What is a Charge Off?
FAQ – What is a Charge Off? A charge-off is an accounting term used for when a creditor writes off or charges-off a debt that they are unable to collect on. Creditors typically charge-off a debt if there is no …
Tag: FiCo Credit Scores
How to Get Truly Free Credit Reports For Life
How to Get a Free Copy of My Credit Report Fair and Accurate Credit Transactions Act (FACTA ) was a law passed by the US Congress in 2004. This act allows consumers to request and obtain a free credit report …
Can a Home Equity Line of Credit (HELOC) impact my credit score
Q&A: Impact on Credit Scores? QUESTION: Can a Home Equity Line of Credit (HELOC) impact my credit score? ANSWER: Credit expert Linda Ferrari (author of “THE BIG SCORE: Getting It and Keeping It, Buying Power for Life”) explains that HELOCs are …
Can a Home Equity Line of Credit (HELOC) impact my credit score Read more »
Rent payments now appear on Experian credit reports
Even if you use traditional credit very little, now you can build a good history by having your rent payments reported to the credit bureau.
What is a FiCO score?
The most widely used credit scores are FICO scores, which were developed by Fair Isaac & Company, Inc. (and they’re named after their inventor!)
Practical Tips for Improving Your FICO Scores
many people don’t know is that recently the credit bureau changed how they handle credit inquiries and so now when you shop for a mortgage, even if multiple lenders review your credit they will all see the same scores and information so long as the last credit inquiry is within 14 days of the first.