Category Archives: FICO

How Social Media Affects Your Credit Score and Financing Opportunities
FICO is the gold standard for calculating credit scores. But because of how FICO scores are calculated, they make a lot of consumers “unscoreable”. The answer? (According to banks and lenders around the globe…) alternative credit scoring data. Data that can come from utility companies, landlords, cell phone records, and even your social media accounts. Yes… your activity on social media affects your credit score...
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Understanding Your Utilization Ratio: Tactics for Success
There are five factors that are calculated into your credit score: Payment History, Utilization Ratio, Length of Credit History, New Credit, and Credit Mix. Today, we are going to focus on Utilization Ratio. Your Utilization Ratio accounts for about 1/3 of your overall FICO score  - so it is important that you understand what it is and how you can improve it. Your Utilization Ratio, also commonly...
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5 Credit Facts You Must Know to Win the Credit Game
To win any game in life, you have to know the rules. It’s no different with your credit score. There’s a lot of misinformation out there. And when it comes to your credit score, bad information can be very dangerous. Here are five of the most important credit facts you have to know to build your credit score and “win” the credit game.

1. Your score...

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