Credit Score Archive for August, 2010

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

  by Brian Anderson
  

  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
  

  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
  

  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 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

• How to Score High in Credit Scores

  by George Hauser

  Credit scores are being measured in regards with purchases you make using your credit card.  Whether you use your card at a restaurant or do something bigger like buying a new laptop, each purchase has a corresponding score that is monitored and recorded.  There are companies that handle the task of checking on you and the way you use your card.  This becomes the basis on checking if you are capable of handling loans or any other heavier transactions.  The … (more) August 11, 2010

• Credit Score Advice On Getting Loans With Bad History Report

  by Sally Maison

  People with bad credit history can usually have different kinds of nightmares especially when it comes to getting loans or financial assistance during their times of needs. This article is aimed at giving credit score advice for those people who really need to have something to help them out when they are in a tight fix even though they have a bad credit history. These days, there is no need to worry that much anymore as there are other means … (more) August 11, 2010

• Secured Credit Card Raises Credit Scores

  by Brian Anderson
  

  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
  

  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

• Free Scores Impossible

  by Brian Anderson
  

  Free credit scores. Are there such things? “Free” credit scores are available in many credit information sites, but not the “real” free credit scores. The lawmakers of America have recently approved the Restoring American Financial Stability Act of 2010 that allows customers to gain access to their credit scores for free. However the access to those scores involves certain conditions. The customers must be either denied of a loan or insurance or had their interest and insurance rates increased to … (more) August 6, 2010

• Credit Score Do’s and Don’ts

  by George Hauser

  The need to understand and analyze your credit score is intense because this will be the guide of lenders and banks when it comes to checking your credit status.  The risk they have to take should be minimal so as not to be disappointed with your worth as a credit card owner.  The higher your credit the score, the easier it is for lenders to trust you and give in to your application, whether it is for additional credit or … (more) August 5, 2010