CFPB to Publish Findings of Credit Score Study By End of September
CFPB to Publish Findings of Credit Score Study By End of September Credit Monitoring by John Ulzheimer Share Share Email The Consumer Financial Protection Bureau (hereafter “CFPB”) will be publishing the results of a study on credit scores some time in September 2012. The CFPB performed a smaller study earlier in 2012 and concluded that […]
Why Is My Credit Score Low?
Why Is My Credit Score Low? Credit for Beginners by David B. Coulter Share Share Email Disappointment aside, it is better to ask why your credit score is low than to not know your credit score at all. Surprisingly, 54% of Generation Z don’t even know their score. Yes, a low score can affect your […]
How Often Is Your Credit Score Updated?
How Often Is Your Credit Score Updated? Credit Monitoring by David B. Coulter Share Share Email For those working on improving their credit, seeing changes is important. But, how often is a credit score updated and when should you expect to actually see that number budge? As a general rule, expect to see changes within […]
Can My Age Lower My Credit Score?
Can My Age Lower My Credit Score? Credit Cards by John Ulzheimer Share Share Email Some of the key components of the credit score are based upon on length of credit, how currently you pay your bills, how much of your credit card credit limits you use, inquiries, and other minor measurements. Age is not […]
Would You Buy a Credit Score if The Website Said This…
Would You Buy a Credit Score if The Website Said This… Credit Cards by John Ulzheimer Share Share Email If you don’t live in Utah you probably have never heard of Representative Paul Ray. And, you’ve probably never heard of H.B. 158, more commonly referred to as the Consumer Credit Protection Amendments. The bill, if […]
How Your Credit Score Can Affect Employment Opportunities
How Your Credit Score Can Affect Employment Opportunities Credit Score by David B. Coulter Share Share Email It’s common knowledge that your credit score is a determining factor in securing a loan or mortgage, but did you know that a bad credit score can make your job hunt more difficult? When an employer does a […]
Why is the FICO score used by auto lenders different than other FICO scores?
Why is the FICO score used by auto lenders different than other FICO scores? Auto Loans by John Ulzheimer Share Share Email There are many different versions of the FICO credit score. Each of the three U.S. credit bureaus – Equifax, Experian and TransUnion – has many different generations and “flavors” of the FICO score, […]
What are “Score Factors”
What are “Score Factors” Credit Report by John Ulzheimer Share Share Email Score factors, which are also known as “reason codes”, describe the reasons your score was not higher. Since credit scores’ “secret sauces” are not divulged by the developer, score factors help to explain the score. That way the company can explain it enough […]
What Is an Excellent Credit Score and How Do You Get One?
What Is an Excellent Credit Score and How Do You Get One? Credit Cards by Maria Shahid Share Share Email Having a good credit score is crucial if you ever hope to be approved for credit cards or loans without sky-high APRs. Ranging from 300–850, the three-digit number proves to lenders and credit card companies […]
How Healthy is Your Credit Score?
How Healthy is Your Credit Score? Credit Report by Maria Shahid Share Share Email Your credit score is one of the most critical numbers in your financial life. Whether you’re applying for a new credit card, personal loan, or a mortgage, it is vital to know your credit score so that you have the proper […]