Sunday, July 27, 2008
Black women and Marriage
Wednesday, July 23, 2008
CREDIT REPAIR COMPANIES
Tuesday, July 22, 2008
Negotiating with Creditors
GET OUT OF DEBT
Sunday, July 20, 2008
HOW DOES BAD CREDIT HAPPEN
Saturday, July 19, 2008
Does our life revolve around food?
What is FICO
- They range from 300-850, higher is better
- Higer scores mean lower interest rates
- Scores calculated based on the following categories:
Payment history - 35%
Amounts owed - 30%
Length of credit history - 15%
New credit - 10%
Types of credit used - 10%
4. The median FICO score in the U.S. is 723
It is very important to use your credit responsibly in order to raise your score. Paying your bills ON TIME is foremost and important!!! When you do use your charge cards keep your balances low, high debt can affect your score. Also, do not apply for a lot of new accounts, which could rack up inquiries on your report. This has also affected scores as well. We have to be more informed and aware of our credit score and what's in our report. You can order your credit report once yearly. This is a good habit to get in and it's free! This is basic info that everyone should know to help in the long run.