Fico score / 4 posts found
What Is A Good Credit Score- 4 Tips to Determine A Good Credit Score
In this video I provide 4 tips to help you determine What Is A Good Credit score. Tip#1 Know what you are looking to obtain the credit for. If you are a first time home buyer the minimum score to have to purchase a home is 620. Between 620 and 640 allows you to obtain small lines of credit under 3,000 dollars. A score of 580-620 gets you into a car in a number of cases. So again know what you are looking to obtain the credit for is tip#1 Tip#2 Know the scoring model used by the creditors you […]
Updates about Credit Karma
In this video gives you 2 updates about Credit Karma Credit Karma now provides the Experian Credit Report. As you may know Experian utilizes the Fico score. However its important to note Credit Karma does not provide your Fico Score even though they provide the Experian and Transunion reports. Secondly you need to be mindful of the dates for Experian and Transunion reports when the alarms go off about a negative action. I have found in a number of occasions as a credit counselor clients who called in about debts seen on Credit Karma that were over 7 years old. In most […]
Why A Debt Settlement Is A Bad Choice
In this video I give you 4 reasons to avoid Debt Settlement and Credit Card Settlement.. #1 A Debt Settlement ruins Your Credit Report # 2 If you settle on debt they will send you a 1099 for the difference. # 3 Credit Runs the world this is a fact. So when obtaining a debt settlement it paints a negative picture in the mind of the creditors you want to do business with. A debt settlement will also definitely hamper your chances for obtaining more credit in the future. #4 The debts you settle on could be sold and then […]
Credit Karma
In this video I examine the popular consumer credit report site Credit Karma . Now from the on start let me say Credit Karma is a fast easy place to pull your credit report.. However, there are 2 factors you need to know when you use Credit Karma. #1 Credit Karma gives the Vantage score not the Fico score. The Fico score is what most creditors use to determine if they are going to extend you credit for a line of credit or credit card. #2 Credit Karma at the time of doing this video used the Experian and Transunion […]