If you have accounts on your credit reports that you do not recognize, learn more at nyconsumerlaw.com Visit annualcreditreport.com for free credit reports or purchase them directly from each bureaus website (Equifax.com , Experian.com , TransUnion.com , Innovis.com ) https://www.nbcnews.com/nightly-news/video/new-federal-law-allows-consumers-to-freeze-credit-1326400067651
Category Archives: Credit Scores
There are two primary credit scoring models that lenders use to determine your risk. They are: FICO® Score VantageScore Even though each model uses the same credit reports, they weigh the information differently. This means that some consumers may see a significant difference between their two scores. The score that is used will depend on the […]
Every couple of days, Mr. Quion eyeballs his score through the Bank of America app on his phone. He pays his credit-card bill weekly to goose his score, recently a respectable and creditworthy 746. https://www.wsj.com/articles/getting-into-the-800-club-is-toughstaying-in-is-tougher-11551659604
The nuance in credit scores comes from the elements beyond simply paying what you owe on time, although there is less transparency with these other factors influencing your score. The second-largest part of your score’s makeup belongs to how much you owe. https://www.wsj.com/articles/to-raise-your-credit-score-start-by-understanding-it-11548010800
https://www.cnbc.com/2018/12/21/2-simple-ways-to-increase-your-credit-score-in-2019.html When it comes to paying off your mortgage, NerdWallet found that an excellent score will save you more than $10,000 in interest over 30 years, compared to a score of 680. Do your credit reports contain inaccurate derogatory information? Visit annualcreditreport.com for free credit reports.
Answer: A single credit inquiry from a lender will have little impact on your credit score. Credit scoring models also take into account when a consumer is shopping for the best rate on a student loan, auto loan, or mortgage and do not penalize them for this comparison shopping. For these types of loans, scoring […]
Members of the 850 Club can be broken into two groups. There are the super-knowledgeable tacticians trying to crack scoring algorithms, and the naturally prudent. Some are prepping for a loan. Others are just credit-score hobbyists. Paul Chua, 40, who works at San Carlos, Calif.-based Helix, a startup focused on personal genomics, is one of […]
Credit scores for decades have been based mostly on borrowers’ payment histories. That is about to change. https://www.wsj.com/articles/want-a-higher-credit-score-soon-your-cash-could-help-1540123200?mod=djemwhatsnews
The new law has a long name – Economic Growth, Regulatory Relief, and Consumer Protection Act – but the outcome is simple. When the law takes effect in September, Equifax, Experian and TransUnionmust each set up a webpage for requesting fraud alerts and credit freezes. The FTC will also post links to those webpages […]
http://money.cnn.com/2018/05/22/pf/free-credit-freeze/index.html The new legislation will make placing, lifting, and permanently removing freezes free no matter where you live. It also requires consumer rating companies to fulfill your request within one business day if made online or over the phone, and within three business days if requested by mail. The changes will take effect about […]