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28 September 2009
If you're planning to apply for a mortgage, either to purchase a home or refinance your existing home loan, you're probably concerned about your credit score.While a good credit score is important, a lot of people worry about it needlessly.
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25 August 2009
A new credit scoring model, called FICO 08, is finally on the verge of being adopted by lenders.If you're thinking about taking out a mortgage, getting a new credit card or taking out any other kind of consumer debt, it could affect you.
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11 August 2009
*CHAPTER: 1 Introduction to Credit Scoring* Your credit score is a numerical value that reflects how well you've managed your credit over the last seven to 10 years.Lenders use your score to help them decide how risky you are as a borrower.
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28 May 2009
If there's anything to be learned from the financial crisis of the past year, it's that good credit is essential for good loans.If you have bad credit, improving your score is the best way to get a mortgage refinance.
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26 December 2008
Finally, the feds may have made a strong move to start thawing the credit markets.The FDIC's TLGP is giving financial institutions the power to raise cash by issuing low-risk debt securities.
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8 November 2008
Banks may be denying more small business loan applications, but company owners still have options.An up-and-coming solution for business financing gives entrepreneurs an alternative to adjustable-rate credit card debt.
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17 August 2008
What's the truth about bad credit scores? You can alter them, even when your access to credit is limited.
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26 April 2008
A common fear is that multiple inquiries on your credit report will lower your score.That's partially true, based on who's doing the inquiring.If you're shopping for a car or home loan, inquiries won't lower your score.
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