You might not have known it, but you have two credit scores. One is your FICO credit score, the other is your FICO Auto Industry Option Score, or just Auto Credit Score.
The latter score helps the auto dealerships and auto lenders decide whether you can make a good risk for a car loan. FICO creates it specifically for auto lenders so they can easily determine your loan qualification, interest rate, and the down payment required.
Read MoreHave you ever wondered just how well your credit stacks up compared to others? Maybe you think you have the worst credit anyone can have, or maybe you think you are doing pretty good. We have compiled a list of the average credit score of 50 states as well as the factors that contribute to those scores.
Read MoreAnyone who is in debt, especially if it is a lot of debt, can easily fall prey to the wonderful advertisements of credit repair companies promising to clear your credit and boost your credit score. The question is, though, can they actually fulfill those promises? The truth is that there is not an easy answer.
Credit repair can benefit you greatly, but there is no way of knowing if it will or how much it can help until you actually try it. We are going to take a deeper look into credit repair so you can get a better understanding of it. Let’s dive in.
Read MoreThere are a lot of fraudsters constantly thinking of new ways to steal information from people. No matter how hard we work to protect ourselves, they are often one step ahead of the latest protection available.
There are many identity theft protection options available that you can purchase to help protect yourself.
Read MoreMost consumers need a reliable vehicle to get around. However, most consumers also don't have the money to buy a vehicle upfront. They need to take out an auto loan. This means they need to have an adequate credit score to buy a car. If you need to purchase a vehicle, you might be wondering what credit score is necessary.
Read MoreThe three major credit bureaus work in very similar ways, but they’re not friends – they’re competitors. They may seem largely interchangeable to the average consumer, but each may have different information about you. Even if they use similar methods of calculating your credit score, they may come up with slightly different results.
Read MoreYour credit score and report are the two most essential items in your life. They determine whether you can gain access to the products and services that you need to navigate through this world. A good credit score is attainable if you know the credit score best practices. We want to bless you with some tips that you can use to boost your credit score to the next level and keep it there.
Read MoreIdentity theft is a scary thing and it happens around us all the time. If you have not been subject to it, then someone you know probably has. It comes in many different forms and it is important that we are all aware of it
The only way we can take steps to prevent identity theft is to know what it is and always be aware. Many of us do not know the proper steps to take to protect ourselves. Continue reading this article to find out all the ways to prevent identity theft.
Read MoreWhen you consider credit scores going along with certain age groups, you can see how you're doing. You can see if your credit score is good for your age group. You shouldn't get discouraged if you find that others in your age group have generally higher scores.
However, knowing this might help to motivate you. Perhaps your score is low for your age group. In this case, you might want to improve your finances. You might find that your score is high for your age. This helps encourage you to continue the good work.
Read MoreIn order to improve your credit score, you need to first figure out what it is. You can check your score online. When you get a score, you will also have access to information about which factors are affecting your score the most. These factors can help you know which changes to make to increase your credit score
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