Credit Corner

Credit Report Frequently Asked Questions FAQ

Credit Reports – Frequently Asked Questions

Your personal credit report contains details about your financial behavior and identification information. This user-friendly report is sometimes called a credit file or a credit history. Your credit report is made available to current and prospective creditors, employers and others as permitted by law, which may speed up your ability to get credit. Getting a […]

Holiday Black Friday Christmas Spending affect Your Credit Score

Holiday Spending vs. Your Credit Score

The leaves are falling as the winds begin to cool. Lights are hung along the streets while your favorite holiday songs play everywhere you go. You can’t help but get into the holiday spirit and spread cheer amongst your friends and family. We get it; it’s the best part of the season! But before you […]

Things that affect your credit scores

Surprising Things You Didn’t Know Affect Your Credit Score

1. Collections You may not realize that many of your day-to-day outstanding debts that occur are sent to collections. These third-party debt collectors typically report these outstanding accounts to the credit bureaus, which could show up on your credit report and affect your score. These day-to-day outstanding debts may include things like your utility bill, […]

FICO credit score range

Your FICO Score Range and Why It Matters

FICO scores are used in 90% of credit decisions to accurately understand your credit risk as a borrower. When you are obtaining financing, lenders use your FICO score, financial situation (income, job status) and type of credit requested to make better credit lending decisions, which ultimately determine your approval and rates. The factors that influence […]

How buying home affects credit score

What Buying a Home Does to Your Credit Score

If you’re on your way to purchasing your first home, you might be wondering, “Will this impact my overall credit score?” Well, as a matter of fact, there are multiple times your credit will be affected in the mortgage loan process. Luckily for you, these are only minor and short-term dings that might occur to […]

Learn Good Habits To Build Your Credit Score

4 Habits To Help You Build Credit

Your credit score is an important part of your financial identity and is an assessment of your past and present credit responsibility. As you move into different phases of your life, you will encounter times when your credit score may determine the circumstances of financial agreements.    Whether it’s a mortgage, car loan, rent or car insurance that […]

Lenders Evaluating Credit

How Do Lenders Evaluate Credit?

No matter when you’re ready to buy a home, your credit score will be a major factor in the lender’s decision to approve you for a mortgage.The mortgage process can seem pretty daunting, but the better it is understood, the smoother your home buying experience will be. Some of the things lenders typically look at when evaluating […]

What impacts your Credit Score

Open and Closed Credit Accounts and How They Impact Your Credit Score

Open and Closed Credit Accounts We wanted to share some important credit information that’s helpful at all times – not just when you are considering buying or refinancing a home. Some of the rules of thumb are obvious – others are not. For example, it makes sense that someone intent on improving their credit should […]

Your credit score and credit report

How to Obtain a Free Credit Report

Your Credit Report Your credit score has become more important than ever. Keeping track of your credit score is important, but be careful about how you do it. There are a lot of companies and services advertising free credit checks who are actually trying to lure you into unnecessary premium services that require monthly fees. […]

Your FICO Score – A Key Piece of the Puzzle

Did you know that FICO Credit Scores are used in making over ten billion credit decisions each year? If you’re thinking of buying or refinancing a home, you probably know that other elements also affect your ability to get approved for a loan, including income and employment history. However, most financial institutions use the Fair […]