How To Check Your Credit Rating and Know Its Affect On You
You may not know it, but every time you take out any kind of loan or credit or pay something back, it gets counted on your credit rating. Who keeps a record on you will vary according to where you live, but the big three credit reference agencies are Experian, Equifax and Trans Union. They will ... more...

Home Equity Loans Theres Gold In That There House
To paraphrase an old familiar quote that goes theres gold in them there hills, you could say, theres gold in that house. As Martha Stewart would say, its a good thing.A home equity loan can be a very good thing if you formulate a plan and stick to it. Home equity loans are becoming much more common ... more...

Credit Score: A Guide to Credit Scoring and Improving Your Credit Score
Dont get excited guys, this is not that kind of score and its impact lasts much longer than 30 seconds. We are talking about credit scoring and credit score that is also known as FICO (Fair Isaac & Co.) score.So what is credit scoring? You have heard of personality profile that dating services use ... more...

It's Your Credit - Take Care of It!
Thanks to the Fair and Accurate Credit Act, American consumers can receive a free annual credit report from each of the three major credit bureausExperian, TransUnion and Equifax. You can order your free credit report by visiting www.annualcreditreport.com or calling 1-877-322-8228.Monitoring your ... more...

Fair Isaac Corporation Credit or FICO Score
As I am not from the US, I had no idea what FICO meant before researching it. FICO stands for Fair Isaac Corporation, a company based in California. FICO, put simply, is a person's credit score. A credit score can be used by a potential lender in making a judgement on whether to grant you credit or ... more...

Debt a Glossary of Terms
Bankruptcy - Having been legally declared financially insolvent. There are two types of bankruptcy - liquidation, in which your debts are cleared (discharged) and reorganization, in which you provide the court with a plan for how you intend to repay your debts.Collateral - Property acceptable as ... more...

Your FICO Score and Applying for a Loan
Have you wondered how loan and mortgage companies decide whether or not to lend you money when you apply for a loan? For nearly all, the decision is based on one version or another of a 'credit score' based on your credit report. The most commonly used credit scoring 'device' is the FICO - software ... more...

Credit Report How Your Credit Score is Determined
Most consumers are aware that they have something known as a credit report that is used to determine whether or not they would qualify for a loan. Fewer are familiar with the FICO score, a creation of the Fair, Isaac, and Co. which distills their entire credit report down to a three-digit numeral. ... more...

Common Credit Score Myths
A lot of credit score myths about fico score ratings get spread around and some of them are just outdated information. Sometimes even lenders can give you the wrong advice and it can get confusing. But the bottom line is bad information can cost you money no matter who you get it from.Fico score ... more...

Fico Scoring Basics
FICO scoring originated from the Fair Isaac Company. The Fair Isaac Company invented the current credit scoring system that turns all of your credit information into a personal credit score. Today lenders still use this credit scoring system to determine credit risk.The term FICO scoring means, a ... more...