Protect Your Credit Score: Don’t Get Shot-Gunned at the Dealership! Have you ever walked into a car dealership, excited to find your dream car, only to be bombarded with questions and paperwork? One sneaky practice you might encounter is “shotgunning,” where the finance person submits your credit information to multiple lenders at once, hoping to […]

Breaking The Mortgage Code: As you start the search to find the perfect mortgage for your dream home, understanding the concept of the “middle score” is paramount. Let’s dive into what it means, why it matters, and how you can leverage it to your advantage. What is the Middle Score? When lenders assess your creditworthiness […]

Have you ever wondered why the credit bureaus make correcting even the most minor errors on your credit report so tricky? Removing negative items can feel like an uphill battle despite providing clear explanations. The reason might surprise you: You, the consumer, are not the credit bureaus’ primary client. Who Are the Credit Bureaus Really […]

Why is it Crucial to Remove Inaccurate Information from Your Credit Report? There are multiple reasons. Ambiguous, incorrect, or outdated information on your credit report is a favorite target for identity thieves looking to create a false profile. With this fake profile, they can engage in various fraudulent activities—such as gaining employment, opening credit accounts, […]

Are you drowning in credit card debt? You’re not alone. Many people find themselves overwhelmed by high interest rates and minimum payments. But don’t despair! You can negotiate with your creditors and find relief with a strategic approach. Understand Your Financial Situation The first step to tackling your credit card debt is to assess your […]

The age of your credit history is one of the five key factors influencing your credit score, accounting for up to 15% of the total score. While it may seem like a small percentage, every factor contributes to achieving your optimum score. Different credit scoring models calculate the age of your credit history in various […]

There are time limits for how long negative credit can remain on the report. In reality, there is no “MUST”, and the creditor or the credit bureau can decide to have the negative credit items deleted whenever they please. Except: The FCRA exists to protect against something remaining on a report forever. The credit bureaus […]

FICO® and VantageScore® use proprietary algorithms to produce your credit scores. While there are multiple FICO® score models for each of the 3 bureaus (28 among the three), both FICO® and VantageScore® base your scores on the data currently listed on your credit report on any given day. Fair Isaac Corp. (FICO®) was created in […]