Credit Score Archive for August, 2010

• Experts Explain the Basics of Credit Score

  by Brian Anderson
  

  Some credit card holders are not aware much about the other features related to their credit cards. What they know about their cards are mostly the very basic things. These plastic cards are swiped every time they make a credit purchase of any product or service and the prices will be charged to their bill, plus interest. They have heard of the term “credit score” but don’t really know what it means. Experts from all over the net have laid … (more) August 30, 2010

• US Citizens’ Credit Scores Drop At Beginning Of 2010

  by Brian Anderson
  

  In three states of the US, particularly Michigan, Louisiana, and Missouri, consumers have seen their credit scores drop to more than 5 points, a recent credit climate study shows. The impact this has on the nation’s credit scores is that the average credit score which had always been several points above 670 has seen a dive to 669. This is the first time that in twelve months that average national credit score has dropped to below 670. The blame should … (more) August 28, 2010

• Why Credit Scores are Important

  by George Hauser

  In this world almost governed by credit cards, promotions and additional benefits are being presented to entice more people to apply for one and to keep people who already have them.  You may think that owning a credit card is like inviting debts to silently be created while you are enjoying cashless shopping.  It is not about the credit card, it is about the credit card owner.  You should be responsible enough to handle the terms of credit card companies. … (more) August 26, 2010

• Jobs and Your Credit Scores

  by Sally Maison

  A credit score is the computed sum of all the information listed in your credit report.  This is a three-digit number that measures your performance as a borrower.  It is based on your credit card payments, inquiries, credit use, credit history, and other loans you might have.  It is often check upon by lenders to help them decide if a certain person is eligible for a higher credit or loan approval.  Some employers nowadays also checks credit scores of applicants.  … (more) August 26, 2010

• Credit Score Correlated With Auto and Auto Insurance Payments

  by Brian Anderson
  

  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 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
  

  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

• The Hidden Truth about Credit Scores

  by George Hauser

  Credit score is the way a certain person is assessed through their credit card use.  This is the basis for making bigger deals and transactions with your bank or other companies.  This is the way they check if you can be trusted and if you deserve approval in regards with whatever you are applying for.  But what is the real deal with credit scores?  Have you really looked into it to make you fully understand what really goes on before … (more) August 20, 2010

• Credit Scores for Teens

  by Sally Maison

  Nowadays, teenagers get more privileges than when their parents were their age.  Cellular phones and laptops used to be tools for working adults but now, it is a luxury, and almost a necessity, for teenagers.  Their lives are more complicated and more demanding.  The lifestyle they have is up a notch and they are almost living an adult’s life.  They are more prone to prioritizing reputation and material things to make them high and famous.   Money is not even an … (more) August 20, 2010

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

  by Brian Anderson
  

  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