Why Your Credit Score Is Different Than The Score Your Lender Sees
FICO isn’t the only credit score model. It’s simply the one lenders use when deciding whether to offer you credit. It’s also not the one people usually receive when they ask for a copy of their own credit report. You get the same raw data, but you don’t get to see the same number that…
Why Your Creditors LOVE Bad Credit
Creditors in the credit equation are known as Data Furnishers. They are the agencies who offer financing to consumers, then report the pay histories back to the credit reporting agencies or the credit bureaus. Some other personal information is also given by creditors, including consumers’ names, date of birth, social security number, address, prior addresses,…
How to Remove Credit Inquiries
If credit inquiries are a source of frustration to you, then you’re in the right place. The section on your credit report called “Credit Inquiries” lists the creditors and companies that have pulled your credit report in the last 2 years. There are two types of inquires: Hard and Soft. A soft inquiry is the…
Why The Credit Bureaus LOVE Bad Credit
Your credit profile is made up of data collected by creditors, then reported to the credit bureaus. The bureaus then make a profit by selling this data in reports, leads, and other methods to creditors for the purpose of issuing new credit or soliciting you for credit. For example, when a creditor, such as CHASE,…
Boost Your Credit Score Without Credit Repair
You’re about to learn a little known, highly effective, and thoroughly proven strategy I have used to help literally thousands of my credit repair clients to dramatically boost their credit scores almost overnight. I have personally helped thousands of hard working Americans just like you get the credit scores they deserve and get back on…
What’s in a Credit Score?
There are many types of credit scores, but lenders only care about your FICO score, so let’s examine how FICO scores are determined. There are 5 factors that go into your FICO score. 1. Past Delinquencies – makes up 35% of score Timing of the delinquency – more recent lates affect scores more Level of…
