Welcome the New FICO Score In the Market
Welcome the New FICO Score In the Market Credit Cards by John Ulzheimer Share Share Email In October 2011, CoreLogic announced a new credit report named the CoreLogic CoreScore™ and that FICO would develop a mortgage score using this data. In July 2012, FICO completed the development of the Mortgage score. CoreLogic provides information, analytics […]
How Accurate Are Credit Reports? Survey Says…
How Accurate Are Credit Reports? Survey Says… Credit Cards by John Ulzheimer Share Share Email There have been limited studies on the accuracy of credit reports. One,however, was conducted recently on the web by the American Consumer Credit Counseling (ACCC), a non-profit credit counseling agency. There were 150 respondents, which is not a statistically significant […]
What Credit Card Balance Will Show Up On My Credit Report?
What Credit Card Balance Will Show Up On My Credit Report? Credit Cards by John Ulzheimer Share Share Email Q: John, I was reading a couple of your articles and I have a question.I just opened a credit card with a pretty low credit limit, $2,000. I know I need low credit card utilization or […]
What is the Catch to a No Interest Credit Card?
What is the Catch to a No Interest Credit Card? Uncategorized by John Ulzheimer Share Share Email Credit card issuers are sending out more credit card offers and a common offer is for the a no-interest credit card. The no interest period time frame is usually between 6 months and one year. Just because the […]
If I am late on only one payment, will it hurt my credit?
If I am late on only one payment, will it hurt my credit? Civil Penalty by John Ulzheimer Share Share Email One isolated late payment can impact your credit, but it depends upon how late you were on the payment, which credit score is used and just how late you were. Some scores will give […]
What’s worse for my credit scores…missing a payment on a mortgage or on a credit card?
What’s worse for my credit scores…missing a payment on a mortgage or on a credit card? Auto Loans by John Ulzheimer Share Share Email I received the following question over the weekend and it’s a good one so I thought I’d write a little blog around the answer hoping to share the information with others […]
How Credit Scores Affect Auto Loan Applications
How Credit Scores Affect Auto Loan Applications Auto Loans by John Ulzheimer Share Share Email Approximately 80% of those surveyed in a study conducted by VantageScore Solutions and the Consumer Federation of America underestimated the impact a low score has on an auto loan.That way too high considering how obvious it should be that credit […]
Why Doesn’t My Credit Card Ever Show a Zero Balance On My Credit Reports?
Why Doesn’t My Credit Card Ever Show a Zero Balance On My Credit Reports? Credit Cards by John Ulzheimer Share Share Email This is one of the most frequently asked questions and one of the most misunderstood aspects of credit reports and credit card bills. To understand why your credit card balance never shows as […]
A Budget for Two, Please!
A Budget for Two, Please! by David B. Coulter Share Share Email Can We Have It All? Are you longing for a dream vacation? Or you wish you could afford to update your kitchen? It is a life-long dilemma: you want to experience and acquire many things but you also need to make ends meet […]
What Happens When I Refinance My Mortgage Loan?
What Happens When I Refinance My Mortgage Loan? Credit Cards by John Ulzheimer Share Share Email Think about what’s involved in refinancing your mortgage? It is just about the same as when you applied for the original mortgage. You still have to be able to qualify based on your current financial situation and most lenders […]