While most of us focus on FICO as the dominant credit score, that’s hardly where it ends. In fact, you’ve got so many more scores that if I tried to name all of them and explain what each of them do your head would spin and I’d run out of paper. But because I never shy away from a credit related challenge, here’s an abbreviated version.
Ok, I get it…this credit score stuff is complicated. The media get it wrong. Politicians get it wrong. Even employees of the credit bureaus get it wrong. So back by popular demand it’s another edition of my credit score myths.
Say you’ve got some extra money to pay off one of your major loans (mortgage, auto, credit card, collections). How do you get the most bang for your buck in terms of boosting your credit score? We’ve got the expert answer.
The internet is full of promises when it comes to getting a peek at your credit score for “free,” but nearly all these providers will require a credit card number for a trial subscription. Here are a couple of services that don’t ask for any plastic.
So you’ve made some credit mistakes. With over 35% of the population scoring below 650 on the FICO scoring scale, you’re certainly not alone. But now that you’ve made the mistake, how long are you going to have to live with it?