FICO scores are critical to your ability to get a new credit card, car loan, or home, so let’s take a quick look at what impacts these scores. What Goes into My FICO Score? There are multiple things that go into your FICO score, including: New Credit – 10% Amount Owed – 30% Length of […]
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No one enjoys being in debt, but there’s no denying that credit can work in your favor when you use it for good and use it responsibly. Irresponsible credit use can lead to a bad credit score, rejection from home purchases, and so much more, but responsible credit can lead to a good credit score, […]
Our clients often ask us, “What is a FICO score?” A FICO score is another term for a credit score. Fair Isaac Company, or FICO, is the organization that calculates people’s creditworthiness. It does this by taking the data given by the three major credit agencies in the U.S., (Equifax, Experian, and TransUnion) and doing […]
Knowing what is on your credit report can be important for several reasons. In today’s society you always need to be on the lookout for identity theft. Of course you have seen the commercials and laughed thinking it could never happen to you, but the fact is that identity theft affects thousands of people every […]
It is important to be able to take charge of your credit. I want to go over a few ideas on how to do that. Remember that having good credit means that you are able to take advantage of good opportunities. I want to give you some ideas on how to take advantage of these […]
Each day, companies rely on the information in your credit report to help them decide whether to trust you with their money. With this information they decide what interest rate to give you and also what the loan terms will be. Because the bureaus keep track of your credit information, your credit report has become […]