Credit report Q&A: “Does a credit report show employment history?” Spoiler alert! If you’re trying to game the system, you might want to think again. Credit reports contain a ton of information about us, whether we like it or not. And much of it is there to stay, at least for a decade or so,… Continue reading Does a Credit Report Show Employment History?
560 Credit Score: Beyond Subprime
It’s that time again, where we look at a specific credit score. Today’s lucky three-digit number is “560.” As always, we need to know which credit score scale we’re working with, as that will make a difference. Assuming we’re talking about the more common Fico score, which ranges from 300-850, a 560 credit score would… Continue reading 560 Credit Score: Beyond Subprime
Fair Isaac Credit Score
If you’re inquiring about the “Fair Isaac credit score,” you’re probably working with some outdated information (or talking to your grandparents). Fair Isaac Corporation is the former name and acronym of “Fico,” which is quite obviously the company behind the all-powerful Fico score. The name Fair Isaac is based on its creators, Bill Fair and… Continue reading Fair Isaac Credit Score
Do Medical Bills Affect Credit Score?
Credit score Q&A: “Do medical bills affect credit score?” This is a pretty common question, as medical billing always seems to get messy. More often than not, a medical bill pops up seemingly out of nowhere, despite the fact that you paid it months or even years ago. The problem is that medical billing is… Continue reading Do Medical Bills Affect Credit Score?
850 Credit Score: Is Perfection Possible?
It’s that time once again, to look a one very specific credit score. Today, it’s the highly elusive “850 credit score.” I liken 850 credit scores to endangered species, as you’d be lucky to see one even in a zoo. That’s how hard it is to attain an 850 credit score, at least with regard… Continue reading 850 Credit Score: Is Perfection Possible?
No Fico Score?
While most people have a Fico score, there are those who do not. Yep, not everyone has a credit score, contrary to what you might think. Why no credit score? Well, if you’re new to the United States, or simply a youngster with no credit history, there’s a good chance the credit reporting agencies won’t… Continue reading No Fico Score?
580 Credit Score: Terrible Comes to Mind
It’s another lovely Monday, so let’s take a look at a very specific credit score to assess its worth (or lack thereof). Today we’ll pick apart a “580 credit score” like a vulture, which on the surface is a bad credit score. I’m sure even a credit score novice would assume this. But as always,… Continue reading 580 Credit Score: Terrible Comes to Mind
900 Credit Score: Yes, It’s Possible
We’ve already looked at some fairly common credit scores, such as a 600 credit score, a 700 credit score and an 800 credit score. But what about the elusive “900 credit score?” Yeah you heard me right, the 900 credit score! You may be shaking your head, thinking I’ve got no idea what I’m talking… Continue reading 900 Credit Score: Yes, It’s Possible
720 Credit Score: The ‘Good’ Standard
Here we go again… It’s time to look at one specific credit score. Today’s lucky number is “720.” Bingo! Anyone? Before we get started, we need to apply the correct credit score scale to ensure we accurately gauge your creditworthiness. 720 Fico Score Just Above Average On the Fico credit score scale, which ranges from… Continue reading 720 Credit Score: The ‘Good’ Standard
How Much Does a Missed Mortgage Payment Lower Your Credit Score?
Credit score Q&A: “How much does a missed mortgage payment lower your credit score?” As I always say around here, credit score creators like to keep their algorithms a bit of a secret. But every now and again, they give us some great little tidbits to demystify the process. The latest data comes from Fico… Continue reading How Much Does a Missed Mortgage Payment Lower Your Credit Score?