Archive for the ‘Credit Score 101’ Category

Credit Score Basics

If you are an adult living in the United States, there is a 99.9% chance that you have a credit record.   Even if you have never taken out a loan, applied for a credit card or purchased a vehicle, you’ll still…

Credit Scoring Basics

What is a credit score? Is there a good or bad side to credit scoring? How is a score calculated? What is “FICO”? What are the benefits of credit scoring? What are the down sides?

In a nut shell, a…

Your credit score is important for each and every lender because it constitutes whether they should lend you money, approve your credit card or agree to provide you any form of financing. Your credit score will fall in a certain range, and this range…

Many people, surprisingly, don’t know what their credit score is, let alone how to calculate it. Here are some basics to help you out, so that you can do the necessary things to improve your credit score.

Your credit score determine your credit-worthiness. When…

Credit score is important – much more important than most people realize. Some surveys indicate that 90% consumers don’t know about their credit rating, and this got to change somehow because what you don’t know can cost you a fortune.

Here’s the basic: A…

Entrepreneurs could end up having below average credit scores related to their business funding activities – how so and how to avoid it to happen?

According Fair Isaac – the company that develops credit scores formula, namely FICO – the regular consumer averages:

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Before we explore the credit score myths, here is a fact for you to ponder: According to a survey, about half of Americans don’t know how credit scores are calculated, including what factors considered in the calculation.

In a nutshell, your credit score is…

Want to understand credit score? This is a million dollar question comes in everybody’s mind, especially who uses the credit card. The cause is Credit Score might rate you millions of bucks greater than your life time.

Your Credit Score might obtains two…

Are you scared about how to restore the credit? If you are, here’s the truth about credit rating problems – you are not alone. This is happening for many people. Do not get panic as many people can get themselves out of the situation…