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Piggybacking is not long for this world. Fair Isaac Corp. has announced that within nine months the algorithm, they use to arrive at FICO scores will be changed. The new formula will virtually eliminate the effectiveness of piggybacking.
Presently an authorized user on someone else’s account benefits from the payment history of that user on […]
According to Edward Jamison, founder of CreditCRM.com which is one of the leading credit repair websites on the net, the demand for credit repair services has risen by over 33 percent over the last 60 days. It is generally believed that this is in response to tighter mortgage loan qualifying standards brought on by […]
Considering how critical one’s FICO score is to our lives today, it’s amazing how little people know about what exactly makes up this all-important figure. We will describe some of these facts in the following.
Firstly, the FICO score ranges from 300 to 850. The higher your score the better risk creditors will consider you […]
A bankruptcy on your credit record does not spell the end of the world. It is not as hard as one may think to get your credit on the mend following a bankruptcy. This article at the Credit Repair 4 Dummies main page will give you tremendously helpful tips on how to bring your […]
Consumers with below average credit scores are able to short-cut the credit rebuilding process, which is normally quite lengthy, by an increasingly popular method known as piggybacking. Basically, under this practice someone with poor credit can be added on as an additional user on a credit card owned by someone with exceptional credit. It […]
Credit history
This article will describe with the general concept of credit history, for detailed information about the same topic in the United States see Credit score (United States).
Credit history is, in many countries, a record of an individual’s or a company’s past borrowing and repaying history, including information about late payments collection activities and […]
About Credit Scoring
Most anyone who has obtained a home mortgage in the past 5 years or so has heard about credit scoring. How many of you have been told “your scores are great”, or “if your score were 10 points higher, your rate would be better by 1/4 point”? Probably most of you.
We in […]
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