How are FICO scores calculated?

FICO scores are your credit scores. They vary from person to person and can increase or decrease weekly, depending on a variety of different factors. Here is a brief outline of how your credit score is calculated. Factors of Your Credit Score There are five main sections that all calculated together to give you a […]

Understanding how a credit score is calculated

Your credit score is incredibly important to your future. Indeed, your overall score is can influence your ability to get a loan, buy a home, obtain affordable interest rates, and more. However, for far too many people, the composition of their credit score is unknown. This is a problem, and understanding how your credit score […]

Things that may be hurting your credit score

Your credit score is vitally important to your future financial success. Indeed, those three little numbers can ultimately determine whether or not you are able to get a mortgage, buy a new car, and what sort of interest rates will be available to you. However, many things can hurt your credit score. Some are obvious […]

How identity theft affects your credit scores

According to a research carried out earlier this year (2020) by javelin, identity theft is still a major threat to business. The research and advisory firm revealed that more than 500,000 identity fraud reports are made each month to the federal trade commission that result to a median loss of $200. What is identity theft? […]

Is it worth paying someone to fix your credit score?

Unfortunately, as millions know, there are many real, long-term risks when it comes to having a poor credit score. A low credit score can cost you thousands and significantly hamper your future. These scores are often driven by financial errors that were made by either reporting companies or the individual in question. There are ways […]