How Does Your Amount of Available Credit Affect Your Credit Score?

How much credit you have available is a considerable element in your FICO score. As you can see from Home Loan Credit Score, all of 30% of your score is related to how much outstanding debt you have, in contrast to to how much credit you have open . Having under 50% of your available credit open can have negative results on your credit score. It’s smart to try and keep 75% available credit, which appears to be low risk behavior and can bring up your credit Read more [...]

What You Need to Know About Fixing Your Credit

Make Sure You Get Your "Real" Scores! Many lending institutions use scores calculated by FICO (also known as Fair Isaac) and measured out of the information in your reports with the primary national credit bureaus Equifax, Experian, and TransUnion. Keep in mind that  the credit scores sold at, TrueCredit, CreditExpert, and other mainstream credit report monitoring websites provide different scores than the ones that lenders use! Too many of these offers Read more [...]