Are you aware that there is in fact a new improved credit score? Yes, that's right, a new kid on the credit scoring block. If actually used, this new credit scoring formula could actually end up helping those misrepresented by current credit scoring models.
A reader writes in looking for advice on whether or not becoming an authorized user on his parents' credit card will help his credit scores. John Ulzheimer, credit expert for Credit Sesame, answers.
Even though there's so much variety in the market for credit scores, most scores are drawn from the same basic elements. Want to take some of the mystery out of credit score calculations?
Unlike personal credit scores (FICO scores) that take years to build up, it typically only takes 3-6 months to build up your business credit score. It helps if you know who will be looking up your business scores because some parties (such as banks and credit unions) have access to more data than others.
Credit repair can be a very spammy business, so much so that the government has gone to great lengths to regulate the services as much as possible. Even though there are rules that credit repair services must abide by, it doesn't mean that all of them do.
Fair Issac Corp., the creator of the widely used FICO score, is switching up how it computes credit scores. The new score, known as FICO 9, will be rolled out to the three major credit bureaus this fall. But what does this mean for consumers?
If you are tempted by credit and can't be counted on to control your spending habits, then by all means, stick to cash. However, if you are able to use your credit card like cash and pay off your balance at the end of every month, credit cards can offer some great benefits.
People who can navigate the more complicated math problems of the money world end up saving hundreds, if not thousands, in fees, interest and taxes. So the big question is: Is being afraid of money costing you?
While listening to the radio the other day I happened to hear a talk on the law of attraction, a subject that interests me a great deal. It got me th...
Have a few blemishes on your credit report? You're not alone. According to a recent study from the Urban Institute, over one-third of Americans had debt in collections in 2013.
The aftermath of this change could be felt in the banking industry, the real estate market and it could even force interest rates higher. And that's just for starters.
You're probably expecting to shell out major bucks for tuition, room and board and a million other necessities over the next few years. But before you send your kid off, make sure you share one gift likely to steer him or her along the road to financial security -- a sound understanding of how credit works.
There's been numerous news headlines and talk in the personal finance realm recently about the new FICO scoring system and I've been getting lots of q...
If you are looking to buy a car, rent an apartment or take out a loan, you need to make sure that your credit score is at it's best. While it takes seven years for most derogatory items on your credit report to be removed, there are a few things you can do to raise your credit score sooner.
Your credit score impacts a lot in your life, from buying a car to buying a house and even, sometimes, to getting a job. (Believe it or not, some employers check your credit report.) You owe it to yourself to know exactly what your credit score is, and how you can go about making it better.
Deciphering your credit score can be difficult, especially if you don't know all the ways you can be hurting it. Your credit is not only attached to your credit card use, but with many everyday financial activities.