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Articles tagged with: FICO

Fico Scores »

[15 Sep 2019 | One Comment | 3,294 views]
Open new Credit Accounts With High Limits to Raise Your FICO Credit Score

Get a credit card with a high limit, keep the balance low and use the credit card to establish a credit history or boost a low credit score. Remember — the more available credit on a credit card, the better.

Fico Scores »

[7 Sep 2019 | One Comment | 3,646 views]
Have at Least Three Open Accounts to Raise Your FICO Credit Score

Having more than one credit account can boost your credit score. If possible, strive for at least three good accounts.

Fico Scores »

[5 Sep 2019 | One Comment | 3,070 views]
Opening a Credit Card at a Department Store Will Lower Your Credit Score

While on a shopping spree, you open credit-card accounts at several of your favorite department stores to snap up discounts of 10% or 15%. You’re saving a bundle, but you may be chipping away at your credit score.

Fico Scores »

[29 Aug 2019 | No Comment | 2,603 views]
Creditors are Making Their own Social Media Credit Score and Credit Report System

CoreLogic and FICO partnered last year to offer lenders an alternative credit score for more predictive scoring, which includes data previously not used in credit scoring, from a borrowers cell phone bill, utilities, payday loan activity, to child support judgments, evictions, property tax liens, the status of homeowner’s association dues, whether or not a borrower is underwater on their current home, or whether a borrower owns other properties that credit agencies typically miss.

Fico Scores »

[24 Aug 2019 | One Comment | 3,638 views]
Credit Score Using FICO Score vs VantageScore

FICO isn’t the only number used to determine your credit risk — the score that counts is the one your lender uses. There is no single credit score number — the compilers of the widely accepted FICO Credit Score allow lenders to customize their system, so different lenders produce different scores.