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 […]
What is a Good Credit Score?
What is a Good Credit Score? Credit for Beginners by David B. Coulter Share Share Email A good credit score is a credit score of 700 or higher. Your credit score is one of the most crucial elements affecting your economic potential. Whether you’re just starting your financial journey, looking to apply for a loan, […]
Buzz kill…Here’s Why Your Credit Score is Meaningless to Lenders
Buzz kill…Here’s Why Your Credit Score is Meaningless to Lenders Auto Loans by John Ulzheimer Share Share Email 700, 680, 545…we’re all focused on our credit scores and with good reason. Credit scores can determine whether or not we can get credit to buy a home, a car, an education. Credit scores can determine what […]
What Is An Auto Credit Score?
What Is An Auto Credit Score? Auto Loans by David B. Coulter Share Share Email Most people don’t know their credit score has no impact on qualifying for a car loan. Instead, it’s what’s known as an Auto Industry Option Score, which we call an Auto Score on SmartCredit.com. The Auto Score is usually calculated […]
Why Can’t I Get My Credit Score?
Why Can’t I Get My Credit Score? Credit Cards by John Ulzheimer Share Share Email Credit scores are derived from data on your credit report…and that’s it. They are based upon mathematical formulas that predict future credit behavior using both current and historical credit information. But, we’re not all so fortunate to have a credit […]
Climb Credit Score Ladder: FICO Score
Climb Credit Score Ladder: FICO Score Credit for Beginners by David B. Coulter Share Share Email What is FICO Score? A FICO score is a specific type of score that lenders use to make borrowing decisions. A credit score is a three-digit score that is used to measure how well you manage credit and debt. […]
How Can I Get A Great FICO Score?
How Can I Get A Great FICO Score? Credit Cards by John Ulzheimer Share Share Email FICO, the inventor of the credit score, conducted analysis on those with high credit scores (from 785 to 850), which are called the “high achievers”. FICO® scores range from 300 to 850, with the higher the score the lower […]
What is a Fair Credit Score Range?
What is a Fair Credit Score Range? Credit for Beginners by David B. Coulter Share Share Email What is a Credit Score? A credit score is a number between 300 and 850 that shows how reliable you are at paying back money you’ve borrowed, which is based on your credit history. Credit scores act as […]
Ever Wonder How To Get an 850 Credit Score? 5 Tips To Help Get You There
Ever Wonder How To Get an 850 Credit Score? 5 Tips To Help Get You There Credit Report by David B. Coulter Share Share Email You know what? You’re doing great. Your hard work and diligence have paid off in the form of a credit score you can really be proud of, but you know […]
How Often Does My Credit Score Change?
How Often Does My Credit Score Change? Auto Loans by John Ulzheimer Share Share Email The frequency with which your credit score changes is a product of the frequency of the changes in your credit report. Because your credit score is based upon the information in your credit report, updates to your credit report can […]