What is a Credit Grade?
Over here, we focus on traditional credit scores, which put simply, are a measure of a borrower’s default risk. In short, the lower the credit ...Now You Can Get Your Fico Score ...
While this may sound overdue, Fico, the creator of the Fico score, has finally gotten around to creating a Spanish version of their website. Yesterday, ...Credit Agency Glitch Drops Credit Scores
A glitch at credit reporting agency Experian put consumers in a panic after their credit scores plummeted temporarily. Apparently an undisclosed number of users who ...FHA Minimum Credit Score
Recently, the FHA imposed a “minimum credit score” for FHA loans after sustaining serious losses during the latest housing crisis. In short, those with credit ...Credit Utilization Rising, Likely Hurting Credit Scores
Credit utilization, a major credit scoring metric, is on the rise, according to a recent report from credit reporting agency Experian. The company noted that ...Latest Posts
How Cell Phone and Utility Companies Use Credit Scores
While most everyone knows that credit card issuers and banks use credit scores to determine whether or not to lend to us, there are some lesser-known uses for credit scores as well. For example, you may have heard that employers ... Read More »
550 Credit Score
It has been over a month since we’ve looked at a particular credit score to determine whether it’s good news, bad news, or not even newsworthy. That said, let’s look at a “550 credit score,” which at first glance doesn’t ... Read More »
Fica Scores and Fako Scores: Huh?
If you’ve ever done a search for “credit scores” online, you’ve likely come across a lot of funny terms. This is largely because credit scoring is shrouded in secrecy, so there’s a lot of misinformation out there. Unfortunately, this has ... Read More »
What is the Equifax Credit Score?
Credit score Q&A: “What is the Equifax credit score?” I’ve mentioned time and time again that there are a great number of credit scoring models out there used by lenders to determine our creditworthiness. And so that explains why you ... Read More »
660 Credit Score
It’s that time again, when we take a hard look at a specific credit score to determine where it lies on the ever important credit score scale. After all, simply knowing your credit score isn’t enough these days. You need ... Read More »
