Tag Archives: Creditworthiness

Excellent Credit Score – An Impossible Dream?

Posted on December 14, 2010 by

Sammy Holderman asked: The threat of future unemployment has many people striving to greatly reduce their debt or even to not go into debt at all. Gone are the days of “plastic power”. So many people had their interest rates … Continue reading →

Posted in Finance | Tagged Annotation, Bad Habits, Bankruptcy, Credit Rating, Creditworthiness, Excellent Credit Score, Exodus, Foreclosure, Impossible Dream, Maintenance Fee, Misconceptions, Recession, Savvy Consumer, Score One | Leave a comment

What FICO 08 Means to Your Credit Score

Posted on May 25, 2010 by

CambridgeCredit asked: Several decades ago, Fair Isaac and Company (FICO) revolutionized the credit rating system with the introduction of their FICO Score a three-digit number representing an individuals creditworthiness. In 2007, FICO began the process of overhauling its scoring model … Continue reading →

Posted in Nonprofit | Tagged Cambridge Credit Counseling, Cambridge Credit Counseling Corp, Consumers, Credit Profile, Credit Rating, credit score, Creditworthiness, Decades, Fair Isaac And Company, Fico Score, Money, Risk, Three Digit Number | Leave a comment

700 Credit Score – Should I Raise It?

Posted on May 16, 2010 by

Josh Ramos asked: Although there are no universal guidelines as to what represents a very good credit score, a quick search of the Internet revealed that quite a few creditors consider a 700 credit score as “very good” to “excellent.” … Continue reading →

Posted in Finance | Tagged 700 credit score should i raise it, Consumers, Credit Decisions, Credit Offerings, Credit Reports, credit score, Creditworthiness, Fair Isaac Corporation, Fico Scores, Home Mortgage, Instant Credit, Interest Rate, Thousands Of Dollars, Three Main Credit Bureaus, Universal Guidelines | Leave a comment

Credit Score Basics

Posted on January 1, 2010 by

Frank Bruno asked: Times have changed. With the age of technology, everything has become impersonal, including the lending business. The Three C’s have been reduced to one: Credit Score. Your best chances of obtaining a loan, then, depend on your … Continue reading →

Posted in Finance | Tagged Common Denominator, Credit Bureaus, Credit Report, Credit Reporting Agencies, Credit Reports, credit score, Creditworthiness, Different Ways, Experian, Lenders, Major Credit Reporting Agencies, Mortgage Companies, Open Accounts, Payment History | Leave a comment

Credit after Bankruptcy – Tips to Boost Credit Score

Posted on November 30, 2009 by

Carrie Reeder asked: Establishing credit after a recent bankruptcy is very important. For the most part, many consumers acquire excessive debt because of using credit irresponsibly. Hence, after a bankruptcy is discharged, many people are hesitant to obtain new credit … Continue reading →

Posted in Finance | Tagged Auto Loan, Bankruptcy Credit, bankruptcy tips, Credit Decisions, Credit History, Credit Lenders, credit score, Credit Scores, Creditworthiness, Drowning In Debt, Excessive Debt, Many Young Adults, Nosedive, Rebuilding Credit | Leave a comment

Improving Credit Score to 650

Posted on June 14, 2009 by

Laura Evert asked: You can only call yourself financially free if your credit score is good. This means that if you have credit score 650 then you should be working to improve it. Your score represents your creditworthiness and a … Continue reading →

Posted in Finance | Tagged Annual Report, Creditworthiness, Equifax, Free Score, Identity Theft, improving credit score, Inaccuracy, loans, Long Time, Period Of Time, Reputation, Short Period, Transunion, White Collar Crime | Leave a comment