Bad Credit Strategies Part 3: Removing Late Payments

35% of your credit score is made up of your payment history! Lenders want to know how often you paid your credit account on time. This is the most important factor of your score and is designated with a heavier percentage to reflect that. If you have very few accounts reporting monthly payments, 1 lateContinue reading “Bad Credit Strategies Part 3: Removing Late Payments”

Does FICO’s new scoring model affect student loans or mortgages?

You will soon see a change in your credit scores. Expect these changes to go into effect summer 2020. For some, scores will take a dive, while others will rise. The new scoring model does not target people with existing mortgages or student loans. It instead targets your payment habits, with credit cards in particular.Continue reading “Does FICO’s new scoring model affect student loans or mortgages?”