A persons credit score is one of the most important numbers they will ever deal with. A credit score is used by many different companies to determine the credit worthiness of a person. Almost every business a person deals with from utility companies to banks are interested in their credit score.
Is Credit Scoring Important In Your Life?
You need to know how credit scoring and your credit report works to get out of debt and improve your financial future. Here is what you need to know.
Fico Frequently Asked Questions
So, you have decided to consolidate your debts and are trying to improve your credit score. You’ve received the credit report, gone through it, and everything looks pretty much in order. Do you have a few questions about what FICO actually means? Don’t worry, you’re not the only one.
Understanding Credit Scoring On Mortgage Refinancing or Second Mortgage Loans.
For years, lenders have utilized “credit scoring” to determine whether or not an individual is a good credit risk. Credit scoring has recently become a hot topic, due in large part by the mortgage lending industry’s willingness to use the process to evaluate one’s likelihood of repaying home mortgage refinancing or second mortgage loans.
What Is Credit Denial And What Can You Do About It?
If you apply for a credit card or a loan and the company turns you down, they must send you a written notice within 30 days.
Need Credit or Insurance? Your Credit Score Helps Determine What Youll Pay
How important is your credit score? It can determine your credit card interest rate, insurance costs, and even your mortgage loan rate.
Improving Your Credit Report and Score
Do you really know how important your credit report really is?
How Often Should I Check My Credit Report?
Tips and information provided on whether or not you should consider ordering your credit report to find out if there are any problems with your credit prior to apply for credit and employment opportunities.
Credit Scoring – Does it Matter?
Borrowers with good credit history may be rated as a prime borrower and qualify for the lowest interest rate available. A negative rating can lead to paying a very high interest rate in order to get approval for a mortgage loan.
Do You Need Credit or Insurance?
Your credit score helps determine what youll pay for credit or insurance.
Are You Ready For A New Credit Scoring System?
Provides information and tips on the new credit scoring system which will be used by creditors and the three major credit bureaus in addition to the FICO score currently used.