Term: FICO Score
16 found

Is a FICO Score the Best Credit Score?

By Steven Shaw on 1/15/2016

FICO_credit_score

FICO scores are credit scores, but not all credit scores are FICO scores. Sounds like one of those confusing logic puzzles, right? But it’s a basic must-know when it comes to understanding credit scores.

credit score
FICO Score

How Long Does It Really Take to Improve Your Credit?

By Steven Shaw on 9/8/2015

credit score

I was recently looking through last year’s check registers for confirmation of a payment I had made when I noticed my handwriting on several pages looked odd. It took me a moment to realize why: at the time, my right hand was in a cast and I had been writing with my left.

credit score
FICO Score
improve credit score
improve your credit
VantageScore 3.0

Millions With Credit Problems Can Now Get Free Credit Scores

By Steven Shaw on 4/23/2015

Millions of People With Credit Problems Will Now Have Access to Free Credit Scores

Millions of Americans working with nonprofit credit counselors will have free access to their FICO credit scores as part of a new agreement between FICO and the three major credit reporting agencies, Equifax, Experian and TransUnion. The Consumer Financial Protection Bureau announced the agreement in an April 21 blog post, saying that this change will allow counselors and their clients have more informative, productive conversations about how to improve clients’ credit standings.

credit reports
credit score
credit scores
FICO credit score
FICO Score
free credit score
managing debt

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

The One Graph That Explains Why a Good FICO Score Matters for Homebuyers

By Steven Shaw on 4/17/2015

The One Graph That Explains Why a Good FICO Score Matters for Homebuyers

When it comes to buying a home, there’s a lot more to the process than just finding an affordable home for sale and having enough money for a down payment. Most people need loans to finance such a large purchase, but even as the housing market has rebounded from the foreclosure crisis and low property values of 2010, mortgages remain very difficult to acquire. A report from the Urban Institute, a Washington-based economic-policy research group, concludes that 1.25 million more mortgages could have been made in 2013 on the basis of conservative lending standards practiced in 2001, years before the housing bubble began to inflate.

credit score
FICO Score
Home Loan
home loans
Mortgage

New FICO Score Factors in Utilities & How Often You Move

By Steven Shaw on 4/8/2015

New FICO Score Factors in Utilities & How Often You Move

FICO, creator of some of the most widely used credit scores in the U.S., will reportedly announce a new scoring formula designed to help high-risk consumers access credit, the Wall Street Journal reported Wednesday. The model will incorporate consumers’ payment history on things like utility, cellphone and cable bills, in addition to how often a consumer changes addresses.

alternative credit
alternative data
FICO
FICO credit score
FICO Score
Utility Bills

The Most Important Dates on Your Credit Report

By Steven Shaw on 3/23/2015

How Much Do Dates On My Credit Reports Matter?

If you’ve reviewed your credit reports recently you’ve no doubt seen many dates — many, many dates. Some are more important than others. And some are absolutely critical. A Credit.com reader asks:

What’s the difference between Date Opened, Date Reported, Date of Last Payment, etc.?

credit report
credit report
FICO Score

Want to See the FICO Scores Lenders See? Now You Can

By Steven Shaw on 2/4/2015

FICO scores

Consumers who want to know everything they can about their credit scores seem to be getting more options by the day.

Last month, the White House announced that more than half of American adults would soon have access to free credit scores through their credit card issuers. Soon after, Citi began sharing scores with its cardholders. Last week, upstart VantageScore announced it was making in-roads with lenders and is about to serve its 1 billionth score. This week comes word from FICO, the folks who supply the most commonly-used credit score, that it will for the first time make 18 different versions of its FICO score available to consumers — for a fee.

credit score
FICO Score
VantageScore

The Simple Chart That Can Explain Why Your Credit Score Dropped

By Steven Shaw on 1/13/2015

FICO Chart

Being late on one bill can’t hurt your credit score that much, right? Wrong! Not only can a single, small late payment slice 100 points off your credit score, it can take three years to recover from the damage.

credit score
credit scores
FICO credit score
FICO Score

Help! My Credit Score Disappeared

By Steven Shaw on 11/5/2014

Help! My Credit Score Disappeared

 Have you lived overseas for a few years? Gotten married and gotten by on your spouse’s credit accounts? Have you cut up your credit cards and just paid with cash or your debit card for a good number of years?

If this is you, your credit record may have gone “poof!” and your credit score may have disappeared. Here’s how.

credit score
FICO
FICO credit score
FICO Score
VantageScore
VantageScore 3.0
VantageScore credit score