Category Archives: FICO

What Does My Fico Score Mean?
You probably understand that your FICO credit score is an important number.  But do you know what those three numbers really mean? Good... Fair... Excellent... Exceptional... It's enough to make you cross-eyed! Where your measure up on the FICO scoring scale affects many parts of your life - not just what interest rates you can get on a credit card or mortgage. We're talking job opportunities, utility...
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Hard Credit Inquiries vs Soft Credit Inquiries
Credit inquiries are included in the "New Credit" category that makes up 10% of your credit score. That's not a huge amount, but it's still important.

So what exactly is a credit inquiry?

Credit inquiries occurs when you or someone else checks your credit report with one of the three credit reporting agencies. There are two types of credit: soft inquiries and hard inquiries.

Soft...

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Why did my credit score drop?
We love a good surprise. An unexpected visit from an old friend… a nice bonus in your paycheck… a special gift just because… But there’s one surprise you’re never happy to get – seeing your credit score drop! There are only a few reasons why your credit score will drop. If you see your credit score drop, especially if it catches you off guard, you should...
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