Term: credit score
10 found

I Paid for a Landlord Credit Check. Don’t I Get to See It?

By Steven Shaw on 7/16/2015

I Paid for a Landlord Credit Check — Do I Have a Right to See the Report?

When you apply to rent a home or apartment, it’s not unusual for the owner or manager to require a credit check — and to charge a fee to recover the cost of purchasing it.

credit score
Credit Check
credit report
Rent
Rent Apartment

How Many FICO Scores Are There?

By Steven Shaw on 4/21/2015

How Many FICO Scores Are There?

There are hundreds of algorithms companies use to score consumers, and even the most common credit scoring company has dozens of models. Fair Isaac Corp., more commonly known as FICO, has about 50 scores (a 2012 report from the Consumer Financial Protection Bureau puts that number at 49).

credit score
FICO
FICO credit score
FICO Score

Do All Credit Checks Hurt My Credit?

By Steven Shaw on 3/20/2015

Do All Credit Checks Hurt My Credit?

If you check your credit scores regularly — and experts recommend you do — it can be a little scary to hear that credit inquiries can damage your credit. That’s a little like telling someone who is trying to improve their physical health that stepping up on the scale carries health risks. (And that’s not just because you might have a heart attack if you see that number.) There’s information that could be useful, but the consequences make you wonder if it’s worth it.

credit score
Credit Check
hard inquiries
soft inquiry

More People Are Getting Credit. Is That a Good Thing?

By Steven Shaw on 9/15/2014

More People Are Getting Credit. Is That a Good Thing?

Credit 101

More People Are Getting Credit. Is That a Good Thing?

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A new report from Equifax shows that credit in America has risen to a six-year high. I’m a proponent of maintaining healthy credit, and at first blush this report may seem a little shocking and worrisome. This is why I decided to dig into it a little deeper and share my thoughts with you. Yes, on the surface the fact that more Americans are getting more credit may seem like something to be concerned about, but it can also signal greater health and financial optimism among our nation’s consumers. Here’s why I say that.

 

credit score
credit
credit cards

Free Credit Scores: What’s the Catch?

By Steven Shaw on 5/12/2014

Free Credit Scores: What's the Catch? 

Consumers often check their credit scores for the first time when they’re about to apply for a loan or have been denied one. If you’re proactively checking your credit, it’s sometimes difficult to know where to start, because many websites and companies offer credit scores, some for purchase and others for free.

credit score
free credit score

Want Free FICO Scores? There’s a New Option

By Steven Shaw on 11/6/2013

Barclaycard Customers: You Get a Peek at Your FICO Scores Now

Barclaycard US and First Bankcard customers now have the option of seeing their FICO scores for free, FICO announced Monday. When lenders evaluate consumers’ credit applications, they most often use FICO scores, and through a new program called FICO Score Open Access, lenders can opt to give their customers free access to their credit scores.

credit score
credit scores
FICO
FICO Score Open Access

How Much Does Your Credit Score Cost You?

By Steven Shaw on 9/4/2013

credit score

You’ve heard that not having a great credit score can be costly, and you probably know intuitively that it’s true. But how much can it cost you? An extra $4,000 a year? That’s not an exaggeration.

Let’s take a look at some of the ways your credit score can directly impact your pocketbook. We’ll use purely hypothetical borrowers: Jerry has excellent credit, Elaine’s credit score is fair, while George’s is poor. But the examples of the money they may save (or pay) are very real.

credit score
Auto Insurance
auto loan
Credit Card
Interest Rate
Mortgage

Women Flexing their Financial Muscles

By Steven Shaw on 8/30/2013

The age-old battle of the sexes certainly holds its own stereotypes: men are action-oriented, women crave deep discussion; he tends to score higher on math tests, while she excels at language-based tasks. But when it comes to money and credit management should men still be the de-facto household CFO as in the past? Perhaps not, according to new research from Experian, which suggests that old stereotypes that applaud men as good money managers may no longer hold their weight.

Experian’s Great Credit Divide Gender Trends Study revealed female superiority in money management, with women leading men in credit health and debt management despite lower average salaries.

How do we stack up against one another? Read on to find out.

credit score
managing debt
Pay Off Debts
Credit Card Debt
Debt
Debt Utilization Ratio

Credit Scores Demystified

By Steve Ely on 4/5/2013

People are always asking me what makes up a great credit score.  I usually start with "it depends".  It truly depends on a lot of different factors, all working together to determine the ultimate outcome.  This is one of the best blogs I've seen that tells you what the all the moving parts mean in a traditional credit score (like a FICO score), and can really help you understand how your credit score can change over time.

credit score
credit scores
FICO

What Baseball Can Teach Us About Credit Scoring

By Steven Shaw on 4/2/2013

What Baseball Can Tell Us About Credit Scoring

Spring has sprung! And when I think baseball I think credit scores. Then again, after a 16-year career at FICO, there are few things that don’t make me think of credit scores.

So, before putting on our Panda hats and shelling out $9 for a beer (or are they $10 now at AT&T Park?), let’s take a minute to remind ourselves of the importance of building, rebuilding and maintaining our credit scores all season long. After all, you’d hate to have your next purchase of peanuts or Cracker Jacks denied due to a bad credit score.

baseball
credit score
credit report
managing debt