FICO vs. VantageScore: A Look at the Different Types of Credit Scores
FICO vs. VantageScore: A Look at the Different Types of Credit Scores Credit Monitoring by David B. Coulter Share Share Email The US lives by two credit scoring models — FICO and VantageScore. The latter was created in 2006 by Experian, Equifax, and TransUnion, the three major credit reporting bureaus. FICO, created by the analytics […]
What is a Mortgage Credit Report? How is it Different Than a Regular Credit Report?
What is a Mortgage Credit Report? How is it Different Than a Regular Credit Report? Credit Report by John Ulzheimer Share Share Email When you apply for a mortgage the lender or broker does not pull a normal credit report, like what would be pulled by an auto lender or credit card issuer. Instead they […]
We have 49 different FICO scores and no, I’m not kidding
We have 49 different FICO scores and no, I’m not kidding Credit Cards by John Ulzheimer Share Share Email We all know that we have a FICO score, and most of us think we have just three, one per credit bureau. Would it surprise you, however, to learn that you actually have 49 different FICO […]
What Credit Scores are Needed for Different Types of Loans
What Credit Scores are Needed for Different Types of Loans Credit Report by David B. Coulter Share Share Email Credit scores and reports can be complicated subjects to understand. After all, it is not something that we are taught in school, nor is it something that there is a great deal of public information on. […]
Why Are My Scores Different Across Credit Reporting Agencies? Shouldn’t They Be The Same?
Why Are My Scores Different Across Credit Reporting Agencies? Shouldn’t They Be The Same? Credit Monitoring by John Ulzheimer Share Share Email Circa 1997, the question posed in this article’s title was one of the questions I was asked during my interview at FICO. Thankfully I answered correctly! Credit scores are built using credit data […]
How Different Types of Bank Accounts Affects Your Credit Score
How Different Types of Bank Accounts Affects Your Credit Score Credit for Beginners by David B. Coulter Share Share Email Most people know that opening a new credit card account or applying for a mortgage affects their credit score. But did you know that, while it’s rare and situational, opening and closing other accounts — […]
Why are my credit reports different?
Why are my credit reports different? Credit Monitoring by John Ulzheimer Share Share Email The three credit reporting agencies, Equifax, Experian and TransUnion, compile information from many different sources such as lenders, collection agencies and court records. The lenders come from many industries such as credit card, banking, credit unions, oil, retail, mortgage lenders, student […]
Why Are My Credit Scores Different On Each Credit Report?
Why Are My Credit Scores Different On Each Credit Report? Credit Cards by John Ulzheimer Share Share Email Circa 1997, that was one of my interview questions when I was interviewing for my job at FICO. Whew, it’s a good thing I answered correctly or I might be writing about something other than credit. This […]
Why is My Spouse’s Credit Score Different From Mine?
Why is My Spouse’s Credit Score Different From Mine? Credit Cards by John Ulzheimer Share Share Email It’s one of the most common credit reporting and scoring myths…the one that suggests spouses have joint credit reports and share a credit score. This is, of course, untrue. Unless both you and your spouse’s names are listed […]