Category Archives: FICO

Why it is so easy to mess up your credit score
It takes a lot of hard work, effort, and time to build up a good credit score. But, wrecking your score can happen in the blink of an eye. Why? Think about it like the story of Sisyphus. He’s the ancient Greek guy who was sentenced by the gods to roll a huge rock up a steep hill and every time he got near the top… the...
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How to build credit when you are first starting out
It’s the proverbial chicken-and-the-egg problem. How can you build credit if you need good credit to get approved for credit? Lucky for you… you are reading this blog today. We asked our in-house credit expert, George Cole, for his top three tips for someone just starting out on their good credit journey. Here’s what he said…  
Start small
  >>Try a secured credit card Secured credit cards are easier to get when...
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Anatomy of Your Credit Score
For a number that can affect so many parts of our lives, most people know very little about how a credit score is calculated. More than 90% of businesses use the FICO system to make lending decisions. FICO (the company) does not actually calculate each credit score. They sell the software that calculates them to the “big three” credit reporting companies (Experian, TransUnion, and Equifax). Each credit...
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