Category Archives: Credit Scores

New federal law allows consumers to freeze credit

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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

How to Monitor Your Credit Without Hurting Your Credit Score

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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 […]

To Raise Your Credit Score, Start by Understanding It

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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    

A high credit score can save you thousands of dollars—here are 2 of the simplest ways to increase yours in 2019

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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.

Will a lender getting a copy of my credit report affect my score?

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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 […]

How More Americans Are Getting a Perfect Credit Score

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 […]

Congress just made credit freezes free

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 […]