Archive for December, 2010

What is considered an Excellent Credit Rating

Thursday, December 30th, 2010

There is no doubt that the recent economic downturn has consumers more focused on their financial well being. And having an excellent credit rating can mean the difference of hundred or evens thousands dollars a year in interest payments. To understand what is considered an excellent credit rating, you need to understand or at least […]

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Achieving A 800 Plus FICO Score

Thursday, December 30th, 2010

If you want to fall in excellent credit score range, a 800 or higher FICO score will definitely get you there. But getting a 800 plus FICO score is not easy. To start off, you should should understand the FICO score calculation and this will give you a better understanding of what makes up your […]

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Will a late payment kill my credit score

Thursday, December 23rd, 2010

If you are asking the question will a late payment kill my credit score means you either just paid late or you are thinking about paying late. You payment history is the single largest portion of the FICO score calculation, making up % 35 of your score. It also is with you the longest. Your […]

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Do creditors have to report 30 day late payment

Wednesday, December 22nd, 2010

This is a question that might be running through your mind if you just dropped the check in the mail for a payment you know will be late. It seems not fair that if the payment if just one or two days late that your creditor will report you as late. The answer to: do […]

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How Your Age Can Effect Your Credit Score

Tuesday, December 14th, 2010

If you wondering how your age might play a factor in your credit score, you should know that your age really has no effect on your credit. What does have an effect on your credit score is the length of your credit history. Specifically, how long have you used credit? This is one of the […]

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What Credit Score Do You Need For A Mortgage

Monday, December 13th, 2010

Lets starts out by saying that you need the highest possible score you can get for a mortgage. The question wasn’t what you need to get approved it was needed for a mortgage. Why? Because you will be paying this mortgage for most of your life and the better your credit score is the less […]

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what is a good debt to credit ratio percentage

Monday, December 13th, 2010

If you are trying to answer what is a good debt to credit ratio, you might be faced with two¬†arguments. ¬†The first is that you try to carry no debt what so ever and the other is anything below 30% is where you want to be. There is no doubt that having a good debt […]

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