The persistent falsehood – leave a small balance on your credit card every billing cycle to build a credit score – has no basis in fact. The truth - if you leave a balance on your credit card - you accrue interest on both existing and new ... READ MORE
Category: Money Matters
Fair Isaac Corporation developed FICO® Score models to rate a consumer’s credit history. Since 1989, the company has developed many different scoring models to sell to lenders and consumers. A pie chart is often used to explain factors ... READ MORE
Category: Money Matters
Credit Impact: Credit Scores & Consumer Loans Workshop When: February 26, 2020, 6:00 pm – 8:00 pm Location: Lee Davis Community Center, 3402 North 22nd Street, Tampa, FL 33605 Registration required: https://credfeb26.eventbrite.com Registration ... READ MORE
Category: Events, Money MattersConsumers applying for credit are sometimes surprised to find out the credit score they have been tracking is different from the credit score the lenders use to evaluate their loan applications. The truth is, there are many, many different credit ... READ MORE
Category: , Money MattersPromotions such as – We Can Repair Your Credit – are everywhere. They imply that all you need to do is hire a service to get negative items wiped off your credit history and your credit score will instantly improve. The reality is that consumers ... READ MORE
Category: Money MattersA good credit score tells a lender that you are likely to pay a loan as agreed. Borrowers who are perceived as less risky score the best rates on loans. The way to build a good credit history is to demonstrate that you manage credit well. This ... READ MORE
Category: Money Matters