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Credit Reports and Scores

Financial Spring Cleaning: Tips For Tidying Up Your Finances

For many Americans, the onset of spring and fresh air outside means spring cleaning inside. It’s time to swap winter clothes for spring/summer ones and to get rid of the dust and clutter that’s built up over the cold months. Spring also is a great time to put your finances in order and save money in the process.The National Foundation for Credit Counseling (NFCC) suggests the following tips for tidying …Read More

Is Credit Repair Worthwhile or Worthless?

Credit repair signs pop up all over, advertising help for those with bad credit histories starting at just $99.95 per month. Are these services legitimate, or are you being lured into a scam?  Here’s what you need to know.   Some credit repair companies are scams, but not all are illegitimate. The FTC has charged many unscrupulous credit repair organizations with deceptive business practices, forcing such companies to shut down their …Read More

NFCC Examines History of Women and Credit

Women are encouraged to obtain credit in their own name As we recognize Women’s History Month. the National Foundation for Credit Counseling (NFCC) examines the evolution of credit as it relates to women, and encourages women to take advantage of the credit opportunities available to them today to establish credit in their own name. Many young women have never known a time when credit was not available to them, but …Read More

Advice for Cleaning Up Your Credit in the New Year

A new tax year is upon us, and that means it’s time to take full stock of your finances — for better or for worse. Yearly budgets should be evaluated, your wallet of credit cards should be audited, and you should perform your annual credit report checks (which you can do for free once a year through AnnualCreditReport.com.)   Depending on how long it’s been since you did, well, any …Read More

#AskanExpert: Where Should I Get My Credit Score?

Q. I’m seeking a credit score for lease or purchase for property opportunities. I have a credit report that I downloaded in August 2018 but my score was not included. Many in the property business are asking for this. Where should I get my credit score? Dear Reader,   Getting ready to rent or buy a property can be very exciting. Knowing your credit score and what’s on your credit …Read More

What You Need to Know About the UltraFICO Credit Score

Recently, FICO announced a new scoring model that will roll out in 2019 called the UltraFICO. The new model will allow consumers to provide their bank account information to prove they are more creditworthy than they appear.  By opting in, they may have a chance to qualify when they otherwise would not. According to FICO, seven out of ten consumers that show an average savings of $400 without negative balances …Read More

Why Mortgage Credit Scores Are Different Than Consumer Scores

Qualifying credit is a cornerstone of a home loan application. Mortgage lenders use credit scores to help assess a potential homebuyer’s ability to make steady, on-time payments. Given the weight of credit scores in the mortgage market, hopeful homebuyers should absolutely look into their credit before applying for a loan.   We’re fortunate to live in a time when consumers have easy access to their credit scores. Services like Credit …Read More

5 Numbers Every Business Owner Needs to Know by Heart

Numbers dance around business owners’ heads all night long. How much do I need to make payroll this month? When will I run out of inventory this month? What will my tax bill be when April hits?   It’s no surprise that keeping track of those ever-changing numbers is a job unto itself — small business owners are often the CEO, sales department, accounting, marketing, business development, and sole employee …Read More

5 FAQs on How to Improve Your Credit Score

A common question people often ask is, “How can I improve my credit?” Since credit can impact many things, including: employment, down payments, interest rates, utility deposits, and even car insurance, improving your credit can help you in a lot of ways. With all of the information floating around out there, we want to make sure you have all the correct answers to the questions below!   5 Frequently Asked …Read More

NFCC Hosting the #CreditCrew Twitter Chat with Equifax, Experian, and Transunion Thursday, Feb. 15 @ 4PM EST!

Do you have questions about credit reports and credit scores? Join us as we host the #CreditCrew Twitter chat featuring Equifax, Experian and TransUnion on Thursday, February 15th at 4p.m. ET. This chat will cover some of the most commonly asked questions about credit reports and credit scores. For an easy way to follow along and participate click here. Topic:  Credit 101 Host:  The National Foundation for Credit Counseling (NFCC) Questions We’ll Discuss: Q1: What is the difference …Read More