Category Archives: FICO

Need a Quick Credit Fix? Here are Three!
Your credit score is the key that unlocks the doors of opportunity. If your score is less than ideal, you can be turned down for a mortgage, get denied for a business loan, and miss out on a better job. What is a good score? Anything over 750 is considered "very good". Above 700 is "good" and scores below 650 are considered "poor". So... aim for 650...
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Why the credit reporting system is flawed
Sure, we all know that the better your credit score, the better interest rates you get on loans and credit cards. But did you know that the information on your credit report also affects your ability to get a job, qualify for a promotion, receive preferred utility rates, even get approved for an apartment lease? But... the entire credit reporting process can occur WITHOUT any input from, monitoring by, or...
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Good Credit Score News for People with Medical Collections
Last Summer, FICO (the company that creates the software used to calculate credit scores), released a new update to its scoring system called FICO 9. The goal of FICO 9 was to reduce the effect past due medical debt has on a person’s credit score, especially if they have an otherwise clean credit history. Why is this a big deal? Consider these...
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