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New FICO Credit Scoring Model May Lead to an Increase in Scores for Some Consumers

The company behind the FICO scoring model used by many lenders has announced changes to its scoring formula. FICO reports that past due medical bills which have been sent to collections will have less of an impact than in their previous models. 191 more words

Credit

Will Your Credit Score Get A Boost?

The creator of one of the most widely used and influential credit scores, FICO, said that the latest version of its score would no longer weigh medical debts — which account for about half of all unpaid collections on consumers’ credit reports — as heavily as it did in previous iterations. 239 more words

Home Ownership

New Law Brings Good News To Your Credit Scores (Audio)

Mellody Hobson is President of Ariel Investments, a Chicago-based money management firm and she has some great new for those of you that have old medical bill weighting down your credit. 46 more words

Finance

HOW TO GET CREDIT REPORTING AGENCIES TO REMOVE BAD CREDIT!

According to the National Consumer Law Center, the credit reporting agencies rarely have a human being read credit report disputes. Most disputes are scanned by computers and the responses are generated by a computer. 242 more words

Credit History

How to Build Credit with Secured Credit Cards

Secured credit cards can build your credit


Building your credit has become more important over the past few years as creditors have made it more difficult to obtain credit. 329 more words

Credit

How To Raise Your Credit Score 100 Points

Credit Tips to Raise Your Credit Score:


While everyone understands the importance of good credit, there is no single strategy to improving it quickly. If you want to raise your credit score by more than 100 points, first you have to understand what is causing your credit scores to be lower. 17 more words

Credit

Find Your Credit Score

As young adults, people are not focused on their credit scores as much as adults are. Understanding the meaning of credit score is essential because without knowing what it means to obtain a score would be pointless. 487 more words