Hello-
Everyone tells you to check your credit report and credit score every year but not everyone does it. I went ahead and did it last month and was kind of surprised.
I went to annualcreditreport.com and got my free credit report. I paid the $7.95 to get my credit score too.
What I saw [...]
Here’s how a credit score is supposed to work:
A credit score, according to the Web site of a company that sells them,
“is simply a number that represents the likelihood that you will repay
a debt as agreed. Credit scores are calculated using information from
your credit report at the moment it is requested by a lender.”
With a [...]
Fico scores better than VantageScores at least to mortgage lenders
People in the mortgage industry say there’s no chance that home lenders will adopt VantageScore.
They will stick with the FICO score because it has proven to be accurate.
“With billions and billions of pieces of data, it’s becoming more and more refined with each transaction,” says Dan [...]
Here’s a good visual comparison of the differences between the FICO score and the new VantageScore:
VantageScore vs. FICO score
[...]
