What’s the Difference Between Credit Scores and Credit Reports?
If you are new to the world of credit or to actively building a positive credit history, you might have lots of questions. One of the most common is the difference between a credit report and a credit score. Credit scores provide a quick snapshot of your credit history in the form of one, three-digit […]
The Truth About Credit Scoring Buckets
Your credit score is important. It determines whether you have access to loans and credit cards, so it is imperative your score remains as high as possible. When deciding if you are creditworthy, lenders will immediately examine your credit score. Your score is calculated using a variety of factors, and once it is calculated, you […]
What You Need To Know About the New FICO 10 Scoring Models
Just as you were finally getting a hang of the old scoring model, FICO brings a new one to the table. In fact, for the first time ever, the company responsible for creating the very first FICO scoring model introduced two new models: FICO 10 and FICO 10 T. If you’re wondering what the “T” […]
Will Your Business Need Credit When the Economy Reopens?
COVID-19 has undoubtedly tested the American economy in a way it has never been tested before. With so many businesses unable to open and so many Americans unable to patronize them, many companies and small businesses have been brought to their knees. Fortunately, with the economy reopening, and businesses of all sizes are beginning to […]
How Many Credit Cards Should You Have?
For most of your life, you have been and will be concerned about numbers. What grade did you receive on that science test? How high is your cholesterol? What is the right number of credit cards you should have? The truth is that there is no magic number of cards that will automatically give you […]
Here’s Why Age Is the Most Important Factor When Buying Tradelines
You probably already know that not all tradelines are created equal. Some companies sell cheap and shady lines that offer few benefits if any. Other companies sell high-quality tradelines that cost more money. Even these reputable companies often have different prices for various tradelines. That superior factor that affects pricing is the age. The Importance […]
