Consumer Credit Scores vs. Lender Credit Scores Credit Reporting Agencies to Be Supervised by Feds What is a Credit Grade? Now You Can Get Your Fico Score in Spanish Credit Agency Glitch Drops Credit Scores

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

Credit Card Balances and Credit Score

Credit Card Balances and Credit Score
April 26, 2011 No Comments »

One of the most important factors in determining credit scores is utilization. And by utilization, I mean the amount of credit you are using versus that which is available. For example, if you’ve got a credit card with a $10,000 ... Read More »

Foreclosure vs. Short Sale on Credit Score

Foreclosure vs. Short Sale on Credit Score
April 25, 2011 No Comments »

If you’re having difficulty keeping up with mortgage payments, you may be wondering about the impact of a foreclosure vs. a short sale on your credit score. Well, first thing first, neither is welcome news for your credit score. Both ... Read More »

620 Credit Score: The Subprime Cutoff

620 Credit Score: The Subprime Cutoff
April 18, 2011 No Comments »

Let’s do this thing. It’s that special time when I look at a specific credit score, today a “620 credit score.” This is certainly a more common credit score, largely because it serves as a threshold for both creditors and ... 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 »

What Does Your Credit Score Mean?

What Does Your Credit Score Mean?
April 11, 2011 No Comments »

Credit score Q&A: “What does your credit score mean?” Put simply, a credit score summarizes and represents your credit history in numerical form. And your credit history measures the likelihood that you will become delinquent on a credit line in ... Read More »

500 Credit Score: Yikes!

500 Credit Score: Yikes!
April 5, 2011 No Comments »

It’s Tuesday; time to take another in-depth look at a specific credit score. Today, it’s the infamous “500 credit score.” If you’ve got a 500 credit score, you’ve got a bad credit score. I hate to say it, but it’s ... 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 »

650 Credit Score: Good Credit Is Within Reach

650 Credit Score: Good Credit Is Within Reach
April 2, 2011 No Comments »

It’s that special time again, where I take an in-depth look at a very specific credit score. Today we’ll assess a “650 credit score.” Per usual, be sure to apply the associated credit score scale for proper evaluation. Otherwise you’re ... Read More »

What Credit Score Do You Need for a Mortgage?

What Credit Score Do You Need for a Mortgage?
March 31, 2011 No Comments »

Credit score Q&A: “What credit score do you need for a mortgage?” This is a more complicated question than it appears. You can’t just say, “Oh, you need an 800 credit score.” Or, “As long as you have a 700 ... Read More »

Annual Credit Score?

Annual Credit Score?
March 30, 2011 No Comments »

Think again. There is no “annual credit score.” Just an annual credit report furnished by the three major credit reporting agencies. They’re each willing to let you plant your eyes on a credit report for free once annually, but that’s ... Read More »