Category Archives: Credit Scores

Types Of Credit

10% of your FICO score is based on these types of credit Is it a healthy mix? The score will consider your mix of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans. It is not necessary to have one of each, and it is not a good idea to open credit…
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The Fico Algorithm: Cracking The Credit Scoring Code

The Fico Algorithm: Cracking The Credit Scoring Code How Does FICO work? A very wise man once said, "the only source of knowledge is experience". That man happened to be Albert Einstein. If any company or person tells you that they know the FICO algorithm, then stop working with them immediately. What we have learned…
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Can Items Reappear On Your Credit Report?

Can negative items return to your credit report after they have been deleted by your credit repair company?  It's actually quite uncommon to get an item removed from your credit report only to have it come back. The credit bureaus will sometimes temporarily delete a negative listing if they haven't heard from the credit grantor…
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6 Ways Your Credit Is Costing You

If I could show you 6 ways your credit is costing you a fabulous European Vacation or a down payment on your first home, would I have your attention? 1) Your Credit Cards could be costing you $1,200 extra per year. According to creditcard.com the average rate with good credit is 10% while the average…
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