Consumer Credit Scores vs. Lender Credit Scores
If you’ve ever pulled your own credit score, you may have been surprised, whether pleasantly or not, to find out that your score wasn’t the ...Credit Reporting Agencies to Be Supervised by ...
The Consumer Financial Protection Bureau (CFPB) announced Monday that credit reporting agencies will be supervised at the federal level for the first time in history. ...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 ...Latest Posts
Consumer Credit Scores vs. Lender Credit Scores
If you’ve ever pulled your own credit score, you may have been surprised, whether pleasantly or not, to find out that your score wasn’t the same as what your lender came up with. This is actually a very common scenario, ... Read More »
400 Credit Score: Near the Bottom of the Barrel
It’s been a while since I’ve taken a look at a specific credit score, so I thought I’d shake it up and examine something extreme. Today I’ll dissect the abysmal “400 credit score,” which is so low that it’s not ... Read More »
What is the Beacon Credit Score?
It seems every day there is a new credit score that we should all know about it. But after a while, it all gets pretty overwhelming. Which ones matter most? And why? Should I pay attention to this one or ... Read More »
Credit Reporting Agencies to Be Supervised by Feds
The Consumer Financial Protection Bureau (CFPB) announced Monday that credit reporting agencies will be supervised at the federal level for the first time in history. The CFPB estimates that there are roughly 400 consumer credit reporting agencies in existence, but ... Read More »
Does Applying for a Credit Card Hurt Your Credit?
This is a question I get a lot, and for good reason. This scenario takes place all the time, so individuals are constantly worried about the impact. It’s further compounded by the fact that you need a certain credit score ... Read More »
The median Fico score in the United States is currently 711. Generally speaking, the median score doesn't move around all that much. For example, back in 2005, the median score was 713.
