Comments on Saving to Inve$t: Breaking Down and Improving your FICO Credit Score...

Its nice to have some information on my fico. Give...

2009-08-29T01:53:36.148-04:00

Its nice to have some information on my fico. Gives me insight on how it works and what must be don to improve it.

A lot of people spend a lot of time concentrating ...

2009-08-25T13:31:49.930-04:00

A lot of people spend a lot of time concentrating on what goes into their credit score, but it’s at least equally as important to know what's not in your credit score. If you’re trying to raise your credit score you don't want to waste your time on doing things or stopping things that have no affect. All of our time is more valuable than that.

I think the part that most people don't realize is that being in a credit counseling program has no negative effect. Debt management programs as well have no negative impact. A debt settlement program on the other hand will have a negative effect, simply because for that program to function your payments have to lapse. I think a lot of people shy away from debt management though out of unfounded fear of credit score impact.

Feel free to check out my post on what factors are NOT in your credit score at... http://www.thedebtgazette.com/2009/08/not-in-your-credit-score/

I once asked for my FICO score and I was so happy ...

2009-08-25T05:50:11.850-04:00

I once asked for my FICO score and I was so happy because I was on the Top Shelf Score range. Then after 3 years, from Top Shelf I was down to Middle of the pack with a score of 720. Though I was able to get a loan, it concerned me a lot on how my score got so low. I found the answer on your post, I have four late bill payments. I was surprised to know that though late payments are paid, they stayed on the credit report and really affected my score. Lesson learned. Thank you. You have a great post.

Thanks for sharing such great info, it will surely...

2009-07-01T04:53:03.389-04:00

Thanks for sharing such great info, it will surely help many people who want detailed info about this.

Thanks for the info - more consumers need to be ed...

2009-04-10T10:54:00.000-04:00

Thanks for the info - more consumers need to be educated about credit repair.

Fair Isaac (FICO) has not yet published how much t...

2009-03-22T11:34:00.000-04:00

Fair Isaac (FICO) has not yet published how much the new model weghts account balances.

Excellent post but did you know that with the new ...

2009-03-22T11:32:00.000-04:00

Excellent post but did you know that with the new version of FICo that was just release (FICO 08) the value of account balances is now more than 30% of your score!
:)
Matt