FICO Scorecard Buckets may be why your credit score won’t budge
FICO groups consumers with similar credit histories together in Scorecard Buckets. These buckets can be responsible for scores not improving.
Credit Scores
A credit score is a 3-digit number based on your credit history. Credit scores summarize how well you handle debt. Credit scores also help lenders assess the risk they would be taking by extending you credit. Higher credit scores typically help you qualify for better rates from lenders – which can save you money!
Top factors keeping your credit score low
Ever received a denial of credit letter with reason codes you did not understand? Those codes can answer why your credit scores are low.
How Late Payments Impact Credit Scores
The negative effects of late payments on credit scores is two-fold. Late payments can take up to 100 points from a credit score plus once a late payment is on your credit reports, it can be there for 7 years.
Building a healthy savings account is the foundation to good credit
Most damaged credit could have been saved by having a healthy savings account. Start building a savings account today with a high interest savings account that earns 20x the national average.
Top 5 Facts You Should Know About Your Credit Score
5 Top Facts About Your Credit Score: Lack of knowledge about your credit score can hurt your finances. It’s not necessarily your fault but once you’re aware it’s important to adjust your habits.
Build a solid credit history with or without credit cards
The impact on lives of people without a solid credit history or no credit can be profound. Build a solid credit history with or without credit cards.
Secured Cards offer a simple and fast way to build credit
Whether you’re just starting out with little to no credit… Read More »Secured Cards offer a simple and fast way to build credit
What to do when you have no credit score and no credit history
Not every U.S. consumer has a credit score. There are several simple actions you can take when you have no credit score and no credit history to have a score within 6 months.
The best ways to deal with terrible credit
Not knowing what’s making your credit score poor will keep you from fixing it. The good news is bad credit can be fixed with some tweaking and effort.
Raise Credit Scores Fast!: 10 Incredibly Simple Strategies
10 Simple Strategies to raise credit scores fast. Credit scores can change every time a creditor reports new information. What if you took control of the information being reported with these 10 Strategies.