Posts tagged as:

FICO

Credit score basics

July 23, 2009

All the information out there on credit scores can be confusing. At the heart is the FICO score, which is what lenders use to determine your riskiness as a borrower.
Here are the main elements of the FICO score:

Payment history – Account payment information on specific types of accounts you may have, such as credit cards, [...]

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Congress calls out FreeCreditReport.com

May 27, 2009

FreeCreditReport.com is sort of an “honest” scam. “Hey, we’re FreeCreditReport.com! Nah, you have to pay for your free credit report. Yeah, but the name is FREECreditReport.com!!! But you totally have to pay. For your FREE FREE FREE credit report.”
Under the new credit card reform legislation, outfits like FreeCreditReport.com that offer free* services will have to [...]

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Gone in 60 seconds: 10 credit score myths

March 12, 2009

60-second video: Myths of credit | I Will Teach You to be Rich (via Lifehacker)

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Getting your credit score is getting more confusing

February 6, 2009

February brings two big changes to FICO credit scores. First, FICO credit scores are calculated differently as of yesterday. Second, as of February 14th, Experian will no longer give consumers access to their Experian credit score, although lenders will still have access to the number.
First, the changes to the way FICO scores are calculated. Consumerist [...]

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How and When to Cancel a Credit Card

September 16, 2008

How and When to Cancel a Credit Card | getrichslowly.com

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A look inside the credit score cocktail

April 8, 2008

The Red Tape Chronicles recently attempted to explain what goes into the secret formula that determines a borrower’s credit score, the secret formula that determines what consumers pay for loans, credit cards, and even car insurance.
Credit scores are important to every consumer’s financial well-being. For example, a consumer with a FICO score of 619 will [...]

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