Your credit rating or your credit score shows how eligible you are to get a loan, a mortgage or even a credit card from a lending business. Since all businesses aim for a profit and not a risk, they look at how much financially attractive the borrower is, which is indicated by a high credit [...]
Tag Archives: Credit Score
Who Reads The Credit Report??? Isn’t FICO Enough?
- 28
- Feb
There has been plenty of media attention to the Fair Isaac scores (FICO). After all, says 90 of the 100 largest banks use FICO scores, according to Fair Isaac. What about the other 10 of the 100 largest banks, and many other smaller ones? They may be using an alternative to the FICO score, or [...]
Credit Card Management
- 05
- Jun
Credit cards are convenient, and even good when used judiciously. They: Keep record of your expenses. Facilitate On line and Catalog Trade. Offer some fraud protections that debit cards may not offer. Provide and end-of-month, easy to read, analyze, and archive statement. When used right, help build up the credit score, so that you can [...]
