Credit

Credit

Credit Report EHM

Credit Report Got You Down? Big Changes May Bring a Boost This Summer.

Some big changes are on the way when it comes to your credit report– and they may just work in your favor! The three major credit bureaus – Experian, Equifax, and TransUnion – have come to an agreement with 31 state attorney generals to change the way they look at collections and how they affect […]

Couple Credit Score FICO Vantage

What’s the Difference Between FICO and VantageScore?

When you fill out a loan application, the lender will pull your credit to determine whether they should lend you money or not depending on your credit score. The score you receive will most likely come from FICO or their competitor VantageScore. So are these two credit scores the same? Not exactly. FICO The majority […]

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 Affect Credit Score

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 […]

Home Buying 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?” The mortgage process will definitely affect your credit score. But luckily for you, these are only minor and short-term dings to your score! How does this affect my score? At first, your score may […]

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

How Closing a Credit Account Impacts Your Score

When it comes to your credit score, some rules are obvious – others are not. For example, it makes sense that someone wanting to improve their credit should not apply to several accounts at once – or even at all. It may even be tempting to close some! However, closing a credit account, even one with […]

Free Credit Report

How to Get Your 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. […]