by kathywardteam | Feb 1, 2013 | Revolving/credit card accounts, Scores
We have just seen evidence that some mortgage scoring models prefer a very small balance on at least one credit card. Equifax score rose 9 points when a client added $10 balance to one credit card. Paying your cards to zero every month does boost scores, however...
by kathywardteam | Jan 26, 2013 | Revolving/credit card accounts, Scores
In your credit reports credit card accounts are referred to as ‘revolving credit’. Because your credit score is calculated independent of your income, your use of revolving credit is very important. Keeping your balance 30% or less of your credit limit and paying...
by kathywardteam | May 21, 2012 | Scores
CK, a consumer credit monitoring site, is not accepting new clients. At this time, they continue to provide service to those who signed up prior to about April 1st. RUMOR HAS IT a new online site is being generated to take the place of CK. The middle of June, 2012, we...
by kathywardteam | Dec 29, 2011 | Scores
Every lender has their own computer generated scoring model. Lender A might give more importance to payment history than lender B. Lender B might give more importance to length of credit history than lender C. Etc. And, most lenders now give more importance to...
by kathywardteam | Sep 13, 2011 | Scores
Credit Keeper has an error occurring…they are sending alerts regarding new account activity, usually a collection. However, within the credit report the date collection was opened is not recent. This appears to be a CK computer problem.
by kathywardteam | Sep 12, 2011 | Scores
Sometimes your scores will drop when activity occurs on a derogatory account, such as settling a collection account. However, the scores generally rise above previous level in 30 – 60 days.
