Who Keeps Track of My Credit?
August 12, 2010 by Eleanor
Filed under About Scores and Credit
A credit report is an accounting of your credit history, and although it’s a bit confusing, Einstein did NOT make the system up! Your credit report records: Payment histories and amount of time accounts are open. Request for credit (inquires), Results of legal proceedings and personal data (like where you live and tax collections) There [...]
150 Moving Parts
May 6, 2008 by Eleanor
Filed under About Scores and Credit, Disputes
Your credit score has upwards of 150 different components. It is a mathematical model and though it is considered a “black box,” with few of the actual details made public, we do know the most common elements: Length of time at your current residence and whether you rent or own. Because of this, often times [...]
The Top Score Killers
March 8, 2008 by Eleanor
Filed under Score Strategies
If you are looking for ways to improve your credit scores… you definately want to avoid any of these actions: 1. Paying Late: Logic tells us that the best credit scores go to those who pay their bills on time. The fact is, 35% of your credit score comes from your RECENT credit history. Paying [...]