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Recent Articles
FICO Score 9 and Medical Collections August 21st, 2014 by

The newest FICO scoring model will penalize consumers with medical collections less than it has in the past. But it will take time to be implemented and, in any case, borrowers, especially those with credit issues, should continue to practice the fundamentals of good credit. Continue reading

Bad Credit and Rental Payments August 20th, 2014 by

The new ResidentCredit program from TransUnion is a step in the right direction as it has the potential to help millions of

consumers with problem credit expand their credit history as well as raise their credit scores. We only wish the program embraced all renters – not just those living in complexes with 100 or more units. Continue reading

Limited Credit and FICO Score 09 August 19th, 2014 by

By being able to better judge applicants with past due issues and insufficient information in their credit reports, FICO is taking steps to insure that these consumers will get a better opportunity to obtain credit – a situation that’s particularly relevant to car buyers with poor credit. Continue reading

Collection Accounts and FICO Score 09 August 18th, 2014 by

The newest FICO scoring model will now reward consumers that pay their collection accounts with a higher score. But while it may take time to be implemented; consumers with poor credit should get a head start by beginning the process of paying off their collection accounts, if for no other reason that it is one of the fundamentals of good credit. Continue reading

Best Car Buying Tips for Families on a Budget August 17th, 2014 by

Credit challenged consumers should be on the lookout for used cars with water damage that might soon be flooding the market Continue reading

Auto Loan Survey Reflects Caution August 16th, 2014 by

Although most bank risk managers surveyed see the current level of auto loan delinquencies remaining the same for the next six months, very few see a decline. This indicates a level of caution as well as the possibility that car loans – especially to those with less than perfect credit – may become less readily available. Continue reading

How to Spot a Flood Damaged Car August 15th, 2014 by

Water damage not only lowers a vehicle’s value, it can cause irreparable damage to a car’s body and electrical systems. Car buyers, especially those with problem credit, would do well to follow the tips from AutoTrader to help them avoid buying one of these vehicles. Continue reading

More Good Karma for your Credit August 14th, 2014 by

While it’s still not perfect, one free credit score is better than none at all and it should give borrowers an idea of where they stand, credit-wise. Adding the ability to view credit reports at any time makes an even stronger case for consumers to sign up with Credit Karma. Continue reading

The Ten Cheapest New Cars for August 2014 August 13th, 2014 by

When credit-challenged buyers are given the option of financing a new car, choosing something from this list will enable them to enjoy the benefits of a new car warranty while keeping the payments within their budgets Continue reading

FICO Score 9 to Narrow Credit Score Differences August 12th, 2014 by

Both discrepancies and differences in data can cause consumer’s credit scores to differ from credit bureau to credit bureau. According to FICO, FICO Score 9 should make the credit scores among bureaus more consistent. Continue reading

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