Climb Credit Score Ladder: FICO Score
Climb Credit Score Ladder: FICO Score Credit for Beginners by David B. Coulter Share Share Email What is FICO Score? A FICO score is a specific type of score that lenders use to make borrowing decisions. A credit score is a three-digit score that is used to measure how well you manage credit and debt. […]
How Can I Get A Great FICO Score?
How Can I Get A Great FICO Score? Credit Cards by John Ulzheimer Share Share Email FICO, the inventor of the credit score, conducted analysis on those with high credit scores (from 785 to 850), which are called the “high achievers”. FICO® scores range from 300 to 850, with the higher the score the lower […]
We have 49 different FICO scores and no, I’m not kidding
We have 49 different FICO scores and no, I’m not kidding Credit Cards by John Ulzheimer Share Share Email We all know that we have a FICO score, and most of us think we have just three, one per credit bureau. Would it surprise you, however, to learn that you actually have 49 different FICO […]
Why is the FICO score used by auto lenders different than other FICO scores?
Why is the FICO score used by auto lenders different than other FICO scores? Auto Loans by John Ulzheimer Share Share Email There are many different versions of the FICO credit score. Each of the three U.S. credit bureaus – Equifax, Experian and TransUnion – has many different generations and “flavors” of the FICO score, […]
What’s a Good FICO Score?
What’s a Good FICO Score? Credit Report by John Ulzheimer Share Share Email One of the most common questions I’m asked is what constitutes a good FICO score, bad FICO score, great FICO score, horrible FICO score, average FICO score, etc? Here’s the deal on the quality of your FICO score…it’s going to depend. It’s […]
Can I Get A Higher FICO Score If I Have A One Percent Debt to Limit Ratio On My Credit Cards?
Can I Get A Higher FICO Score If I Have A One Percent Debt to Limit Ratio On My Credit Cards? Credit Cards by John Ulzheimer Share Share Email “John, I’ve read on the Internet that if you have a 1% debt to credit limit ratio you’ll have a higher FICO score than if you […]
FICO Study on Credit and Debit Card Fraud
FICO Study on Credit and Debit Card Fraud Credit Monitoring by John Ulzheimer Share Share Email FICO, the company that invented the credit score, recently conducted research on debit and credit card fraud in the U.S. The research was conducted from January 2010 to September 2011 and included hundreds of millions of active credit and […]
Welcome the New FICO Score In the Market
Welcome the New FICO Score In the Market Credit Cards by John Ulzheimer Share Share Email In October 2011, CoreLogic announced a new credit report named the CoreLogic CoreScore™ and that FICO would develop a mortgage score using this data. In July 2012, FICO completed the development of the Mortgage score. CoreLogic provides information, analytics […]