Credit Check Facts

There are five key elements that comprise your FICO score: payment history: outstanding debts, credit history age, inquiries, and account types. Each of these items is given a different weight in the algorithm that determines your FICO score. Payment history is 35% of the score, outstanding debt is 30%, credit history age is 15%, and [...]

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One very important element in your overall credit worthiness package is your FICO score. But what exactly is that and how does it affect your debt management choices? FICO is an acronym formed from the letters of its founder, the Fair Isaac Corporation. It is a number between 400 and 800 that ranks credit worthiness [...]

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Credit reports are often regarded with dread, especially by those who have entered turbulent financial waters. But reality is never your enemy, even when it is unpleasant. In order to promote financial health, and resolve any debt problems you may have, it’s essential to have the best information possible about your credit status. That information [...]

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