So, what is a good FICO score? FICO stands for Fair Isaac and Company. Fair Isaac and company invented a scoring system that could statistically tell how a series of loans would perform and then assigned a scoring system for banks to follow.
Posts Tagged ‘Credit Care’
What is a Good FICO Score ?
Saturday, June 7th, 2008
Fast Credit Report Repair – 3 Simple Tips to Get Started
Saturday, June 7th, 2008
Credit scores are the determining factor on how good the deal is for most of the major purchases we make in life. Managing your credit wisely can save thousands of dollars over one’s lifetime and even contribute to a comfortable retirement.
Think about this, improving your credit scores by 50 points can save around $33,000 over the life of the average mortgage. If you also consider the likelihood that you will also pay higher rates on car loans, and credit were talking about a huge sum of money. What if you were able to put all of that money into a retirement account, wow!
Fast Credit Report Repair
Thursday, April 3rd, 2008
Credit scores are the determining factor on how good the deal is for most of the major purchases we make in life. Managing your credit wisely can save thousands of dollars over one’s lifetime and even contribute to a comfortable retirement.
Think about this, improving your credit scores by 50 points can save around $33,000 over the life of the average mortgage. If you also consider the likelihood that you will also pay higher rates on car loans, and credit were talking about a huge sum of money. What if you were able to put all of that money into a retirement account, wow!
Can Credit Cards Help you Establish Credit After Bankruptcy?
Tuesday, March 18th, 2008
The short and simple answer is yes and no. The detailed answer is that it depends on how you use the credit card and which credit card you choose to use. If your credit card is over two years old this article may not apply to you. Most credit card companies will issue fair credit – credit cards to people outside of bankruptcy for more than two years. You may want to avoid applying to the same companies you included in your bankruptcy though.
Home Mortgages for People with Bad Credit
Saturday, March 15th, 2008
Consumers interested in purchasing or refinancing a home will pay an interest rate based on current market conditions and their ability to pay back the loan. The borrower’s income and debt ratios are taken into consideration by the lender, as well as the predictability factor provided by credit scoring. It’s important to have a mortgage professional in your corner that has a keen eye for solutions to improving credit scores in an effort to get the best interest rate possible. (more…)
