    Credit scores have meaning to the credit industry. That means customers, lenders; insurance brokers and credit related companies look at credit scores with respect. Issues on the credit scores may have become frustrating, but new developments have crushed the bafflements. There are plenty of credit scores and many of them are relied on because of their accuracy and applicability. The increased reliance on scores has also increased the concern of customers about their credit behavior. What about those customers who … (more) August 10, 2010

  • Credit Scores May Not Buy You Cars

    by Brian Anderson
    Credit Scores May Not Buy You Cars

    Shop around. What’s that supposed to mean? That means consumers have to look for shops that sell the items they need and make comparisons on the prices plus the benefits. This applies to almost all merchandise items. Cars and auto loans included. The reason why shopping around for auto loans are strongly advised, is because it is involved with probability of being scammed or being charged with unfair rates. One customer, for instance, has complained about his auto loan being … (more) August 8, 2010