How Your Credit Score is Calculated

How Your Credit Score is Calculated

How your Credit Score is calculated is a great mystery for many, but here we break it down and answer, “What does all this mean?” 1 – Payment history (35%) – This is how often you pay on time. Pay a bill late. This is dropping your score...
Does your Credit Score need a tune-up?

Does your Credit Score need a tune-up?

Check credit!  Check your credit to check your credit score. Credit score not where you would like it to be? We advise using Credit Check Total or Identity IQ to check credit. You can easily and quickly access your credit information using the FICO (not vanguard)...
FICO Scoring Differences

FICO Scoring Differences

Why are there so many FICO score differences? Question: There is much confusion over FICO scoring differences. Why does my credit card send me a FICO score of 640, but CreditKarma shows a 580, and the auto dealership said I was a 720? Why do websites I pull my credit...
FICO Scorecards

FICO Scorecards

Your FICO Credit Score and FICO Scorecards Most everyone knows what a FICO credit score is; however, the different scorecards used are less known.  This complicates things, but it is good knowledge to have. We know there are over 50 different FICO credit scoring...
Debt Collections and What To Do

Debt Collections and What To Do

Debt collections hurt your score.  It does not matter if it is a medical collection, credit card, automobile repossession. All debt collections hurt your score. A mortgage loan officer can grant some leeway to a medical collection, but only when your credit score...