Credit Score Range

History of FICO Credit Score It used to be that lenders had a problem determine consumer behavior. It was difficult to determine the borrower who will be able to pay off a loan and one who cannot. The Fair Isaac Corporation started evaluating consumer behavior in 1956; they used information from the credit reporting bureaus. … Continue reading “Credit Score Range”

Rapid Rescoring

Your credit score largely determines the rate you will pay for your credit facilities. The lower your credit score, the higher the interest rate you will pay on your credit facilities. Unfortunately, it takes a lot of time for you to see an update on your credit report. Most times, people who intend to get … Continue reading “Rapid Rescoring”

Mobile Banking

Technology has made everything convenient. It has reduced the time used in doing certain things making it easier for people to do things. Technology has been employed in every aspect of our lives. Every industry has seen its fair share of technological advancement. The banking industry is no different. Technology has made a lot of … Continue reading “Mobile Banking”

Different Types of Credit

How Does Applying for Different Types of Credit Affect Your Credit Score? Applying for a loan or credit and making payments on time is one of the ways you can use to improve your credit score. But this is not the only option available to people who want to have an attractive credit score-the type … Continue reading “Different Types of Credit”

Low Credit Score Mortgage

The Best Low Credit Score Mortgage in 2019 Credit scores play a major role in the financial world, and especially when it comes to applying for a loan. If you have a high credit score, there are higher chances that you will qualify for loans from different lenders, and you will also be lucky enough … Continue reading “Low Credit Score Mortgage”