What are “Score Factors”
What are “Score Factors” Credit Report by John Ulzheimer Share Share Email Score factors, which are also known as “reason codes”, describe the reasons your score was not higher. Since credit scores’ “secret sauces” are not divulged by the developer, score factors help to explain the score. That way the company can explain it enough […]
What Is an Excellent Credit Score and How Do You Get One?
What Is an Excellent Credit Score and How Do You Get One? Credit Cards by Maria Shahid Share Share Email Having a good credit score is crucial if you ever hope to be approved for credit cards or loans without sky-high APRs. Ranging from 300–850, the three-digit number proves to lenders and credit card companies […]
How Healthy is Your Credit Score?
How Healthy is Your Credit Score? Credit Report by Maria Shahid Share Share Email Your credit score is one of the most critical numbers in your financial life. Whether you’re applying for a new credit card, personal loan, or a mortgage, it is vital to know your credit score so that you have the proper […]
What’s a Good FICO Score?
What’s a Good FICO Score? Credit Report by John Ulzheimer Share Share Email One of the most common questions I’m asked is what constitutes a good FICO score, bad FICO score, great FICO score, horrible FICO score, average FICO score, etc? Here’s the deal on the quality of your FICO score…it’s going to depend. It’s […]
Does My Income Impact My Credit Score?
Does My Income Impact My Credit Score? Credit Report by John Ulzheimer Share Share Email You would think that a person with a high income would also have a high credit score, but that is not necessarily true. It depends upon how they pay their bills and how much of their credit they use and […]
Which Type of Credit Score Is Most Used for Auto Loans?
Which Type of Credit Score Is Most Used for Auto Loans? Credit Report by David B. Coulter Share Share Email When shopping for a car, most consumers are well aware that the car dealership will check their credit before moving ahead with a sale. Simply put, the better one’s credit, the lower the rate, and […]
What Affects Your Credit Score?
What Affects Your Credit Score? Credit Monitoring by David B. Coulter Share Share Email Maintaining a high credit score is essential as it is the determining factor when apply for a loan, mortgage, or credit card. Unless you make all of your purchases with cash, managing your credit score is one of your most important […]
Can I Get A Higher FICO Score If I Have A One Percent Debt to Limit Ratio On My Credit Cards?
Can I Get A Higher FICO Score If I Have A One Percent Debt to Limit Ratio On My Credit Cards? Credit Cards by John Ulzheimer Share Share Email “John, I’ve read on the Internet that if you have a 1% debt to credit limit ratio you’ll have a higher FICO score than if you […]
How Can I Protect My Score During the Holidays?
How Can I Protect My Score During the Holidays? Credit Cards by John Ulzheimer Share Share Email When you’re at the mall giving your credit cards a workout this holiday season please keep in mind how those actions can impact your credit scores. If you’re not sure how they work…here’s a refresher… 1. Payment history […]
What Credit Score Is Needed To Buy a House?
What Credit Score Is Needed To Buy a House? Credit Report by David B. Coulter Share Share Email Unfortunately, there is no single credit score that can guarantee a borrower a mortgage at a rate she is comfortable with. This is because each lender is free to set their own credit score requirements, based on […]