• 760 Credit Score: Now a Key Threshold

    760 Credit Score: Now a Key Threshold

    760 Credit Scores Are Now Pretty Important Every once and a while I talk about specific credit scores to highlight their importance. And so today, we’ll discuss a “760 credit score,” which is more than an arbitrary three-digit number. Believe it or not, exact numbers matter in the credit scoring world. Why? Because certain banks…

  • What Credit Score Is Used the Most?

    What Credit Score Is Used the Most?

    Hand downs and without question, Fico scores are used the most frequently when banks and lenders decide whether to extend new credit to consumers. So when you apply for a credit card, an auto loan, or a mortgage, there’s a very good chance the financing company will rely upon a Fico-based credit score when pulling…

  • 590 Credit Score: It’s Costing You Money

    590 Credit Score: It’s Costing You Money

    590 Credit Scores Can Get Expensive… If you’ve got a “590 credit score,” don’t give yourself a pat on the back. Give yourself a swift kick in the butt, because it’s not a good credit score. Heck, it’s not even an average credit score folks. Far from it… In fact, depending on what credit score…

  • Can You Raise Your Credit Score Fast?

    Can You Raise Your Credit Score Fast?

    You’ve probably seen ads on TV, the Internet, or even on a lamppost that promise you a higher credit score overnight. In fact, they may say claim to raise your score 100 points in “x” amount of time if you give them your hard earned money. But as I alluded to in a previous post,…

  • Average Credit Score By Age

    Average Credit Score By Age

    In case you were wondering, there most certainly is a correlation between credit score and age. What’s that relationship, you ask? Well, in a nutshell, it’s that the older we get, the higher our credit scores tend to be. And it’s not an accident, as credit history and depth of credit play a huge role…

  • 740 Credit Score: Almost There!

    740 Credit Score: Almost There!

    740 Credit Scores Aren’t Too Shabby Every now and again, I take the time to look at a specific credit score to see how it stacks up. Today, we’ll focus on a “740 credit score” to see what it means to you, the consumer who relies on credit to get through life. Yes, it’s a…

  • What Credit Score Is Needed to Buy a Home?

    What Credit Score Is Needed to Buy a Home?

    Credit score Q&A: “What credit score is needed to buy a home?” Home prices have fallen a ton over the past few years, along with mortgage rates. In fact, interest rates are at record lows at the moment. That must mean it’s a good time to buy a home, right? Ha ha…well that’s a discussion…

  • Credit Score After Bankruptcy

    Credit Score After Bankruptcy

    If you recently filed for bankruptcy, or are thinking about doing so, know that it is considered a “very negative event,” according to Fico, the founder of the almighty Fico score. In other words, your credit score will be severely damaged if you file for bankruptcy. The big question, though, is how much it will…

  • 530 Credit Score: Yes, It Sucks

    530 Credit Score: Yes, It Sucks

    530 Credit Scores Blow It’s another blue Monday, so I figured it’d be a good time to take another look at a specific credit score. And because Mondays are so “sucky,” why not also look at a “sucky credit score.” Yes, I’m referring to one in the 500s, because let’s face it, they all suck…

  • Which Credit Bureau Is the Most Important?

    Which Credit Bureau Is the Most Important?

    Credit score Q&A: “Which credit bureau is the most important?” In another attempt to potentially “game” creditors, consumers often wonder which credit reporting bureau they should most concern themselves with. For the record, the three major credit reporting agencies are Equifax, Experian, and TransUnion. And the words “bureau” and “agency” are used interchangeably, so don’t…