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Category Archives: FICO score

What Does My Credit Score Need to Be in Order to Lease?

You’ve noticed that there are some great lease deals out there, so you’re thinking that you might want to try leasing your next car. But you’re wondering just how good your credit needs to be in order to qualify for a lease contract. And while there is a general guideline, it really comes down to the individual discretion of each leasing company. Continue reading

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Ally Financial to Offer Free FICO Scores

The lender formerly known as GMAC has started a pilot program that offers account holders access to their FICO Score Continue reading

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Experian adds FICO Scores

For Experian members, the addition of FICO scores marks the beginning of a series of product enhancements that will take place over the next 18 months Continue reading

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How Do I Help My Child Start Their Credit History?

Naturally, parents want to give their children every advantage possible in life, and a good credit score is no different. But since a good score is something earned and not given, how do you get her started? Continue reading

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Obama Says Check Your FICO Scores

To begin with, knowing your credit scores is important. If you doubt that’s true, just ask the President. Secondly, the FICO Score Open Access program, once it becomes more widely available, could certainly help all consumers – even those with poor credit, as this would allow borrowers to see the same credit score that lenders use to manage their accounts. Continue reading

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FICO Score 9 and Medical Collections

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

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Limited Credit and FICO Score 09

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

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Collection Accounts and FICO Score 09

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

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FICO Score 9 to Narrow Credit Score Differences

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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New FICO Score Could Help Poor Credit Borrowers

The newest FICO score will help borrowers with problem credit in at least three ways. For one, it will lower the impact of

unpaid medical collection accounts. Secondly, it will ignore collection accounts that have been paid. Finally, it will more

accurately assess consumers with limited credit and checkered payment histories. Continue reading

Posted in FICO score |
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