Credit Score is Key to Your Future
Although delinquencies stay on your credit report for seven years, you can start raising your credit score in as little as six months.
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How to figure out your credit score
One of the worst times to find out that your credit score is lower than you’d estimated is when you’re sitting across from a mortgage lender.
Fannie Mae program may help those with low credit scores
It’s definitely a home buyer’s market. Sellers want and need to sell their homes and they are ready to deal. But before you go out and strike that great deal on the house of your dreams, make certain you have your financing ready to go. Sellers will make better deals when they are certain you are pre-approved for financing.
Do you know your credit score?
Credit scoring applies a mathematical formula to the information in a consumer’s credit-bureau file to predict how likely the consumer is to fall behind on debt payments. The higher the credit score, the lower the presumed likelihood of default. Find out how your credit score is calculated.
Is your credit score safe under the new system?
One thing that definitely befuddles many consumers is the credit-scoring system. And things got a little more confusing when the three major credit bureaus — Equifax, TransUnion, and Experian — recently said they had joined to create their own branded credit-scoring model, which they hope will replace FICO, the one now widely used by lenders.
On-time payments boost your credit score
It is true that when you agree to pay less than the full balance on an old debt, it can affect your credit score negatively.
How to raise your credit score
What’s your credit score? You probably don’t know. And this is a case where what you don’t know could hurt you. Credit scores give banks, mortgage bankers, credit card companies and other lenders an instant snapshot of your trustworthiness when it comes to repaying debt.