Total Bankruptcy         Orchard Bank Mastercard         creditreport.com

Creditinfocenter Blog header image 4

Entries Tagged as 'FICO score'

Top 10 Cities to Buy a New Home

April 19th, 2010 · No Comments · Mortgages

At a time when U.S. mortgage rates are low, but banks are still hesitant to lend, living in one of these 10 cities means you’re ahead of the curve.

[Read more →]

Tags: ·····

How Much Credit is Too Much?

November 5th, 2009 · No Comments · Credit Cards, Credit Reports, Mortgages

When starting your credit history from scratch, rebuilding from a bad financial period in your life, or if you have long established credit history, I get this question all the time, “How much credit is too much”? Or “How many credit cards should I have to have the best credit?” This is often a difficult question to answer, due to the black box nature of Fair Isaac’s FICO credit scoring model.

[Read more →]

Tags: ···········

How Do Short Sales, Loan Modifications and Foreclosures Impact Your Credit Score?

September 10th, 2009 · 7 Comments · Credit Bureaus and Scores, Mortgages, Real Estate

I attended a class at my real estate brokerage last week dealing with short sales and other types of “distressed” properties. With the market (at least in the Phoenix area) now comprised of over half short sales and/or bank-owned properties, it is imperative for real estate professionals to be well trained and knowledgeable in order [...]

[Read more →]

Tags: ········

Experian Cutting off Consumer Access to FICO Scores

February 6th, 2009 · 5 Comments · Credit Bureaus and Scores, Credit Reports

Yesterday, I was surprised by an announcement from Experian, who announced that after February 14, 2009, it will no longer offer the FICO score based on its credit database.  I consider this a move to force lenders and consumers to abandon the FICO credit score model developed by Fair Isaac and use instead the its [...]

[Read more →]

Tags: ······