Applications for Credit on your Credit Report

Posted on February 25, 2009

The FICO score formula takes into your inquiries.  These are any time your credit report has been reviewed.  This means wither you, an employer, or creditor have taken a look at it.  The only that is taken into account when calculating your FICO score is when a creditor looks at your account when you apply […]

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Should You Carry Zero Balances?

Posted on February 3, 2009

It is a common belief that you need to have some revolving debt to get an good FICO score.  Well, that might not be entirely true. What does carry no revolving debt really say about a person?  They have control enough not to use their credit card and save for purchases.  This is a respectable […]

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The Age of Late Payments on Your Credit report

Posted on January 31, 2009

The FICO score calculation puts a 35% weight on your payment history and this carries the largest weight compared to all other factors.  Late payments can haunt your payment history and drag down your FICO score.  So how long can these late payments stay on your credit report? They can be on there up to […]

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The credit Crisis and the Role Your FICO Score Could Play

Posted on December 6, 2008

The effect of the housing marketing has really been in the news lately.  Foreclosures have been at an all time high and it doesn’t look to be slowing.  What effects does this really have on consumers? Well, this makes for some scary times.  Most people might not be thinking of their FICO score right now, […]

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Why you never want to pay late

Posted on October 15, 2008

One of the biggest way people ruin their FICO score is by paying late.  This is a huge mistake.  It ranks as one of the top negative factors you can have on your credit report.  Well, besides bankruptcy, collections, or some other judgments against you. So why is paying late considered so negative.  If you […]

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