Tag: Credit Score

It’s a Balancing Act: Credit and Debt
Posted on 11/24/2019
It’s a Balancing Act: Credit and Debt
Image by David Pereiras from Shutterstock Your FICO score is a key factor used to determine if you qualify for a mortgage. The Fair Isaac Corporation (FICO) is the creator of the most common credit score used by home loan providers. The algorithm used to create your score is a closely-guarded industry secret. But in general, it factors...
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Factors That Can Affect Your Credit Score
Posted on 09/15/2019
Factors That Can Affect Your Credit Score
A credit score is an essential factor that determines how creditworthy you are and how much interest you should pay on loans. If you have an excellent credit score, you will pay a lower interest rate on loans and credit lines all through your lifetime. Apart from reducing your interest rate, a good credit score helps you save...
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