The subject of credit repair is a powder keg, lightening rod, PR loser…chose your own metaphor. Opinions on the subject seem to be polarized, meaning you either like credit repair companies or you hate credit repair companies.
Short sales are a relatively new phenomenon and because of this there’s an incredible amount of misinformation about the impact to your credit. Some people are even going so far as to say that a short sale is neutral to your credit, which is incorrect.
What is a credit inquiry and do they hurt my credit scores? And what’s this rumor I keep hearing about how FICO (FICO) scores are protected from multiple inquiries in a short period of time? All this and much more on this week’s episode of Credit Blab with John Ulzheimer.
When it comes to credit scoring questions, the answer is almost never as simple as “yes” or “no.” And, like most cases, the answer to this one requires some context.
For the first time ever there’s now a sweet spot, credit score wise. You really want to fall between 760 and 810, give or take a few points in either direction. Here’s why.
FICO’s entry into the mortgage market meant more press, more attention, more criticism, more work for me, and a whole lot of incorrect information being passed off as the truth.
It’s commonly known and generally accepted that banks, credit card issuers, auto lenders, credit unions and finance companies see your credit reports when you apply for a credit benefit. But what many people don’t realize is that other entities have the ability to see your credit reports and do so enjoying the protection of the Fair Credit Reporting Act.
The seven deadly credit sins: they all represent some form of default on a credit obligation. And while this is certainly not an exhaustive list of items that can damage your FICO scores, it’s a very good list to avoid.
How much should I have saved by 30 if I want to retire at 50? How can I get credit when I have no credit? What are the five most important things to know about credit? We answer these questions in this week’s round-up
The almighty credit score. It determines your interest rates, insurance premiums, and, you’ve probably read in one too many articles or seen on the news, your score could even affect an employer’s decision to offer you a job. It’s a scary statement. But is it really true?
