Did you know… all credit scores are not created equal? Your credit score and your credit report are two different things. Credit Reports are a detailed history of your use of credit over many years. A credi score is an aggregate of all that information reduced to a number. A note of caution: The only… Read More
When you’re shopping for a low mortgage interest rate, keep in mind that widely advertised rates for home loans are usually designed for home buyers with “very good” to”excellent” credit scores. — Understanding Your Credit Score — That’s not meant to imply that you can’t get a mortgage if you have a “fair” credit rating,… Read More
FICO, the most widely used credit scoring company in the country, modified their model in 2014 (FICO 9) but few people are aware of how these adjustments affect them personally, or even that there have been changes at all. A few shifts in the scoring algorithm can make a big difference in your credit score,… Read More
