Ok, that might be a bit extreme, but according to a recent article in businessweek, the lifestyle choices a consumer makes as far as spending habits may even affect their credit score.
It’s fairly common knowledge that some major factors that influence credit scores involve occupation, payment histories, public records, ratio of balance to available credit […]

Popularity: 17% [?]

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It’s kinda like paying for a movie and being forced to sit through commercials before seeing it. I recently reviewed a client’s purchased tri-merged credit report and noticed something I’d never seen before: there were one to two ads per page on the report. The credit report service will remain nameless. […]

Popularity: 51% [?]

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Just received this email today from MyFico.com concerning the huge drop in consumer scores over the Sallie Mae glitch. Generous of them to extend this offer for so long…
Dear Valued Customer,
You may have received a recent Score Watch alert noting a large drop to your FICO® score due to a balance increase on your Sallie […]

Popularity: 52% [?]

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Frequently, when doing credit counseling, I look at a credit report which is full of pot holes: collections, late pays, charge-offs and the initial focus of the client is on removing inquires.
Sure, the removal of inquiries is pretty easy. But it will have a pretty small effect on the client’s score. […]

Popularity: 20% [?]

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Since foreclosure rates are going through the roof, I am getting this question a lot lately. If you are faced with this situation, you’ll probably want to know how big a hit your credit is going to take.
My typical answer to all things score related is “if I knew the answer, I’d […]

Popularity: 12% [?]

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