The credit industry is filled with all kinds of strange terms, one of those terms is “re-aging” and if you have any collection accounts on your credit report you need to understand what this word means. Re-Aging defined Collection accounts can and will hurt your credit but they are not allowed to hurt you forever. …
FICO Score
5 quick tips to improve your credit s...
Here we go AGAIN!
Big changes are coming…or are they?
Last week FICO announced some big changes that have been making headlines; I have included parts of the press release below so you can read about those changes. August 7, 2014—FICO (NYSE:FICO), “a leading predictive analytics and decision management software company, announced today that the new FICO® Score 9 introduces a more nuanced way …
To close or not to close…that is th...
Credit Tips for Re-entering the marke...
Many people are sitting on the sidelines just waiting until they are eligible to re-enter the housing market and become homeowners again. These large numbers of people usually have a few things in common but most commonly it is that their credit scores have been hurt by a past foreclosure, short sale or bankruptcy. I …
How could I be declined?
If only I had a score
Over the years of discussing credit I have realized much of my conversations have dealt with explaining to people different ways they can improve their credit score. While this is very important and a much needed conversation, especially since it is estimated that 70 million people have what is considered a subprime credit score, I …
Are you like the other 96%?
5 Characteristics of a Low Risk Credi...
People are always contacting me about ways they can improve their credit score or asking about what things effect their FICO score. A lot of times this question can be specifically answered without reviewing their individual credit profile as it stands currently but there are some basic sound building blocks that are universal to having …