5 Traits of Consumers with Perfect Credit Scores
The main habits to achieve excellent scores are to keep credit card balances low and consistently make payments on time, even if it’s just the minimum.
Building a healthy savings account is the foundation to good credit
Most damaged credit could have been saved by having a healthy savings account. Start building a savings account today with a high interest savings account that earns 25x the national average.
Insurers believe consumers with poor credit are also bad drivers
For years the insurance industry has been using credit scores as an excuse to charge consumers with poor credit scores higher premiums. It does not matter whether the consumer has a good driving record. The information contained in your credit reports can have a major influence over many parts of your life, including your auto…
The real impact of credit inquiries on credit scores
For most consumers one inquiry can take 5 points or less off a credit score but that number can increase if you have few accounts or a short credit history.
Goodwill Letters: Do they still work with creditors?
Goodwill letters still work even if the creditor says it is against the law to delete a negative item. It is not against the law just keep pursuing.
4 Actions you may not be aware of that cause low credit scores
Credit scores measure behavior in terms of how well you manage credit and debt. Knowing the consequences of certain actions may help keep you on track with your credit scores. There are several components to credit scores but a few key components have the most impact. It only takes a few actions for a credit…
New version of FICO is better if you have paid collections (FICO 9)
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. FICO Score 9, has some big changes in the area of debt collection. The scoring model will not include…
Rapid Re-Score Negative Information in your Credit Files!
Rapid Rescore is a service used by lenders and mortgage brokers to update or increase credit scores in as little as 72 hours! Credit report errors can be quickly corrected, balances can be updated quickly and new scores generated in order to qualify for a mortgage loan.
Build a solid credit history with or without credit cards
The impact on lives of people without a solid credit history or no credit can be profound. Build a solid credit history with or without credit cards.
What hurts your credit score: 7 Top Score Killers
It is not a big mystery that some financial activity will drop your credit score more than other activity but you may be surprised at what hurts your credit score.
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