Time and Credit

When you are trying to increase your credit score – TIME is a big factor.  How long has it been since you missed a payment.  For Car Loans and Mortgage Loans – that number MUST be 12.  Meaning you have NO LATE PAYMENTS in the last 12 months. Right now this is the most important [...]

Does The Balance On Your Account Matter?

I recently read a report that said: “Several of my clients are in the credit restoration business and a recent conference call with some of the heavy hitters in the business revealed an astonishing new update to how the FICO score is computed. Balance management – that is the practice of getting the “balance to [...]

How Much Does Bad Credit Cost You?

We saw this recently and thought it was an accurate dipiction of the fact that scores under 720 hurt you in the pocketbook these days! When arriving at your score, the credit scoring system analyzes various elements of your current credit situation, including your debts, payment history, and credit types. It’s important to note that [...]

FICO and Bankruptcy Help

This is good news! The following news story was released by Realtor.com and the Wall Street Journal: Court Mandates Credit File Cleanup A recent court decision requires the three major credit-reporting bureaus – Experian Group Ltd., Equifax Inc., and TransUnion LLC – to clean up the credit files of consumers who have filed for Chapter 7 [...]

How to Build Your Credit Back

I found it interesting that our local radio station was talking about budgets and credit this week.  In the morning show, one of the host said, “you know how I remember to pay my bills?  I pay them when someone calls me.”  Bad answer, dude… and this guy is 33 years old! If you’re paying [...]

Low Credit Scores and Insurance

Are you pooped – just thinking about all the reasons your credit score is costing you money? Here’s another one!  Did you know that you don’t just have a credit score – you also have an INSURANCE SCORE? Insurance is purchsed to protect you against the kind of big expenses that could otherwise wipe out [...]

There Are Few Quick Fixes

There are tons of SCAM companies out there telling you that they can help you fix your credit scores – quickly.  Well – if it walks like a duck… and quacks like a duck… might be that duck is takin’ something out of your pocket!!!  YIKES! Some folks would have you believe that they can [...]