News — credit score

It is crucial to choose the proper specialist for each activity or significant decision you need help with and this is certainly the same with credit counseling – choosing the ideal counselor may result in lots of extra benefits that could be weighed in “gold” to you personally! A certain time can come in everyone’s life when seriously indebted he cannot manage the credit card charges, home mortgages, loans anymore by on his own. In case you know how to flawlessly handle the payments, you’ll be given a fantastic credit rating, otherwise you’ll present a low credit score that will...

In the olden days, our credit worthiness was based on a method of “good faith” and a handshake. Those days are long gone. The “good faith”/handshake method has been replaced by an elusive 3-digit code known as our FICO score. Our FICO score is determined by various factors and depending on where you land on this spectrum (spectrum being a scale ranging from 300-850), it can have a positive or negative impact on our buying power. In the initial phases, our credit score was used when it came time to buying a house or a car or getting a loan...