High Credit Scores Don’t Always Have Benefits
33 year old financial planner, Jeff Rose has been trying to enhance his credit rating even though it currently stands at 780 which are 69 points above average. Rose lives in Illinois and has recently acquired a second credit card in the past year as a way of boosting his credit score. Rose has said [...]
Do Credit Scores Work?
Rest assured that lenders are asking the same questions about credit scores. After all, they want some assurance that the tools they’re using are actually doing what they’re designed to do. In fact, they track performance pretty closely because their business depends on it. You’ve heard that a FICO score of 700 in past is [...]
Bad Timing: More Employers Do Credit Checks As More Consumer Credit Scores Fall
This is bad timing considering consumer credit scores have been reportedly sinking to new lows. 25.5% of consumers—nearly 43.4 million people—have a credit score of 599 or below. That means 1 in 4 consumers are considered poor credit borrowers and don’t have the credit to qualify for most loans and credit cards due to stricter [...]