FICO Score

Three Ways to improve your credit sco...

Posted April 11, 2013 Author: Dan Beck

I am always reading tips from experts on the internet about “great ways” to improve your credit score fast. In my search I have come across all kinds of crazy ideas, most of them are ones that you have to read twice, and then are still left saying to yourself “did I actually read that …Keep reading

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The Rule of 22

Posted February 25, 2013 Author: Dan Beck

If you have ever read any of my books or any other articles I have written you undoubtedly have heard me talk before about the importance of how you manage your credit card debt in the eyes of your FICO score. Some of the concepts and principles I teach I understand can be a bit …Keep reading

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Spending to improve your FICO score?

Posted September 21, 2012 Author: Dan Beck

Have you ever heard or been told that when trying to rebuild or improve a credit score “it is a good idea to charge up your credit card, leave the balance on the card for a few months then pay it off?” Followed by, “repeat this cycle a few times because it will show that …Keep reading

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What you bought is not what it you th...

Posted August 27, 2012 Author: Dan Beck

If you have ever felt confused by credit scores, don’t feel alone! Everywhere you go from the internet, to television ads, to radio commercials you will see some type of product that you can purchase to learn your “credit score”. All kinds of companies are now making a big push to have us as consumer’s …Keep reading

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Is it time for change?

Posted May 21, 2012 Author: Dan Beck

In the past few months many people are publicly taking the stance that the FICO scoring system needs to be changed. The claim is that adjustments need to be made to the existing formula to better reflect the current economic landscape. Most of these people think the system is outdated and should be changed to …Keep reading

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Why is 50 points such a big deal?

Posted March 13, 2012 Author: Dan Beck

Just about everyone understands that your credit score is a very important number when it comes to your financial livelihood, but have you ever thought to understand why? The purpose of the FICO score is to predict the statistical chance of a consumer being 90 days late or more in the next two years.But more …Keep reading

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Top 3 reasons NOT to apply for a stor...

Posted December 20, 2011 Author: Dan Beck

If you’ve gone shopping at a department store lately, I’m sure you have been asked to open a store credit card. For doing this, you could save 10-, 15- or even 20 percent on your purchase that day. Here are 3 reasons this is a very bad decision: When you apply for a credit card, …Keep reading

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Did you hear about this?

Posted November 21, 2011 Author: Dan Beck

Have you heard about the newest gadget you can buy for your car? You hook it up to your car and then as you drive it will give you a very rough estimate of how fast you are going.Plus it will give you a vague estimate of what the speed limit might be in the …Keep reading

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Finally the TRUTH about Mortgage Inqu...

Posted August 18, 2011 Author: Dan Beck

Understanding how inquiries impact your FICO score is easily one of the most complicated aspects of the scoring system. This is easily on the “Top 5” list of the most misrepresented facts about FICO scores. In efforts to clear this up here are some truths about credit inquiries and how they relate to your FICO …Keep reading

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It will surprise you!

Posted July 14, 2011 Author: Dan Beck

One of the most common questions that I receive has to do with what would be the best thing to payoff to improve someone’s FICO score. Judging by the frequency of the question and the overall surprise of the answer I thought it would be a good “FICO Score pop quiz” question, so here you …Keep reading

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