Credit Education

Credit Education

Playbooks, tactics, and resources — from landing your first client to scaling with a team, compliance, marketing, and AI.

Blog
May 1, 2011 · 2 min read

Do FICO® Scores Confuse HELOCs with Credit Cards?

Credit card utilization, aka “revolving utilization”, is one of the most predictive, andtherefore valuable, measurements in the FICO credit scoring…

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Blog
April 15, 2011 · 2 min read

When is it Okay to Close Your Credit Cards?

The short answer is, never. The longer, and better, answer is that in general it’s not agood idea to close…

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Blog
April 1, 2011 · 2 min read

How Are Credit Scores Built?

I’ve written enough articles about what makes your scores go down to choke a shredder.It’s about time for one about…

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Blog
March 15, 2011 · 2 min read

What is an Adverse Approval?

Until the beginning of 2011 very few people had ever heard or used the phrase “adverseapproval.” The words just don’t…

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Blog
March 1, 2011 · 3 min read

Does a Short Sale Hurt My Credit?

This might have been the question of the year in both 2009 and 2010. Prior to 2009nobody outside the mortgage…

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Blog
February 15, 2011 · 2 min read

Why Closing Credit Card Accounts is a Bad Idea

One of the great myths of credit scoring is that closing unused credit card accounts willhelp to improve your scores.…

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Blog
February 15, 2011 · 2 min read

FICO 101, Basic Credit Scoring Questions

Our FICO credit scores are calculated over 10 billion times each year and used forlending and insurance decisions. In fact,…

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Blog
February 1, 2011 · 2 min read

The ABCs of FICO

A credit bureau based credit risk scoring model, more commonly known as a creditscore, is a numeric representation of your…

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Blog
January 1, 2011 · 2 min read

How Does Information Make it to My Credit Files?

We’ve all requested and reviewed our credit reports and we’re all generally familiarwith what type of information is contained. But,…

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