Tag: FICO Score

How Is Having No Credit History The Same As Having Bad Credit?

It can be tough to get approved for a loan or credit card if you don’t have any credit history. Many people think that this is the same as having bad credit, but this isn’t always the case. Having no credit history can be worse than having bad credit. Lenders see you as a riskier […]

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What Is A Good Credit Score And Why Does It Matter?

A credit score is a numerical value between 300-850 that someone is assigned to show a potential lender how likely one is to honor their debts. The higher the credit score is, the more trustworthy they appear to the lender. This is also called Creditworthiness in the lending industry. But what is a good credit […]

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What Does Your Credit Score Mean

A credit score is one of the most important numbers that any person ever deals with. This seemingly simple three-digit number tells potential lenders so much about the kind of history that a person has had with their credit in the past. In other words, this score details the actions or inaction that a person […]

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The Difference between Hard and Soft Credit Inquiries

Consumers should be very concerned about their FICO scores because they have an influence on loan qualifications to purchase a home, automobile, insurance policy, phone service, and utility services. High and low FICO scores determine the interest rates applied to a loan once it is approved. What consumers may not know is that every time […]

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