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A good FICO® Score gives you “buying power” – the power to purchase things. Without a good FICO® Score, a lot of your dreams may be harder to reach – like your own home, a dream vacation in the Alps or Hawaii, or that bright red Ford Mustang you’ve been...
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Do you have a bad FICO® Score? How can you even tell? This list of ten red flags will show you what to look for. 1. You can’t get a credit card. If you’ve had a credit card application turned down, it could be a sign that you...
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A bad FICO® Score is one of those realities of finance that people often forget. It’s too frequently out of sight and therefore, largely out of mind. Nevertheless, once you are saddled with it, it’s a shackle that is hard to shake. You are tied up with bank fees...
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What is a FICO® Score? A FICO® Score determines the available credit, as well as the guidelines with which credit is given, such as interest rates. It helps the lender determine the risk involved with lending you money. FICO® Scores are calculated from the credit reports from specific...
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When it comes to determining credit scores, credit risks, and interest rates, FICO® the go-to firm – handling over 10 billion credit requests globally. The FICO® Score is a numerical credit rating that has the power to decide whether a request for borrowed capital is accepted or denied. Likewise, interest...
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Poor FICO® Scores can make your life difficult, and they’re unfortunately easy to get. There are so many pitfalls and traps the unwary person can fall into in their journey through life. Read this list of 5 common mistakes people make with their credit to better equip you to...
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Bad credit is one of those things that you can live with. It most likely won’t ruin your life and you will find ways to work around it. Still, there are some major and money-saving benefits to having a good FICO® Score. 9. Lower interest rates on all your...
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You probably have a vague estimation about your FICO® Score. You guess that you have a good FICO® Score, or a great FICO® Score. Maybe you’re unhappily sure you have a bad FICO® Score. But what, exactly, is a bad FICO® Score? Different Scales, Different Systems The first thing...