FICO

How Are A Vantage Score And A FICO Score Different?

Different consumer credit organizations utilize VantageScore and FICO scores, two credit scoring algorithms, to determine a person’s creditworthiness and capacity to repay a loan. While there are some similarities between the systems, there are also some fundamental distinctions that mean not all credit data is treated similarly. As a result, the ratings from each model …

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Inquiries Aren’t a Major Factor in Your Credit Score

Credit inquiries, in general, do not have a significant impact on your credit score. There are two kinds of inquiries: hard and soft. A soft inquiry is when someone does a credit check on you for reasons other than giving you money. Soft inquiries occur when a utility provider evaluates whether they want a security …

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Five Major Issues You May Encounter While Fixing Your Credit

Many people who begin the process of repairing their credit eventually encounter one or more problems that, if not properly resolved, might make things worse. Here are the top 5 difficulties you’ll probably run into during the credit restoration procedure. 1. The Target Is Missed By Most Dispute Letter Templates Both the FCRA and the …

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4 Ways To Remove a Judgment From Your Credit Report

4 Options for Getting a Judgment Removed From Your Credit Report You have four options for attempting to remove judgments from your credit record. We recommend that you attempt these strategies in the order that we have listed them since we have ordered them based on their efficacy. 1. Seek court approval. Your credit report …

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The Three Major Credit Bureaus Are Taking Steps To Improve Your Credit Score.

The majority of your medical debt will no longer affect your credit score as of July 1. You’ll still have to pay it back. In a news release, Michael Pieciak, commissioner of the Vermont Department of Financial Regulation, lauded the big adjustment on medical debt by the three main credit reporting companies — Equifax, Experian, …

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