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Reading a Credit Report

Credit reports can be very confusing to read at times. There is a lot of information to decipher, codes that may not always make sense, etc. There are some basic things to know that may help when you … [Read more...]

What Exactly is a Rescore?

A “Rescore” is the updating of information on a credit report at the bureau level in an expedited manner. It is not credit repair and it is not a manipulation of the credit report. Eventually the … [Read more...]

How Safe is Your Child’s Identity?

In this day and age everyone has been taught at least a few ways to protect their identities against theft. But what about your children’s identities? Social security numbers are issued at birth and … [Read more...]

Bankruptcy and Credit

The amount of consumers that file bankruptcy each year continue to decline since new laws went into effect in 2005 tightening the requirements for a consumer to be able to file. The numbers that still … [Read more...]

The Equifax Breach – What You Need to Know

So you’ve found out you were one of the 143 million people who were possibly compromised by the Equifax breach. What exactly does that mean and what should you do now? What it means is that hackers … [Read more...]

FICO Score, FAKO Scores and FICO 09

FICO scores can be confusing to say the least. In reality a person has many different FICO (Fair Isaac Company) scores depending on what they are applying for and the codes that are being used to pull … [Read more...]

Revolving Accounts – What You Need To Know

Revolving balances play an important role in your credit score calculation. The total of your revolving debt makes up about 30% of your credit score. Balances on installment loans don’t have any … [Read more...]

How Accurate Are Credit Score Simulators?

Your loan officer has pulled your credit and your scores are just a little short of where they need to be.  He thinks there are possibilities for an improvement so he runs a “What If Simulator” to see … [Read more...]

Is Being Debt Free a Good Idea?

You’ve sold your home, paid off the car and all your credit cards and even closed most of them. You are completely debt free! This is great…right? Well, not when it comes to your credit score. Believe … [Read more...]

A New and Dangerous Form of Identity Theft

“Synthetic Identity Theft” now makes up 80% of all ID thefts in the country at this time. Never heard of it? A lot of people haven’t. What is it? A thief takes one piece of your true identity (usually … [Read more...]