Credit Scores in Everyday Life

Companies have found a correlation between credit scores and personal responsibility. Employers can even deny you a job if your credit score is low. A good credit score is more critical now than ever before. Your homeowner's insurance, car insurance, mortgage, so many things in life now are based off credit score.

Simply put, credit scoring is a way to assess the credit risk of a loan applicant. It determines who qualifies for a loan, it can determine at what interest rate that loan is issued at.

The key to keeping your score high is to pay your bills on time. And look at balances on credit cards and seeing what we can do to bring those down so credit scores will be increased.

(May 1, 2007)

Improving Credit Score

Checking Credit Score

Latest News

7/15/10

Figures provided by FICO Inc. show that 25.5 percent of consumers — nearly 43.4 million people — now have a credit score of 599 or below, marking them as poor risks for lenders. It's unlikely they will be able to get credit cards, auto loans or mortgages under the tighter lending standards banks now use.

7/17/09

A Home Loan Modification could affect your credit score depending on how far behind you are and the kind of mortgage loan modification you’ll be granted.

7/8/09

In this recession, many consumers find their credit as the credit crunch continue to take its toll. Banks and credit-card companies hit by charge-offs are tightening up their lending standards.

6/15/09

As the recession drags on, more people find their all-important credit scores slipping. Here are some suggestions what you can do about it

6/10/09

Fair Isaac Corp., maker of the popular FICO credit score, is rolling out its new-and-improved scoring model, dubbed FICO 08, with Equifax.

5/19/09

Recently, many consumers have experienced their credit card company decreased their credit line. Card issuers are tightening the screws on consumers

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