5 Things About FICO Scores And Getting New Loans
Posted on September 12th, 2010
Formal Definition of FICO Scores
FICO Scores were basically formed and developed by The Fair Isaac Corporation as a means to rate a consumer’s credit worthiness and to help lenders in determining which potential clients are best qualified to receive loans.
What Makes FICO Scores Different?
The difference between FICO scores and other credit report type scores is that they are normally more widely accepted by home lenders. It was Fannie Mae and Freddie Mac that helped to push and expand the use of FICO scores several years ago and they have continued to be recognized as the industry leaders in terms of obtaining home loans.
What Is Actually In My FICO Score?
Your FICO score is based on 5 different pieces of information that is used in combination to form your overall score. The first two factors shown are responsible for more than half your score so they are considered to be a bit more important. F
Tags: Fico Scores, Scores
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Fast and Easy Credit Repair Secrets to Help You Boost Your Credit Scores Fast
Posted on January 28th, 2010
Want a Higher Credit Score?
Chances are if you are reading this article then you have low FICO scores are are looking for some fast and easy credit repair secrets to help you boost those scores. If that’s the case keep reading as I am going to cover some basic credit repair tips you can apply to your situation to boost your credit scores fast!
Where Do You Begin?
At the beginning of the repair process you want to add some good positive activity to your credit profile. The best way to do this is to get a co signer to help you secure a small cash loan of around $1000-$2000.
Once you receive the loan put the money into a savings account at the bank where you borrowed the money from and set the loan up for auto payment right from your account. Secured Credit Cards also work very well along with this method for building a solid credit base to build from. Read more…
Tags: Credit Repair Secrets, Financial Help, Repair Secrets, Scores
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