Here’s a must-read about coming changes in credit scoring from personal finance expert Liz Pulliam Weston. Lenders will start using the new scoring system by late January.
The new FICO scoring system (the one most lenders use) will be more sensitive than ever to the gap between how much credit you have and how much you [...]
Entries Tagged as 'Credit score'
Credit Scoring Changes in 2009
December 31st, 2008 No Comments
Tags: Credit score · FICO · Liz Pulliam Weston
8 Things You Don’t Know About Your Credit Score
December 17th, 2008 8 Comments
Thanks to Saving to Invest for including this post in this week’s roundup of articles at Personal Finance Carnival #184.
As a follow-up to my post about checking your credit, here are eight things you might not know about what affects your credit rating:
1. Your credit score is always changing. The three credit bureaus get monthly [...]
Tags: Credit bureau · Credit card · Credit history · Credit score
Five Things to Know About Checking Your Credit Score
December 15th, 2008 2 Comments
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Credit card companies are raising minimum payments, lowering limits, and closing dormant accounts — all of which can affect how you look to lenders, landlords, and potential employers. So check your score now if you haven’t lately. Here are some things that might surprise you about credit scoring:
1. Anyone can develop an algorithm [...]
Tags: Credit score · FairIsaac · MyFico.com
