Credit Score Archive for June, 2010

• Irregularities In Credit Management Hurt High Credit Score Holders More

  by Sally Maison
  

  Every consumer knows that if a person is irresponsible with their credit usage and debt limit it will have severe consequences on that persons credit score. Consumers would like to know by how many points their credit scores are affected by changes in their credit report. FICO scores managed and marketed by Fair Isaac gave consumers a fair approximation of the changes expected in the credit points with regard to bad credit usage. Consumers who do not regularly repay loans … (more) June 16, 2010

• The ABC of Credit Score

  by Sally Maison

  The credit score is basically a three digit number. It is these three digits which will decide how much loan one can apply for and at what rate of interest. Nowadays, most of us depend on credit to go about all our purchases. This is in fact a very disturbing trend because you are consuming something without actually having the money to pay for it. And you are relying on your future capacity to pay it back. But it’s almost … (more) June 14, 2010

• Credit Score Tips-Key to Healthier Life

  by George Hauser

  It is a common knowledge that in people’s life, bad credit account affects people’s health. And if people were more aware of the credit score tips, and be responsible and disciplined, stress could be avoided. However, an expert is sometimes needed to remind and offer some advice. Take a look at these tips if it helps you. Over the past few years, many people complain of stress related problems. One big source of this problem is a bad credit or … (more) June 10, 2010

• Payment history affects your credit score

  by Sally Maison

  Credit score will play a very important role as far as obtaining loans goes. Any kind of investment today needs a creditor who is ready to lend you some money for the investment. The creditor will take a decision based on your personal financial history. Your financial history also known as credit history will be present in your credit report. The credit report is prepared by three agencies in the United States. These three agencies are Equifax, Experian and TransUnion. … (more) June 7, 2010

• Know what constitutes your credit score

  by Sally Maison

  Credit score is the most important number in the personal finance world today. This number alone can get you approved for a new credit or a loan, or it can help the creditor reject your loan. The credit score is a simple number that is your entire credit history and your behaviour as a financial person put in a very concise and simple format. Credit history contains details of all the credit you might have ever had and the transaction … (more) June 2, 2010