Improving Your FICO Score

Credit scores, also referred to as FICO scores, can be rightly termed as a way to determine the credibility of an individual for assuming debt. These FICO scores are calculated using software developed by Fair Isaac Corp and are entirely dependent on the past credit history of the individual. All the three major credit-reporting agencies, namely Equifax, Experian and TransUnion calculate these scores and rate the credit risk potential of every individual. Building a good credit history is man...
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Facts About FICO Scores

With the advancements in the field of computers and internet technology, hassle-free financial transactions have become a reality. Thanks to the internet, an individual is neither required to step out of the house nor have to stand in long lines inside the bank so as to check account balances or trade a stock. Beyond these, there are numerous advantages of using internet technology. One such advancement that has tremendously influenced the personal finance sector is the concept of FICO scores o...
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My Credit Score

Beginning the process of searching for a mortgage, I recently received my credit report. The numbers look pretty good as I received scores of 783, 783, and 778. So, what the heck is a credit score anyway? When you apply for credit – whether for a credit card, a car loan, or a mortgage – lenders want to know what risk they'd take by loaning money to you. FICO® scores are the credit scores most lenders use to determine your credit risk. You have three FICO scores, one for each of the three credit...
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