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Articles tagged with: FICO

Fico Scores »

[27 Feb 2021 | One Comment | 3,410 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 »

[19 Feb 2021 | One Comment | 3,851 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 »

[17 Feb 2021 | One Comment | 3,212 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.

Rebuilding Credit »

[16 Feb 2021 | No Comment | 5,032 views]
Credit Card Minimum Credit Scores Needed for Store Credit Cards Requirements

Minimum FICO credit score requirements for store credit cards are different for approval from store to store. While credit card companies do not disclose their credit requirements, we can estimate credit requirements for a particular card based upon surveys of previous applicants’ experiences applying for the particular credit card.

Fico Scores »

[9 Feb 2021 | No Comment | 2,716 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.