One of the most misunderstood facts about FICO scores is that most consumers think they only have 3…one for each bureau. The fact is that a consumer actually has dozens of FICO scores. With the rollout of FICO 09 a consumer now has approximately 65 different FICO scores. That can sound a bit overwhelming but … Read more
It is tax time once again and Advantage Credit, Inc. wants you to be prepared! With the start of a new filing season there are always a couple of items that need to be addressed, important reminders and dates to keep in mind. • The Transcript Delivery System (TDS) for Tax Return Transcripts and Record … Read more
When it comes to making payments on your credit cards there can be a lot of questions. Is it OK to just make the minimum payment? Should you pay it off every month? Is there a better time during the month to make a payment? How and when you make your credit card payments can … Read more
We all know FICO scores can be incredibly confusing to say the least. It seems there are always more questions than answers. How are they calculated? Why do they vary? What makes them change? I could go on and on. But what about those score factors/reasons you see when a lender pulls your credit report? … Read more
Most people have cell phone bills, utility bills, rent payments,etc. While the majority of these do not report to the bureaus they can still affect your credit score if you become delinquent on them. Once you are past due on any of these items after a certain amount of time, they will be turned over … Read more
It’s getting to be that time of year again when the weather is colder and the days shorter; pretty soon everything will be decorated in twinkle lights and gingerbread men. The holidays are right around the corner and whether you like to get your holiday shopping done early or are someone who is at the … Read more
101st Annual Convention & Expo Advantage Credit, Inc. will be attending the MBA’s Annual Convention and Expo at the Mandalay Bay in Las Vegas Nevada from October 19th through the 22nd. Please stop by our booth #544 to say hello to the team! Let us show you how we can help you grow your business, … Read more
Representative Maxine Waters, the top Democrat on the House Financial Services Committee has proposed a new bill titled “Fair Credit Reporting Improvement Act of 2014”. The Fair Credit Reporting Act (FCRA) has been in existence for 44 years with the last changes to it happening in 2003. If passed, this bill could have an overwhelming … Read more
A presentation of the Did You Know Series Did you know that charged off accounts are still collectible? The majority of consumers do not fully understand exactly what a charged off account is. The assumption is that once an account is charged off it is no longer collectible and should have no balance. Unfortunately, this … Read more
Most people have a lot of questions surrounding the usage of credit cards. Should you have one? How many should you have? Should you have major credit cards or department store credit cards or both? How much should you use them? Should you pay them off every month? The list goes on and on… Credit … Read more