4 Surprising Credit Score Myths

Credit Sore Surprise

Your personal credit score is critically important for accessing credit at favorable terms.  Your credit score directly impacts your ability to finance a car or a mortgage as well as what interest rate you receive.  However many people don’t fully understand how their credit score is calculated and how they can positively impact their credit … Read more

Credit Score Fluctuations

Credit scores fluctuate on a monthly basis in some cases. Do not panic! Your credit score can go up or down for what appears to be no reason at all. There are a lot of changes happening right now with the credit reporting agencies. If you have not made any significant changes and your credit … Read more


Time is your friend and ally when it comes to credit scores. If you are young and just establishing credit, it actually works against you because a large part of your credit score depends on your history of payments. Short history…lower score. The FICO or VantageScore 3.0 system does not start at 850 and decrease … Read more


Ignoring your creditors is the second worst action you can take regarding your credit. Yes, it is an action. You toss their letters in the garbage. You do not answer the phone when they call. You delete their messages. These are all actions. The worst action you can take is to not pay your creditors … Read more

Credit Score Breakdown

In Back to Basics: What’s on my Credit Report, I detailed the types of items on your credit report. As a follow up, let’s breakdown what comprises your credit score. The credit scoring system, whether the credit bureau uses VantageScore 3.0, like TransUnion, or the long standing FICO, places importance on certain factors of your … Read more

Credit Swagger: What is it and Do I want it?

Credit Swagger by my definition is the absolute confidence that you have an excellent credit rating/score.  It’s gained by the knowledge that your score is so good that no banking institution would turn you down for a business loan, car, home, personal loan or credit card.  The higher your score, the greater your swagger.  You … Read more

How To Prevent Yourself From Becoming One Of 11 Million Victims Of Identity Theft

Recently my girlfriend became the victim of identity theft and she wasn’t the only one, in 2013 there were 11,571,900 victims of identity theft (7% of US households were affected) according to the U.S. Department of Justice, Javelin Strategy & Research. We aren’t exactly sure how it happened, but thieves were able to apply for new … Read more