When it comes to credit score, you could frequently get baffled since lenders and companies providing loans might use its own custom scoring model with a different scale. Many others can relate to such a confusing experience.
Perhaps the question you’ve always been asking yourself is “What is considered a good credit score?” Well, there is no stipulated pass or fail mark in regard to credit report, but creditors have set 700 to be a good credit score. Thing is, 60% of Americans are capable of achieving this, hence shouldn’t be difficult […]
The question many people are asking is what is a good credit score and how easy is it to achieve such a score? Considering the fact that 60% of Americans have managed to achieve the score, it makes it very easy for everyone.
Payday loans, evictions and even payments for child support will now be factored into Fair Isaac Corp. (FICO) score courtesy of data provider CoreLogic. Rent, phone and utility payments may also be factored sometime soon.
A report from TransUnion shows that credit card companies just issued around one in four new credit card accounts to “consumers with a score below 700“. This seems to run counter to a trend where lenders look for more security from potential borrowers.
Fair Isaac Corporation (FICO) came up with a new score called the Medication Adherence Scoreto “accurately guess” whether a patient will skip his medicine or not.1
Financial responsibility has to start early on – especially for the next generation that will grow up in weakened economy.
How do you go around getting a better credit score? Two things: good credit habits and a lot of time.
Fair Isaac Co., the company that provides some of the most widely used credit scores, has plans to release its products in Spanish and furnish a Spanish website.
You get access to three credit reports a year thanks to the government, but you really don’t get access to free credit scores unless you pay for them or you enrol in some form of credit monitoring service.