Tag Archive: Credit Score

How To Get Free Credit Reports And Scores (2017 Update)

Your credit report and credit score are the determinant factors in getting approved for a credit card, therefore it』s quite necessary for cardholders to pay close attention to these items. How can you access them for free? The first thing you need to know is, there are three official credit bureaus in the US: Experian, Equifax and TransUnion. Once a bank receives an…
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Credit Score Influence of High Utilization on One Single Card and Statement Balance on Many Cards

Recently I conduct a small test about credit scores focusing on the two following points: It is often said that credit scores will be reduced if your many credit cards all have statement balance. Is it true? If the answer is yes, how much influence is it? How much influence should High Utilization Ratio of one single card make? The…
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New Student Special: Boosting Your Credit Score by Paying Correctly

Because a good habit to manage a credit card is so important to improve credit score that we decide to write another post nagging the correct way to increase credit score though you』ve known the general knowledge of credit cards! According to what decides FICO score, we are going to analyze the factors on by one and tell you how…
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New Student Special: Introduction to FICO Credit Score Model

In the previous post we showed the general concepts of credit score and credit history and specifically mentioned that FICO credit score was most authentic important to you. This post is going to figure out how is FICO credit score calculated. Overview The most widely used FICO model is FICO 8 in which the percentages of the credit score are listed blow:…
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New Student Special: Brief Introduction to Credit Score and Credit Report

It』s a commonplace but a unavoidable topic. I tried to help you digest the most important concepts through this post. The specific questions about credit score calculation will be answered at the next article! Briefly, it is: Credit Score = Credit Report + Score Calculation Model Credit report is, haha, a snitch recorded by the banker on your credit history….
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Does Credit Limit Increase Needs a Hard Pull (2015.6 Updated)

Credit Limit Increase (CLI) can make normal spending more smoothly, and by indirectly decreasing the utilization, you might improve your credit score because of this. Some banks, however, pull the credit report from one of the credit bureaus when you request a CLI, it’s called Hard Pull (HP), which is somewhat harmful to your credit history. So it』s necessary to figure out which…
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