by Sam | Jan 29, 2020 | Credit Scores
Fair Issac and Co., the company that created the Fico score, announced in a recent press release that they will make available their newest scoring model Fico 10 this upcoming summer. Your Fico score is one of the most important assets you have in your financial life....
by Sam | Jan 20, 2019 | Credit Scores
Experian recently announced a new program that will help consumers who don’t have any credit scores. The program is called Experian Boost. Until now utility bills and phone bills payments were not counted into the scoring models. This was affecting a lot of consumers...
by Sam | Nov 5, 2018 | Credit Scores
Which Factors Does Fico Use To Calculate Your Credit Score In this day in age, where transparency is at a very high level, it may sound very shocking to you, but the formula for the Fico scoring model (a scoring model which is used in 90% of mortgage-lending...
by Sam | Sep 2, 2018 | Credit Scores
Traditional Fico scoring models only factor in information found on a consumer’s credit report. A traditional Fico score can only be generated if the consumer has at least one recent trade line that is open for more than six months on his credit report. This approach...
by Sam | Aug 6, 2018 | Building Credit, Credit Scores, Identity Theft, Improving Credit
Updated: 05/15/19 In today’s day and age, we hear daily in the news of new hacks and new identity theft stories. By now everyone knows how important it is to properly monitor your credit report to make sure that no thieves are able to open any credit cards or loans on...
by Sam | Jul 29, 2018 | Credit Cards, Credit Scores
I have advised a friend of mine to open a new credit card. He told me that he can’t open the card since he already has too many credit cards. “How many credit cards do you have?” I asked him. “I already have two credit cards,” was his reply. “ Two credit cards are too...
