10 Facts You Might Not Know About Your Credit Score
News from Benzinga:

It’s probably the most important number in your financial life. However, most people don’t know theirs.

The number is your FICO score, also known as your credit score. Developed by Fair Isaac Corporation (NYSE: FICO), the number is based on points assigned to each of five categories: credit history, payment history, accounts owed, types of credit used and new credit.

The score ranges from 300 to 900 with most people falling between 500 and 700. The higher the score, the better.

Here are 10 things you probably did not know about the number:

  1. When you pay a credit bureau or other company for your score, you may not be getting your FICO score. You may get an “educational score,” one based on your credit activity but not the one lenders see. You can purchase your FICO score on MyFico.com.
  2. Each of the three major reporting agencies, continues on Benzinga

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Ten Tips About Mortgages and Refinancing in 2013
News from Fox Business:

If you’ve been sitting on the sidelines, waiting for the best time to refinance or get a mortgage to buy a home, think of 2013 as your last chance to act.

With good credit, persistence and some shopping skills, you can still snag phenomenal deals this year — even if you are underwater on your loan.

Here are 10 mortgage tips to help you with your mortgage decisions in 2013.

Tip 1: Stop procrastinating and refinance

If you haven’t refinanced recently, you’re probably paying a higher interest rate on your mortgage than you should. Take advantage of today’s record-low mortgage rates while they last. Rates are expected to remain low during the first few months of the year, but they should gradually increase. When they do, many borrowers will regret having missed the opportunity to grab the lowest mortgage rate in history.

Tip 2: Buyers, get moving

With rates near the bottom and home prices on the rise, it’s still a perfect time to buy a house. If you can afford a home and qualify for a mortgage, this may be your last chance to take advantage of the market and own a home for less. To speed up the homebuying process, get a mortgage preapproval before you start shopping.

Tip 3: Compare FHA vs. conventional loans

Many homebuyers opt for a Federal Housing Administration mo…………… continues on Fox Business

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How to improve your credit rating: The facts and myths about getting the best …
News from Mirror.co.uk:


Tough times mean banks are getting meaner and stricter about who they are prepared to lend to.

It’s more vital than ever that you check your credit record, understand what affects your credit score and then get it as squeaky clean as possible. That will give you a fighting chance of getting that mortgage, loan or credit card – and at the very best rate.

Lenders use credit reports to help them decide who to dole out cash to and at what price. You need to show you’re a safe bet or you’ll pay way over the odds in interest.

There are lots of mistaken beliefs about how credit reports work and what affects them.

Research by CreditExpert shows eight out of 10 of us believe that being unsuccessful with one lender will harm how others score you. While a ‘footprint’ of lenders’ searches is recorded, the fact that they declined you credit is not. But if you rapidly apply elsewhere, too many footprints will set alarm bells ringing that you are in financial difficulty.

Around a quarter of people believe that missing a mortgage or credit card payment will not have an impact on their c…………… continues on Mirror.co.uk

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Be smarter about your credit score
News from Bradenton Herald:

With the downturn in the economy during the past several years, Americans in general seem to have become more informed about credit scores, but most still don’t know enough about the risks associated with having a low score and those outfits alleging to offer “credit repair” services.

Most consumers seem to know these basic facts about credit scores. Mortgage lenders and credit card issuers use credit scores. Other service providers like landlords, home insurers, and cell phone companies also use credit scores to determine your eligibility for services.

Missed payments, personal bankruptcy, and high credit card balances influence credit scores.

There are three main credit bureaus (Experian, Equifax, and TransUnion) that collect the information frequently used to calculate credit scores.

Consumers can have more than one generic credit score, depending on the scoring model used.

Making all loan payments on time, keeping credit card balances under 25 percent of credit limits, and not opening several credit card accounts at once can help raise a low score or maintain a high one.

It is very important for consumers to check the accuracy of their credit reports at the three main credit bureaus.

To test your credit report knowledge, go to http://www.creditscorequiz.org.

But some consumers still incorrectly believe that cr…………… continues on Bradenton Herald

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Walmart, American Express Card To Launch As Alternative To Debit And …
News from Huffington Post:

BENTONVILLE, Ark. — Wal-Mart Stores and American Express are teaming up on a reloadable prepaid card for shoppers.

The two companies said Monday that Bluebird, which began during a pilot program late last year, will have no minimum balance and no monthly, annual or overdraft fees. They say that the only fees that will be associated with the card will be transparent and within the user’s control, such as out of network ATM withdrawals by consumers that don’t have direct deposit.

Wal-Mart Stores Inc. and American Express Co. view the card as an alternative to debit and checking accounts that will help consumers better manage and control their finances. The companies say Bluebird was bui…………… continues on Huffington Post

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Credit Score Blueprint: Tips, Tricks and Secrets to Building a Perfect Credit Score
Surveys show that 52% of Americans do not understand how credit scores work. And of those who have a general knowledge of credit s…
BestCredit: How to Win the Credit Game, 2nd Edition
Written by a former debt collector, this credit repair book covers many aspects of credit restoration, including how to legally re…

7 things worth knowing about reward credit cards
News from The News Journal:

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New What’s A Good Credit Score Site Provides Informative Articles, Tips About …
News from MENAFN.COM:

(MENAFN Press) September 13, 2012- Riverside, CA — The Whats a Good Credit Score?? site at httpwww.whatsa-goodcreditscore.com has been launched. By visiting the site, readers can learn a lot about credit scores – what they how, what they measure, what’s a good credit score range and this is important.

Most people learn about the relevance and importance of credit scores only after graduating from high school, when they start dealing with things Find out whats a good credit score at Whatsa-GoodCreditScore.com that are related to credit, such as credit cards, applying for apartment rentals, and make bigger purchases that require loans, such as houses or cars. A lot of information and facts is gathered up over time through real life experience over time. The site promises to help their readers jump start this learning curve by providing informative articles that are easy to read and digest.

According to a company statement, the whatsa-goodcreditscore.com site has been started as a one-stop resource for people who like to learn more about credit scores, what they mean and how it could impact them. The basic idea of a credit score being a 3 digit number that measures the credit worthiness of a person is simple.

However, understanding what scores are considered good, what factors can affect one’s credit rating, and how to impr…………… continues on MENAFN.COM

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WATCH: Three Crucial Things To Know About Your Credit Score, From Alexa …
News from Huffington Post:

When Alexa Von Tobel, Founder & CEO, LearnVest.com, joined me on Mondays With Marlo, she filled me in on three crucial ways to keep your credit score in top shape.

For more fantastic financial advice, see Alexa’s personal finance tips:

Loading Slideshow
  • Know Your Numbers

    It’s very important that you know the most important numbers: your income, expenses, and credit score. You check your credit score for free at <a href=”www.creditkarma.com” target=”_hplink”>www.creditkarma.com</a>.

    A credit score is the only grade that matters after you leave the education system, and it follow you forever. If you have a good score, you’ll be able to borrow for things like buying a home or starting a business at much lower interest rate, which can save you hundreds of thousand of dollars.

  • Shrink Your Cable Bill

    There are many smart ways to minimize your cable bill. There’s a great site, called <a href=”http://www.billshrink.com”>billshrink.com</a>, where you can enter how much your bill is and they’ll show you…………… continues on Huffington Post

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Tips for creating credit history
News from GoErie.com:

Establishing a credit history is harder than it used to be — lenders are being extra cautious with new applicants. If you’re applying for credit for the first time, here are some tips from the National Foundation for Credit Counseling:

– Start slowly. Applying for too much credit at once can send the wrong signal to the lender, making it appear that you are desperate for credit.

– Co-signer. If you have been denied credit, see if a parent or other relative will come aboard as a co-signer. Just remember, if you don’t make payments on time, you can damage the co-signer’s credit.

– Three. You’ll need at least three lines of credit, or else your file will be considered too thin for the all-important credit score.

– Variety. The credit score algorithm likes to see different kinds of accounts. So don’t apply just for credit cards.

– Secured credit card. To get this kind of card, you put money in an account with an issuing bank and get a credit line for the same amount.

— from wire reports

…………… continues on GoErie.com
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Consumers clueless about credit scores
News from Fin24:

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Members want probe into Discovery fee

Jul 10 2012 08:31

Discovery Health Medical Scheme members are demanding an independent review of the administrative fees paid to the company, according to a report.

Bank chiefs have worst…………… continues on Fin24

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The Truth About How Medical Debt Really Impacts Your Credit Score
News from Business Insider:


It’s high time to explore the impact of medical debt on consumer credit…………… continues on Business Insider

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3 Reasons to Start Caring About Your Credit Score Rating
News from Go Banking Rates:

In this game called Life, one number seems to rule over all of us: Our credit score rating. It does not matter if you are 16 or 63, you are most likely dependent on your credit score for a variety of different reasons.

Building the best credit score possible is the key to financial success and freedom, while a bad credit score only adds more troubles to your financial situation. So if you haven’t given much though to your own credit score rating, here are three major reasons why you should start caring about credit:

#1. The best credit score often gets the job.

Not every potential employer runs a credit check prior to offering a job, but many do, especially if the job you’re going after is involved with the government.

For example, the government may have an opening for an IT/computer engineer. In order to do that job, the person must have a Top Secret clearance level, which can be gained through a background check of one’s…………… continues on Go Banking Rates

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Servers’ Fluctuating Tips Make Financial Planning Difficult
News from Houston Chronicle:

RoadFish.com men’s lifestyle and finance magazine today encouraged its readers to dig deep into pockets and leave good tips when they dine out, after reading an alarming report that servers’ sub-minimum wage has not increased in 21 years

Detroit, MI (PRWEB) May 24, 2012

RoadFish.com men’s lifestyle and finance magazine was shocked to read an article highlighting a waitress’s financial struggle with her less-than-minimum-wage earnings at the restaurant she works at in Detroit. The article pointed out that most servers are still being paid the same sub-minimum wage for tipped workers which has not increased since 1991, which in Michigan is $ 2.65 an hour but in many other states is still as little as $ 2.13 per hour.

Sharon Johnson of Forbes reported that Moldavian-born Zhanneta Dunder, a 41-year-old single mother, works full-time at a Detroit family-style restaurant and makes around $ 300 per week……………. continues on Houston Chronicle

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Your Credit Score: How to Improve the 3-Digit Number That Shapes Your Financial Future (4th Edition) (Liz Pulliam Weston)
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How to Raise Your Credit Scores 25 to 100 Points in 48 Hours, Guaranteed! (Debt Free Forever: Payoff All Your Credit Cards Without Increasing Your Income Or Getting A Second Job)
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