by Sam | Mar 10, 2019 | Building Credit, Credit Scores, Improving Credit
What Is Piggybacking Credit? Piggybacking credit is having a third party, a credit worthy individual, add you to their credit card as an authorized user. This will allow you to receive the credit benefits from that account, helping you improve your own credit score...
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 | Dec 16, 2018 | Credit Cards, Credit Maintenance, Credit Scores
Credit Utilization Credit utilization is one of the big factors that credit scoring models look at. Credit utilization is calculated by your current balance verses how much percent of your available credit or credit line was used. The higher the percent of your credit...
by Sam | Nov 19, 2018 | Credit Scores
The last few weeks I posted about a leaked Fico document revealing a full list of the Fico reason codes. The document also reveals a full description of all the reason codes. At Help Me Build Credit, we deeply reviewed this document. In this post, we will go through...
by Sam | Nov 12, 2018 | Credit Scores
Last week I posted about a leaked Fico document containing a list of all the Fico reason codes. I promised to analyze the document and report back to my readers about the insights we can gain from it about the Fico scoring model. Before I do that, I would like to...
by Sam | Nov 5, 2018 | Credit Scores
Which Factors Does Fico Use To Calculate Your 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 decisions) is...
