Credit Score News

Consumer Credit Scores vs. Lender Credit Scores

Consumer Credit Scores vs. Lender Credit Scores
September 25, 2012 No Comments »

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 »

Credit Reporting Agencies to Be Supervised by Feds

Credit Reporting Agencies to Be Supervised by Feds
July 17, 2012 No Comments »

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 »

What is a Credit Grade?

What is a Credit Grade?
March 20, 2012 No Comments »

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 score, the higher the chances of default. And vice versa. While this may seem relatively ... Read More »

Now You Can Get Your Fico Score in Spanish

Now You Can Get Your Fico Score in Spanish
January 25, 2012 No Comments »

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, they launched “myFICO en Español,” the first Spanish-language website where consumers can get everything related ... Read More »

Credit Agency Glitch Drops Credit Scores

Credit Agency Glitch Drops Credit Scores
April 14, 2011 No Comments »

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 had subscribed to credit score monitoring services received credit score alerts regarding the drop in ... Read More »

FHA Minimum Credit Score

FHA Minimum Credit Score
April 5, 2011 No Comments »

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 scores below 500 will no longer be able to qualify for an FHA loan. Period. ... Read More »

Credit Utilization Rising, Likely Hurting Credit Scores

Credit Utilization Rising, Likely Hurting Credit Scores
March 15, 2011 No Comments »

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 cardholders are utilizing, on average, more than 30 percent of their total available bank card ... Read More »

Free Fico Scores for Military Servicemembers

Free Fico Scores for Military Servicemembers
March 4, 2011 No Comments »

Good news for military servicemembers. The FINRA Investor Education Foundation announced this week that both military and their spouses can access their Fico scores at myFico.com. Additionally, they’ll have free access to the educational information and tools in the FICO® ... Read More »