The Fair Isaac Corporation Lending money is a risky business for moneylenders. But risk is also the cost of doing business. To hedge bets in deciding whether to issue a loan, the FICO Credit Score was adopted nationwide in 1989 as the standard gauge for a potential debtor’s creditworthiness. In the days before credit scoring, […]
A FICO credit score is built upon several different categories. By knowing what a FICO score is, you can best figure out how to build your credit score quickly. One quick method involves someone with an established credit line being willing to authorize a new-to-credit person be added to already-established credit cards. If this simple […]
As a recent college graduate, I’ve learned countless ways to save and manage my money over the four years. For most, college is a great learning experience where students have very little income and lots of expenses all while having to build their financial foundation. There is no better time to practice good money habits than during this exciting and formative period in life.
We all know a credit score is essential when it comes to applying for a credit card, an auto loan, or a mortgage. When a company or a lender checks your credit report, they may be getting it from one or more of the three major agencies – Equifax, Experian, or TransUnion. In addition to […]
Whether you’re jetting off to your next vacation during the holidays or if you’re planning for a trip, using your credit card’s incredible travel benefits can actually save you a lot of money. DECU’s Visa® Signature Credit Card offers you a premium card experience. The money saving benefits our Visa card provides can certainly make […]
Opening a store credit card can provide many perks and discounts that could save you money immediately. However, in the long run, it can also be a source of stress and a damper on your credit scores. Whenever you find yourself asking, “Should I open a store credit card?”, remember to also ask yourself these […]
Are you looking to improve your credit score? Achieving a perfect score is certainly something for which to aspire, but it’s actually not that necessary. Just 1.5% of scorable U.S. consumers earn a perfect 850 credit score, according to Ethan Dornhelm, VP of Scores & Predictive Analytics at FICO® . Most lenders agree that as […]