The FICO score model is the mostly widely used scoring model. As per Fico, as much as 90% of lending decisions that are done using a scoring model,...
The 5 Most Important Factors In A FICO Score
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Explore Credit Topics
Why Are My Credit Scores Different?
When people check their credit score, should it be by Credit Karma or on their Discover statement, etc., they look at the three-digit number. They...
Credit Scores And Mortgages: Here Is What You Need To Know
Shopping for a mortgage but got bad credit? You are not alone! I invited a great mortgage expert Chaim Tarkieltaub from Mint Capital to explain the...
Intoducing FICO® Resilience Index
Fico now has another tool to calculate how consumers use credit. The FICO® Resilience Index was created specifically for difficult financial times....
Credit Utilization
One of the biggest factors that credit models look at when calculating a credit score is credit utilization. Credit utilization means how much of...
Piggybacking Credit- Everything You Need to Know
Piggybacking credit is having a third party, a creditworthy individual, add you to their credit card as an authorized user. This will allow you to...
The New Fico Scoring Model: Fico 10/FICO 10T– What’s Changing?
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...
Does Closing A Credit Card Hurt Your Credit?
People are always asking me: Does closing a credit card hurt your credit? Closing a credit card does not hurt your credit directly. But closing a...
Medical Collections
Chana F. is a working mom, juggling work and taking care of her four children. Life for her was always busy, but one day her eldest daughter started...
