Raise credit scores by using less of your available credit limit

Credit Score Concept

One way to raise credit scores is by using less of your available credit. The amount owed on accounts contributes 30% to a FICO Score's calculation and can be easier to clean up than payment history. The FICO credit scoring system rewards consumers … [Read more...]

Tips to get a bad credit mortgage loan

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As of February 2015, mortgage rates are still at record lows. In fact, mortgage rates are below 4 percent again, hovering around their lowest level since May 2013. The average 30-year U.S. mortgage rate is 3.80 percent and the average 15-year … [Read more...]

5 Traits of Consumers with Perfect Credit Scores

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If achieving the highest credit score possible is your goal or if you want to get as close to perfection as possible, listen up! MyFico.com, the consumer division of FICO, the company that invented the most widely used credit score, published a … [Read more...]

Get collection entries deleted from your credit report

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Never allow a collection agency tell you they cannot delete a collection account from your reports. It's simply not true. If they put it on your credit report, they can take it off. A pay for delete is when a debt collector agrees to remove a debt … [Read more...]

Creditors or collection agencies cannot restart the deletion time

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A charged off account remains on your credit report 7.5 years from the original delinquency date that led to the charge off. If the account was sent to a collection agency, that collection agency may also report the account on your credit reports. … [Read more...]

New version of FICO is better if you have paid collections

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FICO is the largest credit scoring model used by 90% of lenders. Every few years FICO updates its scoring model and the newest version, FICO 9, might actually help consumers with paid collections and medical collections. The newest edition, FICO … [Read more...]

How to get your credit file ready for a mortgage loan

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FICO generates the most widely used credit scores. These credit scores are based on credit reports from three major credit reporting agencies: TransUnion, Equifax and Experian. The bank or mortgage company will check your credit reports and scores … [Read more...]

How to Rebuild Credit Scores by using credit accounts

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A good credit score ranges from 700–749. An excellent credit score is 750 and above. Both good and excellent credit practically guarantees approval with the best interest rates as long as you do not carry too much debt. Adding positive credit … [Read more...]

Unsecured Credit Cards for Bad Credit or Fair Credit

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Rebuild credit with easy approval retail cards

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When rebuilding or establishing good credit it is important to exercise as many options as possible. Easy to get retail credit cards to rebuild credit is an excellent way to establish good credit and improve scores. Seek easy to get retail credit … [Read more...]