As amazing as it may seem, when it comes to getting a credit rating not all credit scores are the same. When you pay to get a rating number it may not be the same one your lender sees.
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.
Improve My FICO Score – 5 Key Components
Your FICO, or credit, score is calculated independently by the Big Three credit reporting agencies (viz., Equifax, TransUnion, and Experian) based upon a shared formula. Your score has a huge influence on your financial health. An improvement of just 40 or 50 points can mean paying hundreds less per month for a 30-year mortgage, for example. Anything you can do to increase your FICO score can literally mean money in your pocket.
Get Better Credit – 5 Secrets Of Success
Improving your credit, or FICO, score by even 50 points can save you hundreds of dollars per month in lower payments. This is because your credit score directly determines the interest rate at which lenders charge you for auto loans, mortgages, and credit cards. A better score can also make you eligible for many special rates and promo offers that you may not even be seeing right now because you are not on the right mailing lists due to a less-than-impressive score.
Bad Credit Mortgage Loans – How Does Your Fico Credit Score Affect Your Loan Approval?
How “bad” is bad credit? If you can pull your credit report yourself and get a copy of your FICO credit score, that will give you a good idea. Here is a general idea of the FICO score breakdown:
Better Credit Scores – 7 Tips
Credit scores are the equivalent of a financial report card. There is no way to avoid having credit scores since the Big Three consumer reporting agencies – Equifax, Trans Union, and Experian – keep tabs on your credit situation daily. These agencies then report your scores to any lender who requests it.
Improve Your FICO Score with Student Loan Consolidation
Consolidating student loans is one of the most effective ways to improve your FICO score dramatically. A FICO score is perhaps the most important factor in shaping your financial future. Just a few additional points on a FICO score can literally save tens of thousands of dollars over a lifetime by locking in low interest rates on houses, cars, and other items purchased with credit.
Avoid Predatory Lenders and Get a Good Home Loan
How to avoid predatory lenders and get a good home loan.
What’s In Your FICO Score?
Obtaining copies of your credit reports from the three major credit reporting bureaus is a must for all American consumers. If you order your copies directly from each bureau, you can get yours for free [once per year per bureau]. That is the law. There is, however, one piece of information not included with your credit reports and that is your FICO score. Your FICO score can determine several things, including what interest rate mortgage lenders will charge you and the rate …
Free Credit Report Why You Need One!
If youre like most of us, you probably dont even think about your credit rating until its time to apply for a credit card, mortgage or car loan. A little known fact is that people with a good or excellent credit rating can pay a significantly lower interest rate when they borrow money. This can mean a savings to you of hundreds or even thousands of dollars over the life of a loan.
How To Check Your Credit Rating and Know Its Affect On You
Every time you take out any kind of loan or credit or pay something back, it gets counted on your credit rating score. This article will inform you about how your credit score is determined and what its impact is on your personal financial situation may be.
Credit Repair
If you are among the 30 million Americans who have financial problems, here are three things you can do to repair your credit.