Is 700 A Good Credit Score? Increase to a Great Score
// // // ]]> Maintaining a credit score of 700 is a good starting place but you must consistently do what is necessary to ensure your credit score does not drop lower but rather gets better over time. There More...
Benefits and Drawbacks of Credit Score Monitoring
Consumers have learned the importance of knowing their credit history and credit score. Those who do not pay attention to this important aspect of personal finance are often shocked to discover their credit may More...
What is the Average Credit Score (2011)?
Average Credit Score is 692 (out of 850). The median credit score is roughly 723 in 2011. 60% of Credit Scores are over 700, most experts believe that when a 720 or above there is little need to increase the score. More...
Credit Score Scams
Any consumer who has tried to borrow money, apply for credit or even rent an apartment most likely understands the importance of a good credit score. There is so much emphasis on this three digit number that entire More...
Is Your Bank Profiling Your Deposit Account Behaviors?
No doubt, you are aware that Fair Isaac, the company that markets the FICO score, is a leader in consumer profiling. After all, the company offers numerous scores, from a special mortgage score to an “expansion” More...
What Is A Good Credit Score For A Car Loan
Buying a new car or truck is a major purchase. Unless you are in a position to pay cash upfront to the dealer, you will have to consider financing options. The terms and conditions associated with your loan will More...
What Is a Good Credit Score for a Mortgage?
Applying for a mortgage requires that the lender runs a credit check to view your previous credit history. They will also obtain your FICO credit score to determine your eligibility for a mortgage loan. A mortgage More...
Are You Paying Too Much for These 4 Financial Products?
If you are having trouble trimming the fat from your budget, it might be because you do not realize that you are paying too much for some things. And by too much, I mean paying anything at all. The truth is that More...
Credit Score: Understanding Your Credit Score
Your credit is basic to your finances, and understanding it is important for your financial education. One of the myths you hear about when talking about credit is that checking your own score can damage it. This More...
Do You Understand the 5 “Core Competencies” of Financial Education?
When it comes to financial education, there are concerns that Americans do not know what they should. In order to rectify that situation, the U.S. Treasury has identified 5 “Core Competencies” of financial More...
How Will The New Financial Reform Bill Affect You
Last week Congress passed the Financial Reform Bill with 60 votes. The bill is expected to be signed into law. While this bill has many repercussions for big banking institutions such as regulating derivatives and More...
Fixing Errors on Your Credit Report
One of the most important aspects of your financial life is your credit score. Your credit score is based on information that can be found in your credit report. When your credit report is inaccurate, it can lead More...
5 Essential Things to do Before Buying a Home
You’ve probably heard that we’re in a buyer’s market. Home prices are low, and mortgage rates are low. And, since the home buyer tax credit has expired, there is speculation that home prices could More...