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Warning signs of credit score scams, specifically those targeted at repairing a person's credit, include having to pay in advance, the promise of having negative information deleted and being asked to assume a new credit... More »

www.reference.com Business & Finance Credit & Lending

While credit repair companies do technically work, they cannot legally do anything that a consumer can't do on his own for free. In addition, there are some credit repair companies that are scams and using illegal tactic... More »

www.reference.com Business & Finance Credit & Lending

According to the Federal Trade Commission, most credit repair businesses are scams, and as such they advocate consumers take a "do-it-yourself" approach to credit repair by working with creditors to remove inaccurate inf... More »

www.reference.com Business & Finance Credit & Lending
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Knowing a credit score allows a person to know in advance what the potential is to get a good loan and a favorable interest rate. Also, errors or uncertain items can appear on credit reports, and knowing a score allows a... More »

www.reference.com Business & Finance Credit & Lending

A person's FICO credit score is determined by payment history, amounts owed, length of credit history, new credit and types of credit used. The weight of these factors varies, with payment history accounting for the grea... More »

www.reference.com Business & Finance Credit & Lending

A credit score is a way to measure a person’s credit risk based on factors from their credit history. The most common score used by businesses was developed by the Fair Isaac Company, and it is known as a FICO score. An ... More »

www.reference.com Business & Finance Credit & Lending

According to Broker Outpost, a person can get a mortgage loan with a 520 credit score. Mortgage brokers work face-to-face with the poor credit holder and the lender to sort through credit issues so the credit holder can ... More »

www.reference.com Business & Finance Credit & Lending