My Free Credit Scores Are All Different. What Gives?

Credit Score

My Free Credit Scores Are All Different. What Gives?

My Free Credit Scores Are All Different. What Gives?

There are lots of places that offer free credit scores nowadays, but not every score is the same. Even when you pull your free credit scores, chances are the scores will be different. Why is that? Free credit scores can differ because of the scoring model used, the credit bureau supplying the data and how frequently... Read More

How Many Americans Have Great Credit?

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How Many Americans Have Great Credit?

How Many Americans Have Great Credit?

People with great credit are sometimes described as the credit elite, but it may not be as difficult to join that group as you might think. Roughly 20% of consumers with credit reports at at least one of the major credit reporting agencies fall into the top tier of credit scores — scores that are... Read More

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

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

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

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... Read More

FICO vs. VantageScore: The Credit Score Rivalry Heats Up

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FICO vs. VantageScore: The Credit Score Rivalry Heats Up

FICO vs. VantageScore: The Credit Score Rivalry Heats Up

VantageScore is making headway into the credit score market dominated by FICO, says the firm behind the upstart measure of credit-worthiness. Nearly one billion VantageScores were generated in 2014 — a 600% increase — says VantageScore Solutions LLC, a creation of the nation’s three credit bureaus. The number of banks using the scores increased by... Read More

No Credit Score? You Still May Have Decent Credit

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No Credit Score? You Still May Have Decent Credit

No Credit Score? You Still May Have Decent Credit

Tens of millions of Americans don’t have credit scores, meaning they have little or no access to things like credit cards, auto loans, personal loans and mortgages. People with poor credit are similarly limited, and there’s a good reason for that: Without a good credit history, you’ll have a hard time finding someone who will... Read More

Which Credit Score Should I Pay Attention to?

Credit Score

Which Credit Score Should I Pay Attention to?

Which Credit Score Should I Pay Attention to?

There is no one credit score. There are many. The one that matters the most is the credit score that a lender looks at when considering your loan or credit card application. So how do you make sense of all of the credit scores out there? Most lenders use FICO scores or VantageScores when evaluating... Read More

6 Recurring Expenses That Don’t Help Your Credit Score

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6 Recurring Expenses That Don’t Help Your Credit Score

6 Recurring Expenses That Don’t Help Your Credit Score

Isn’t it ironic how you can have an excellent payment history but poor credit? Your credit score is one of the most prized possessions in your financial profile, and a low score can be very detrimental to your financial well-being when you need to borrow money. It doesn’t help when you desperately want to improve your score, but are in... Read More

A Roadmap to Better Credit Scores

Credit Score

A Roadmap to Better Credit Scores

A Roadmap to Better Credit Scores

I’m often asked about the best ways to improve a consumer’s credit scores. Is it by paying bills on time or is it better to pay off credit card debt? Or, is it by avoiding any new, unnecessary credit?  The answer, of course, is that all of those factors are important to achieving and maintaining... Read More

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