Warning! Read This and You Will Become a Credit Score Expert!

February 27th, 2014 | Author:

Our credit score is very likely the most important number attached to our lives other than our Social Security number. It can determine whether we get a loan or receive other forms of credit, rd, but also if we secure the  apartment we’d like to rent. There is even more tied up in our credit scores than we realize. Even our insurance or utility rates can be affected by our credit score, for better or for worse.

Additionally there are different models of credit score that are used by different creditors. The whole subject of credit histories, scores, and credit reports can be confusing and outright overwhelming for the average consumer. There is the FICO model to consider, and the more recently introduced Vanguard system. Both have quite different rating systems, yet both can dictate whether you receive credit or not.

Many consumers are unaware of what their credit score is, yet alone how it is calculated. The truth is; different models use different criteria to compute a credit score. It is possible you could have a good score with one version, a low score with another. It really can be quite confusing.

There is no longer a need for anyone not to understand the topic of credit scores however, as there is a new EBook available to consumers that takes the mystery out of the credit-related financial system. It is written in clear, easy-to-understand language, with credit and financial terms explained in layman’s language that everyone can comprehend.

Written and compiled by credit score specialist Ethel Wilson, Understanding Credit Scores takes readers through the differences between a credit report, credit history, and credit score, the different types of credit score models such as the Vanguard and FICO scores, and even goes into precise detail about how credit scores are calculated and what consumers can do to repair or increase their credit score.

“This EBook is written for the average consumer,” says Ms. Wilson. “Our goal in publishing it is to help every individual to understand their credit score, how much it affects their life, a better rate on loans and credit cards, and have much better overall financial health.”

Edit: The original post indicated that a better credit score can help you improve your chances of getting a job.  This is incorrect and we apologize for the error.  The fact is that employers use credit reports and not credit scores to filter applicants for certain roles.  The two (credit scores and credit reports) are not the same and this is further explained in the PDF booklet we’ve created.

Free Download Shows You How to Understanding Credit Scores

Newest Answers

Little Things that Have a Big Impact on Your Credit Score

March 3rd, 2015 | Author:
h

t’s often the little things that cause the most headaches. This fact is true in many areas, and it is true for credit scores. You may not be the type of person to go on shopping sprees and run up thousands of dollars on credit cards that you can’t pay. But little mistakes can end […]

Continue Reading »

Are You Responsible For Bills You Don’t Receive?

March 2nd, 2015 | Author:
h

bill notice gets lost in the mail or the issuer forgets to send one out. Now, its 30 days past due and your credit took a hit. A bit hit. Is there anything you can do? You Have Rights You can let the creditor know that you never received a bill and have the late […]

Continue Reading »

Can You Tell a Person’s Credit Score by Dating Him (or Her)?

February 27th, 2015 | Author:
h

You’ve met someone you really like. You start to imagine life with the person long-term. You plan the wedding, the 2.5 kids and even figure the kind of dog – or fish – you will get after you settle down together. How those dreams go will depend a lot on the type of credit rating […]

Continue Reading »

3 Common Questions about Credit Scores

February 26th, 2015 | Author:
h

o matter how much information is available, people still have questions about credit and credit scores. Part of the problem is that some of the information is inaccurate and other times it is just confusing. Here is a look at three of the most common questions asked. 1. Can I Get a Free Copy of […]

Continue Reading »

How Everyday Habits Impact Your Credit

February 25th, 2015 | Author:
h

nless you are trying to buy a new house or car or get a credit card, you may not think much about your credit. Then, you are focused on trying to make improvement quickly. What you may not realize is that your everyday habits have the biggest impact on your credit score. You can make […]

Continue Reading »

Getting More of Your Credit Scores

February 24th, 2015 | Author:
h

f you have been turned down for credit or a loan because of a bad credit score, you know how important that number is. What you may not realize is that you don’t have just one credit score. You have dozens of scores, multiple ones from each credit reporting agency. And those numbers are hard […]

Continue Reading »

When Too Many Credit Scores are Confusing

February 23rd, 2015 | Author:
h

You signed up for a credit monitoring site like Credit Karma that gives you a free credit score. You got a credit card with a company that provides a free score every month. A second credit card company gives you yet another credit score. When none of them are the same, it can be confusing. […]

Continue Reading »