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Free FICO Score Reports

admin — Tue, 19 Aug 2008 09:23:00 +0000

If you are in the market to buy a new car or a house, or even to rent property, your FICO score will be checked. The main benefit of credit scoring, lenders argue, is that they can make decisions faster by using automated systems.

You may now ask, "What is a FICO score?" A FICO score is a...

Pay Down Debt To Improve Your FICO Credit Score

admin — Sat, 16 Aug 2008 10:24:37 +0000

You can get started fixing your FICO credit score by reaching into your wallet or purse and pulling out the plastic.

Yes, it's time to get serious about debt....

Your goal is to reduce your outstanding balances on all your credit cards. It's been reported that nearly one-third of on...

Understanding The Different Types Of FICO(r) Credit Scores

admin — Wed, 13 Aug 2008 12:35:39 +0000

Before credit scores were developed, lenders use to physically look over each applicants credit report and credit history to determine whether or not to extend credit. This process was highly time consuming and sometimes resulted in large human errors.

As a result, Fair Isaac created the cr...

6 Ways In Which You Can Avoid The History Of Bad Credit

admin — Sun, 10 Aug 2008 13:31:30 +0000

1. Those who don't know history are doomed to repeat it.

Our nation is in chaos and the root of it all stems from good graces of man. Credit is deeply rooted into our history, it stems from a person's or merchant's product or service is priced too high for the average co...

Five Tips To Improve Your Credit Score

admin — Thu, 07 Aug 2008 14:38:31 +0000

The "American Dream" is becoming a reality for more families than ever before. According to the U.S. Department of Housing and Urban Development (www.hud.gov) over 67.7 percent of Americans are now homeowners. This is the highest homeownership ever.

The chances of becoming a homeowner are...

The Credit Score Rating Scale Explained

admin — Mon, 04 Aug 2008 08:05:02 +0000

Many people are unaware of what a credit score actually means. In fact, a survey of 1,000 Americans taken in September 2004 demonstrated that only one third of people knew that a credit score was a measurement of how likely a person is to pay off a loan. Having a good credit score is necessary wh...

What Is The Credit Score Rating Scale

admin — Fri, 01 Aug 2008 09:51:38 +0000

Understanding your credit score rating scale can seem like an overwhelming and almost impossible prospect. A credit rating scale can be confusing, especially if you have trouble with numeric systems. In a scale you have several numbers that all mean something different. Even though it can be a ha...

Home Buying Terminology — What is FICO

admin — Tue, 29 Jul 2008 09:10:06 +0000

When applying for a mortgage loan, you'll likely encounter the term "FICO" at some point. And even if you don't hear the phrase mentioned, FICO is there in the background, affecting your chances of loan approval and influencing your interest rate.

So what is FICO, and how does it affect...

Low APR Credit Cards - Selecting the Best

admin — Fri, 30 May 2008 08:51:07 +0000

Hunting for and selecting the very best low APR credit cards has become easier with the advent of the Internet where you can do easy comparisons (from the various options available to you at the click of a mouse) as to which low APR credit card will be the best for your needs.

Simply put, l...

Credit Cards for Small Business

admin — Thu, 29 May 2008 08:17:08 +0000

Do you have a small business? How much do you earn? Is your credit card helping you? How much do you pay for your credit card?

Running a small business is a very difficult job, especially if you are alone with this endeavor. It will take a lot of consideration and study. Small business must...

Mileage Credit Card - Strategies For Using Your Miles

admin — Wed, 28 May 2008 09:21:26 +0000

A mileage credit card is practically identical to a frequent flyer credit card. Mileage cards gained popularity when the airlines companies, to gain customer loyalty and patronage, introduced mileage points on every flight that a customer would travel. Once a certain level of points is reached, t...

Balance Transfer Tips - Maximizing The Benefits of Transfers

admin — Tue, 27 May 2008 09:28:03 +0000

While transferring your balance from a high interest credit card to one with a low interest rate is easy, there are certain things that should be taken into consideration. The first thing you want to do is look at your current credit standing. If you have a good credit history, you should have no...

FICO Credit Score Can Be Lowered By Simple Mistakes

admin — Mon, 26 May 2008 09:50:30 +0000

So just why DO errors show up on your credit report?

According to MyFICO.com, errors in a person's credit report might mean their file is incomplete, contains information about another person, or any number of reasons:

Sometimes it's a simple credit report error like transposing num...

What is a Platinum Credit Card

admin — Sun, 25 May 2008 09:42:22 +0000

You may have heard one of your mates boasting that they've been approved for a platinum credit card and wondered exactly what all the hullabaloo and fuss is over. Usually, it means that your mate is to be commended for keeping his or her accounts well in order but aside from that, each company t...

How To Use The Credit Card

admin — Sat, 24 May 2008 08:49:09 +0000

Thinking about how to use the credit card is the initial step in the choice of a credit card.

When full payment of monthly bill is expected and card features like flyers miles are not in the interest of the customer, a card with a waived annual fee and longer grace period is the best option...