FICO scores, maintained by the Fair Isaac Credit Organization, are calculated from a number of different pieces of credit data that is found within your three credit reports. There are five different categories of data that this information can be grouped into. There are specific percentages that reflect how important each individual category is when [...]

• Home-Based Businesses Businesses for Sale Opportunities
• Postal History Worldwide Stamps
• Military Payment Paper Money US Coins Paper Money
• Credit, Charge Cards Trading Cards Collectibles

• Things to Have Removed from your Credit Report If you want to repair your credit quickly, there are a number of things that you can do to fix up your credit report. In general, there are some things on your credit report that really drag your credit score down. This is a look at the seven worst possible......
• The Dos and Donts of Credit Scores Pt 2 In an earlier post we talked about the Do's for good credit, so now it's time to consider the Don'ts! A credit score is a really important indicator on how likely you will be to default on a credit card or a loan. Your credit score is determined by a......
• Why is it Bad to Cancel a Credit Card? Unless the idea of streamlined credit you have in your head is having 8 credit cards in a single wallet, then chances are good that you have considered canceling some of the cards you do not use much. The truth about canceling credit cards: Do unused credit cards hamper you......
• How to Go Into Debt to Get Out of Debt This really sounds like the ultimate oxymoron, but one of the best ways to get out of debt is to go a little bit further in. What’s that? First, to help this make more sense, let’s clarify – if you need to get out of bad debt, going into good......
• What is the Best Credit Score? The calculations that are used to arrive at your credit score are actually based on a lot of different statistical data, and they are based on objective evaluations. You receive points based on a number of different unique credit factors. Then, creditors are going to take all of this information......

Continue reading → Understanding your FICO Score pt 1

… Continued from part 1: There are five different categories of data that this information can be grouped into. There are specific percentages that reflect how important each individual category is when it comes to determining your overall FICO score.
New Credit Accounts
This category also includes the number of credit inquiries that have been recent. This [...]

• Postal History Worldwide Stamps
• Credit, Charge Cards Trading Cards Collectibles

• Improving a Credit Score What can I do if I am denied credit? If you apply for credit and you are denied because you have a low credit score, then you should be aware that you have the legal right to know exactly why they denied you. Reasons for denial may include having too......
• The Dos and Donts of Credit Scores Pt 2 In an earlier post we talked about the Do's for good credit, so now it's time to consider the Don'ts! A credit score is a really important indicator on how likely you will be to default on a credit card or a loan. Your credit score is determined by a......
• Why is it Bad to Cancel a Credit Card? Unless the idea of streamlined credit you have in your head is having 8 credit cards in a single wallet, then chances are good that you have considered canceling some of the cards you do not use much. The truth about canceling credit cards: Do unused credit cards hamper you......
• What Determines a Credit Score pt 2 Continued from part 1. Here is some basic information on what you need to know about credit scores and what goes into determining your credit score. Here is a word of caution for you to consider: If you pay off all of your collection accounts, especially those that are older,......
• How to Improve your FICO Score It is important for you to understand that trying to raise your FICO score is quite similar in nature to losing weight. There is no quick fix and it is absolutely going to take time. Quick fix efforts for improving your credit score can most certainly back fire if you......

Continue reading → Understanding your FICO Score pt 2