Regardless of what might be your actual credit score, the facts about it remain the same. It will always be the basis of credit companies. It will also range from 300-850 (FICO or Fair Isaac Scoring Method) and 501-990 (The Vantage Scoring Method). The score will also be based on a 24-month review, although sometimes [...]
FICO is an acronym for The Fair Isaac Company. It is actually a company who is responsible for the creation of the formula used in calculating a consumers FICO score. A FICO score, on the other hand, serves a basis to credit companies whether to grant or not to grant a loan to an aspiring [...]
Are you wondering about the sudden change in your loan\’s interests? Ponder no more for this may have been caused by a poor credit score. A score ranging from 300-500 will not just mean loan denials but soaring high loan interests for you as well. This is a commonly experienced by more than a lot [...]
What does your credit report contain? It is actually a summary of your consumer statement (this may be an explanation about your late payments or a fraud alert; It also contains basic information with regards to a consumer (given name, address, date of birth and employer if there are any). The history of the account [...]
FICO (Fair Isaac Company) and Vantage credit scoring method primarily differs with the way it is used and calculated by the 3 major credit bureaus (Equifax, Experian and TransUnion). Although both are a major factor in the issuance of credit reports, both scores are used by credit companies in determining whether to grant or not [...]
It is not a surprise during these hard times we are currently in that more than a few Americans are facing the facing the consequences of bad credit scores. A lot of consumers are experiencing loan denials which make the situation even worse. The sad thing is, although everybody is protected by the FCRA (The [...]
Identity theft can happen to you anytime and anywhere. At this age of internet technology, you can already avail services that are available online. What can you do as an identity theft protection against either online or old-school identity thieves? These days many of us do most of our shopping and banking in the Web [...]
There were almost nine million Americans victimized by identity theft yearly. This crime happens when someone uses your personal information like your credit card data or Social Security Number to commit deception. Your credit card can be use by the thief to shop or even open accounts or take loans in your name. As a [...]
What is identity theft? For starters, identity theft is a crime. And currently it is the fastest growing crime. In the United States alone, everyday an average of 27,000 people and their identity are being pilfered. For every second an identity is stolen. For every three seconds an identity of a person is being exposed [...]
A credit report advice is the best way to keep track of your debt and not forget to pay it. And when you remember to pay your debts, it will help you pay for it without losing all of your money or as people cal it, getting bankrupt. The most essential parts of a credit [...]