Bureaus Roll Out New Credit Score Formula for 2009
The three credit bureaus will begin using a new formula to calculate credit scores in 2009 - just as folks were starting to get the hang of what ... collection accounts in which the original debt was less than $100. This is a big victory [more...]
Date: 2008-12-29 21:48:19
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Credit Score Checkup
Earlier this year I checked my credit report and score with one of the big three reporting bureaus. My score at the time was a 696 ... s one reason why I’m so motivated to bring my debt down. In 1 or 2 more years I want to refinance my 7/1 ARM ... faith phone call to collect the debt. I had no idea I was being billed and it’s not my fault [more...]
Date: 2008-12-11 15:48:31
White House Throws GMAC $6 Billion Rescue Line
Remember when the Bush administration was opposed to tapping the $700 billion Wall Street bailout to help Detroit’s Big Three? Fugetaboutit ... from a minimum credit bureau score of 700 two months ago down to a score of 621. From a statement from GMAC President Bill Muir: We will continue to employ responsible credit standards, but will be able [more...]
Date: 2008-12-30 16:29:15
Need a Free Credit Report?
If there is one thing I have learned over the years regarding my finances, I am always on the look out for anything that affects my credit score ... your overall score down. They will even give you a free copy of your 3 bureau report so you can identify any potential errors and have them fixed. If your score is not that great and you want to improve cr [more...]
Date: 2009-01-05 02:31:25
Free FICO Score At Equifax (No Strings)
Written on 10/02/2008 by me, Jay White, the founder of Dumb Little Man and an all around average guy ... . As you may know, Equifax is one of the 3-primary credit bureaus in the US and its score is used heavily as a risk criteria anytime you apply for a personal loan, credit card, or auto loan [more...]
Date: 2008-10-02 12:12:54
New Credit Scoring Model Set for Release in 2009- Finally!
Almost a year ago, we wrote about the new FICO 08 scoring model that was initially planned for roll-out at the latter part of 2008 ... -user information would be included. Small Collection Accounts Disregarded. Accounts with debt less ... . Besieged with lawsuits between its creator, Fair Isaac, and the three largest credit bureaus [more...]
Date: 2009-01-06 13:47:30
Credit Score Disclosure
Pulling a credit score is one of the first things a mortgage planner does before submitting your application to a lender.Once the score is obtained, clients often wants to know what their score is. What many don’t realize is that mortgage planners generally can’t tell them.Equifax, the main credit bureau in Canada, has very strict rules that restrict brokers from disclosing credit scores to borrowers. Brokers who violate this policy are subject to termination of their license from Equifax—not [more...]
Date: 2009-09-29 07:06:00
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