Category: FICO score
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.

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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.

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Automakers Finance Offer Free FICO Scores to Borrowers

The latest program from both Hyundai and Kia is certainly a step in the right direction by offering free, updated FICO scores to borrowers. Unfortunately for most credit-challenged car buyers, not only is its focus too narrow, what’s left unsaid is the minimum credit score or profile required to qualify for it.

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TransUnion Reports a Rise on Quarterly and Yearly Basis for Auto Loan Delinquencies

The third quarter 2013 auto loan delinquency rate has officially been released by TransUnion, which shows an increase in balances and number of financing opportunities to subprime borrowers.

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Common Mistakes that Ruin your Credit Score

Credit scores are a complicated but important part of our adult life, and it’s likely that there is more that goes into determining those scores than you think. If you’re not careful you could harm yourself in more ways than you’re aware of.

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How Credit Report Inquiries Affect Your FICO Score

We all know that the best practice to taking out a loan is to compare multiple offers against each other, but will that many inquiries on your credit hurt your scores?

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Why Your Credit Scores May Differ

We continue to be surprised by the fact that quite a few borrowers with damaged credit still don’t understand why the credit scores used by car dealers often aren’t the same as the one they think they have.

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