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 was leaving over 50 million Americans without a Fico
Updated: 08/07/18 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 your name. There are
I have advised a friend of mine to open a new credit card which has a great sign- up bonus (I was helping him plan a great free vacation). 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
People always ask, how much will a late payment affect my credit score? 100 points? 150? What affect will high utilization have on my credit score? The answer to all of these questions is that it depends. The Fico scoring model is built to be able to match your credit file with the credit file