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 […]
The Credit Scores That Lenders Use Most
The Credit Scores That Lenders Use Most Credit for Beginners by David B. Coulter Share Share Email Not only does your credit score evolve (typically covering six-year periods) as your borrowing and payment history matures, it’s also determined by three potential sources that report varying numbers based on different types of credit scores. It’s […]
How to Check All Three of Your Credit Scores
How to Check All Three of Your Credit Scores Credit for Beginners by Staff Writer Share Share Email Why do you have three credit scores, and how do you check them? Whether you’re planning to apply for a loan, rent an apartment, or simply ensure your financial well-being, regularly monitoring your credit scores from Equifax, […]
How Can I Fix My Credit Scores?
How Can I Fix My Credit Scores? Credit Cards by John Ulzheimer Share Share Email I received the following question from a reader late last week and, frankly, couldn’t wait to write an article responding since it’s such a great question. “John, I am in the middle of refinancing my home loan and I’m in […]
Experian FICO Scores Available to Consumers Again. Should You Buy?
Experian FICO Scores Available to Consumers Again. Should You Buy? Credit Report by John Ulzheimer Share Share Email It’s official. myFICO.com, the consumer division of Fair Isaac, is now making available your Experian credit report and FICO score based on Experian data. FICO has quietly released the Experian/FICO report/score combo on their website, meaning the […]
Can A Balance Transfer Help my Credit Scores?
Can A Balance Transfer Help my Credit Scores? Credit Cards by John Ulzheimer Share Share Email First, what is a balance transfer? Credit card issuers want to increase their share of your wallet and will offer you low interest rates in exchange for you transferring the balance from another credit card to their credit card. […]
Do FICO or VantageScore Sell Scores to Lenders?
Do FICO or VantageScore Sell Scores to Lenders? Civil Penalty by John Ulzheimer Share Share Email FICO is the company that invented credit scores. VantageScore Solutions builds the VantageScore credit score, which is sold by all three credit bureaus (as are FICO’s scores) Since FICO invented them and VantageScore also builds them you might think […]
Why Didn’t My Credit Scores Go Up After I Paid My Tax Lien?
Why Didn’t My Credit Scores Go Up After I Paid My Tax Lien? Bankruptcy by John Ulzheimer Share Share Email I received the following question regarding the influence of paid tax liens on credit reports and scores. “John, I had a Federal tax lien in 2010. I paid it in 2012. I was under the […]
Will My Scores Go Up Considerably If I Pay Off My Debt?
Will My Scores Go Up Considerably If I Pay Off My Debt? Auto Loans by John Ulzheimer Share Share Email “John, I just sold my house and thankfully I got enough to cover both of my mortgages, a first and a HELOC. When my credit reports are updated to show zero balances on those loans […]
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 […]