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Can I Get A Higher FICO Score If I Have A One Percent Debt to Limit Ratio On...
“John, I’ve read on the Internet that if you have a 1% debt to credit limit ratio you’ll have a higher FICO score than if you have $0 balances on all of your credit cards. This sounds crazy to me so I...
View ArticleHow Early In Life Can I Have A Credit Report?
“John, I’m 16 years old and I’m already very interested in credit and you won’t guess why. My parents have terrible credit and I want to make sure I don’t follow! I know I’m only 16 but how early can...
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How Much Credit is Too Much Credit?
“John, I am wondering how much credit is the right amount and how much is too much? Is there a simple answer to that question?” No, there isn’t a simple answer to that question. There is no “right”...
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Per CFPB, If You Furnish Information To The Credit Bureaus You Better Perform...
Today the CFPB (Consumer Financial Protection Bureau) put companies that provide information to the credit bureaus (“data furnishers”) on notice that when the receive a dispute from the consumer or via...
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Should I care which credit bureau the lender uses when I apply for credit??
“John, I’ve read articles where you use the term “strategic shopping” to describe choosing lenders that use the credit report where you have the highest FICO or VantageScore credit score. Can you...
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What Happens to My Credit When I Move Outside The United States?
“John, my husband has taken a new job overseas and I think we’ll be there for at least 3 years. We’re both 32 years and have about 10 years of credit experience under our belts. What’s going to happen...
View ArticleHow Many Points Are Credit Inquiries Worth in Your Credit Score?
“John, I read online that each inquiry lowers your credit score by 3 to 5 points. Is that true? I’ve also seen 12 points and I’ve seen zero points. Why are there so many different answers to the...
View ArticleWhat is Your Identity Worth?
You. Taking charge of your financial life begins with knowing your net worth. Of course, the higher that value, the better off you are. The straight forward way of calculating your net worth is the sum...
View ArticleBuying, Renting, or Failure to Launch
What’s on your mind? Many people often find themselves at a financial crossroad. You might have graduated college recently, and after working for the last few years, must decide what to save up for in...
View ArticleShopping for Credit
Cheers to a New Job! A scenario we witness very often in our society goes something like this: you get a new job or a pay raise and everything changes. With the first paycheck you move to a new...
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