The ways to improve credit, Anatomy of FICO score, the credit reporting agency In school, you were always told about things going on in your permanent record. The only permanent record you have as an adult is your credit score. However, your credit score does follow you around everywhere you Read more…
How credit bureaus perform Credit bureaus perform the most difficult task of collecting credit information. There is no perfect way of doing this because of human error, identity theft, or the unalterable nature of the credit reporting system. Due to this, bureaus may store ‘inaccurate, misleading, or biased information about Read more…
Cryptocurrency and No Credit Check Loans – Circumventing They System All-Together! For those who haven’t caught on, Cryptocurrency has the promise to potentially turn the banking system on its ear. Since 2009, the BitCoins market emerged along with BlockChain technologies. From then it’s a starting of ushere in a new Read more…
Piggyback Hack to Boost Score – Sometimes 100+ Points! Piggybacking is probably one of the most underutilized effective ways of boosting your score tremendously with little effort or time. So this one hidden credit score hack can literally skyrocket your credit score by 100 points. This is called piggybacking. It’s Read more…
If you don’t pay a creditor, they can sue you in your county’s superior court. If they win this case, they may be able to garnish your wages, but you won’t go to jail. Because debtor’s prisons are illegal. If you want to know more, You can search court records for Read more…
Game the System with This Powerful Trick Only spending six percent of your available credit makes it difficult to gain credit increases from your credit card companies. Because they’re not going to raise your limits on a card you never use. So, I use this powerful life hack to boost Read more…
Now we get to the fun part, where I’ll teach you the magic number credit agencies really want you to carry in debt and why. So Optimize Your Debt Ratio and Game the System with This Powerful Trick. Your FICO credit score is calculated using the following formula: 35 percent payment history Read more…
Debt collectors can be a pain but it doesn’t take superpowers to stand up to them. Because of the 30-day window given by the FDCPA for debt validation, it’s also important that you don’t validate who you are for collection calls or letters. This way they have no proof they Read more…
Know the credit scoring model There is two widely used credit scoring model used in the USA, namely Fair Isaac Corp’s FICO and Vantage scoring model. Both models range between 300 and 850 – the higher the score, the better. The average FICO score in the United States is currently Read more…
Fix Your Credit with These FCRA Loopholes We’ve discussed collection laws, but how creditors treat your credit report is also regulated by federal law, specifically the Fair Credit Reporting Act. There are three important sections of the FCRA that can help you clean up your credit: Sections 604, 609, and Read more…