| FICO - FICO information, tips and advice from the largest directory of free finance articles and content.
Related Articles: FICO
|
| Showing 1 to 25 of 59 Articles in FICO. |
| Pages: 1 | 2 | 3 | Next >> |
1. FICO Scores: How Your Credit Report is Assessed
by Lee Keadle
January 5, 2009
Lenders use a credit scoring system created by the Fair Isaac Corporation in order to assess a potential borrower’s FICO score. Every borrower falls into this range, with the lowest possible score at 300 and the highest at 850. Borrowers with lower scores have to pay higher interest rates and loan origination fees because these borrowers are deemed as having more risk associated with lending mon ...more...
|
2. 4 Simple Steps to Getting Bill Collectors to Stop Calling
by Susan Clement
December 10, 2008
Bad credit and harassing bill collector calls can be debilitating to anyone, I should know. I used to be in such a financial mess due to a long drawn out divorce and lack of child support from my ex, that one day I had to make a crucial decision on what bills I just could not pay anymore just so we would have enough money to pay the mortgage, the car payment and food. Those days are long gone ...more...
|
3. What Are Credit Scores And How They Work?
by Maryann Floretta
November 30, 2008
Also known as credit rating in the United States, credit scores represent an approximation of an individual’s pecuniary appraisal value. Attempting to quantify the comparison of the failure to pay the bills or other obligations satisfactorily met, it is simply based on a person’s report.
Credit scores are determined by financing institutions in the information found in the data accomplishe ...more...
|
4. Want to Fix Your Credit? Learn to Fix Your Credit Yourself
by S.L. Welch
November 23, 2008
Credit repair is not rocket science, but nonetheless it does require a specific skill set (more like specific knowledge). This is why credit repair companies make so much money. It’s funny though because while it does require some specific knowledge, that knowledge is very accessible AND to top it off it’s EASY to learn to fix your credit.
Yes, it’s easy to learn to fix your own credit ...more...
|
5. Personal Loans with Poor Credit Rating - No FICO Factor for Pers...
by Jennifer Morva
November 22, 2008
If you have a poor credit rating, chances are that you will never get a financial loan from any nationalized institution. The credit rating enquiry is a very important factor in the approval proves in such institutions. You can alternatively, approach the payday loan companies, especially on the internet. They offer several schemes, including personal loans with poor credit rating.
Credit ...more...
|
6. No Credit Check Auto Loans - Who Cares for the FICO Score
by Frank Dervin
November 24, 2008
Buying cars was never so easy. You want a car. You get an estimate from the car dealer. You then apply for a car loan which gets approved in no time and you have the car keys in your hands. But this is not the case when you go for secured loan. This speed of approval is possible only when in no credit check auto loans.
But why would anyone risk his money by financing your vehicle? Simple; ...more...
|
7. The Real World and Your Credit Score
by YW Aronson
November 20, 2008
Have you ever thought about how a low credit score could take money out of your pocket? The bad news is that there are many ways a low credit score can hurt your personal finances. According to myFICO, a low credit score will result in much higher mortgage payments. For a $300,000 30-year fixed rate mortgage, the difference between a very low and very high c ...more...
|
8. Credit Repair Best Practices For Improving Credit Report Scores ...
by Joey Lee
November 14, 2008
This series of articles on Key Credit Repair Tips to Improve your credit report scores describes the common pitfalls that laypersons commit without having sufficient understanding of the credit reporting system and the solutions to help repair their credit scores. This part of the series discusses the importance both time and timing when executing credit repair activities.
Over Time, In Ti ...more...
|
9. How does your credit score affect your mortgage interest rate?
by Jennifer Baxt
November 9, 2008
When most couples get married, there are few negative thoughts that will enter their minds; least of all is substance abuse. Most believe that when they get married, they will generally have a good marriage. Unfortunately, this is not always the case and many marriages will suffer difficulties, including problems with substance abuse. People change over time, so it is not always something that can ...more...
|
10. How do foreclosures affect your credit?
by Jennifer Baxt
November 6, 2008
Right now, millions of people are going through the pain of foreclosure as the sub-prime mortgage crisis sweeps across the United States. As a result, those millions of people will learn first hand what can happen to their credit score when a foreclosure is put on it.
When a foreclosure happens, it means that the homeowner can no longer make payments on their loan. The property is then sei ...more...
|
11. Do you understand your FICO score?
by Jennifer Baxt
November 3, 2008
Nothing has a bigger effect on whether or not you can get a loan, how much interest you pay and how credit will affect your life, than the FICO score. Fair Isaac Credit Organization (FICO) is the leading credit report company in the United States, and the number they assign your credit dictates your future.
The scores range between 300 and 850. The lower the number you have, the worse your ...more...
|
12. FICO scores and Credit Scores
by CreditScoreAide .com
October 20, 2008
The credit score is a number that the lenders use to estimate the risk. It is a fact that experience has shown them that borrowers with higher credit scores are less likely to have that loan. Obtaining your free credit report is really important for you to have knowledge and control over your financial information. When obtaining your free credit report, keep in mind that you should have no obliga ...more...
|
13. Credit repair during a credit crisis
by Jennifer Baxt
October 16, 2008
These days, people are finding that their once solid credit rating has fallen faster than the stock market, and they are in danger of spending the next few years dealing with high interest rates and credit rejections. Millions have been foreclosed on, gone bankrupt or fallen behind on their bills during these tough economic times, and they are looking for a way out.
Your credit is not writ ...more...
|
14. Helping You Improve Your Fico Credit Scores
by Mike Selvon
October 15, 2008
Do you and your spouse need to improve your FICO credit scores? According to the Fair Isaac Corporation, 60% of all Americans have credit scores less than 750. Fair Isaac's insurance scores run from the 100s to the 900s, with the higher the number, the better.
To find out your score, you can get a free credit report from Equifax, TransUnion or Experian at "Annual Credit Report", which off ...more...
|
15. The Luxurious Riu Palace Pacifico Opens its Doors
by Brandice Thorn
October 15, 2008
Today October 3rd, 2008, RIU Hotels & Resorts will be inaugurating the Palace Pacifico, a luxury hotel in Riviera Nayarit on Mexico’s Pacific shores just 15 kilometres from Puerto Vallarta. The 445-room hotel is located on the beachfront and joins ClubHotel Riu Jalisco and Riu Vallarta, with which the chain now has a total of 1,695 rooms on offer in the destination.
"We are very pleased an ...more...
|
16. Top News Review Storys
by Keri Patton
October 8, 2008
Top News Review Storys Fico Score in Depth These Days are tough when it comes to getting loans even with a decent Fico Score. IF your looking into getting all three fico scores this is a good price .Usually you have to pay between $15 and $16 for each of them. The credit report is a summary of all the credit transactions and standing for your open accounts but it h ...more...
|
17. Debt Consolidation is Risky Business for People in Need
by Jill Russo Foster
September 24, 2008
I recently met with a potential mortgage client. This couple was trapped by one of those easy to overlook agreements found so often in troubled mortgages today. Their adjustable rate mortgage payment was about to go higher, and taxes were not included in the mortgage payment (or in their monthly budget). They were afraid they would lose their home any month. Well, they’re not alone in their situat ...more...
|
18. Understanding Your FICO Score - How Much You Owe
by kyle gentile
September 2, 2008
FICO scores are formulated using a complex algorithm that factors in many elements of your credit history. You FICO score is a snap shot of your credit standing and is based off of your credit report. There are five main elements of your FICO score that each has a different weight: payment history 35%, how you owe 30%, credit history 15%, applications for credit 10%, and credit mix 10%. Besides ...more...
|
19. Good FICO score - Lowering limits
by kyle gentile
September 2, 2008
Often consumers can get a bit confused about the right way and the wrong to improve a FICO score. The idea of lowering your limits is just one of those ideas. The idea comes from the rational that lower credit limits means you are a less of a risk to a lender because you can get yourself into trouble borrowing large amounts of credit at any given time. Since you are less likely to get yourself ...more...
|
20. A FICO Score versus a Credit Score
by kyle gentile
August 20, 2008
A credit score is a general term used for a number assigned to you based on your credit report. A FICO score is one of these scoring models and is a brand of credit score. What that does for the consumers is sometimes increase confusion. There are some things to understand.
The first thing is, if you are talking about credit scores, you are talking in general. It is a myth that there i ...more...
|
21. Late Payments and a Good FICO Score
by kyle gentile
August 20, 2008
Are you reviewing your credit report in efforts to get a good FICO score? If so you need to look for the negative entries listed. You need to stop them from happening and know how they are weighted into your FICO score. The most common is late payments and these often have the largest effect on your credit score. This is because your payment history makes up 35% of your score.
Late pay ...more...
|
22. My Beacon Credit Score is Low What Can I Do-Tips to Increase You...
by darin sewell
August 20, 2008
Knowing you have a low beacon credit score is not a good feeling. Most people find out they have a low beacon credit score only after they get turned down for a loan or credit card that they so desperately needed. The sad part is that for many people this situation could have been avoided if they just followed a few simple steps to keep their credit report clean.
Tips To Keep Your Credi ...more...
|
23. Credit Score Scale - FICO Score versus VantageScore
by kyle gentile
August 20, 2008
In March of 2006, the three credit bureaus announced the use of a new credit scoring system called VantageScore. It was to combat the industry giant Fair Isaac and their scoring model the FICO score. The VantageScore came out with a lot of hype, but that was mostly in the minds of the media and consumers not the creditors who will be granting credit.
One difference is the credit score ...more...
|
24. What a FICO Score Does For Me and You
by kyle gentile
August 16, 2008
It might often seem that your FICO score is a burden. You have to make conscience efforts to get and maintain a good FICO score. You also have to be a disciplined person to avoid credit traps and ruining your score. You might think what does a FICO score do for me?
In the past getting a loan in the past was not as easy as it is today. It was often a long and drawn out process, taking w ...more...
|
25. Does Shopping Around For Credit Hurt a Good FICO Score
by kyle gentile
August 15, 2008
Your FICO score is based on your credit report and 10% of the score is weighted on your applications for credit listed on it. In particular, your FICO score looks at how many accounts you have recently applied for, how many new accounts were opened, how much time has passed since opening a new account, and how long it has been since you have applied for credit. Looking at the criteria, p ...more...
|
