Does Canceling A Credit Card Hurt Your Credit Score?
Sunday, March 7th, 2010
FICO officials answers whether canceling a credit card hurt your credit score?
Duration : 0:2:32
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Posts Tagged ‘fico’
CREDIT SCORE BOOST 150 POINTS IN 45 DAYS.avi
Tuesday, February 23rd, 2010
Credit increase by 150 – 200 points in 45 days. This is a proven system that i have researched for 12 months, and used my own funds to enter my clients into the program.
credit score improve credit score credit scores banking credit rating credit bad credit
Duration : 0:4:13
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Improve Credit History
Wednesday, February 17th, 2010
http://www.ImproveCreditHistory.Net/ Learn tips and hints involved in credit repair to improve credit history and scores.
Duration : 0:6:26
Credit Repair – Waterfield Credit on the Radio Part 2
Thursday, February 4th, 2010
Waterfield Credit helps Joe Pippen “Ask An Attorney” About Credit Reports and other credit facts. Clients call in on a monthly basis for help in this highly confusing arena, where so little is known. Teaching people how to fix credit and repair their own credit reports. This is not a funny video. Millions of people are Ranking this video, The Top video on youtube because credit is very important! How do you fix your own credit? www.waterfieldcredit.com or www.eatmydebt.com check them out. Call Drew and his company today to get your life on track. Understanding why souja boy and rihanna love waterfield credit is simple. There are so many benifits to understanding mtv music videos and how to get codes on guitar hero.
Duration : 0:9:19
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ICB Trade Lines – Piggyback Credit Increases FICO Score
Thursday, February 4th, 2010
Fair Isaac Corp., the company responsible for FICO credit scores, has decided that when it unveils a new version of its credit score system in September, it will close the loophole that allowed piggybacking.
Angry proponents of piggybacking say they’ll organize a grass-roots campaign to fight against the change.
With piggybacking, a consumer with poor credit is placed as authorized user on the credit card of a person with a stellar credit history. Authorized users benefit from having the payment history of the primary cardholders show up on their credit reports, thereby improving their credit scores.
Lenders have complained that it is fraud and distorts the credit score system.
Internet companies have created an industry by playing middleman — paying a small sum to those with good credit to take on those with bad credit as authorized users, then collecting healthy fees from those consumers.
Now one of those Web-based firms has threatened to organize an effort to expose problems in the credit scoring system.
“Our very existence (proves) that the FICO system is so flawed,” says John Coates, spokesman for Instant Credit Builders based in Largo, Fla.
Fair Isaac says that starting in September it will ignore authorized users as it calculates the renowned FICO credit score.
“Fair Isaac has become aware that Web-based services are using authorized trade lines to defraud lenders,” says Craig Watts, spokesman for Fair Isaac. “While we work with the financial services industry on an industry solution, we wanted to protect lenders and FICO scores.”
The FICO credit score is used by lenders to assess risk in lending money. Lenders factor this number, which can range from 300 to 850, in credit decisions. Watts says 90 percent of the largest U.S. banks base their loan decisions on FICO credit scores.
Watts says the change will prevent people from misleading lenders about their true credit risk.
Coates argues the system can’t be easily changed.
“Maybe our system can definitely show you, OK, there seems like there’s a loophole and there are flaws that increase the score. You know what? There are also a zillion flaws that decrease the people’s scores.”
He says Instant Credit Builders plans to bring to light every flaw in the credit scoring system.
“We are building a community of people that are going to stand up. We will petition against it and we are actually going to formulate plans to work together as a grassroots effort to actually create a financial revolution,” he says.
Those who rent credit histories won’t be the only ones suffering a loss. Often parents will attempt to give their children a jump-start on a good or improved credit history, and they’ll be taking a hit as well.
Duration : 0:3:7
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Credit Repair That Works! Waterfield Credit
Thursday, January 28th, 2010
Waterfield Credit – America’s most trusted credit repair company, was on Channel 8 NBC in Tampa FL. Teaching people how to fix credit and repair their own credit reports. This is not a funny video. Millions of people are Ranking this video, The Top video on youtube because credit is very important! How do you fix your own credit? www.waterfieldcredit.com or www.eatmydebt.com check them out. Call Drew and his company today to get your life on track. Gayle is a very attractive woman. Understanding why souja boy and rihanna love waterfield credit is simple. There are so many benifits to understanding mtv music videos and how to get codes on guitar hero.
Duration : 0:1:45
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Does it hurt your FICO® score if you go to credit counseling?
Thursday, January 28th, 2010
Going to credit counseling doesnt hurt your FICO® score — as long as the agency pays your bills on time! Find out more in this video, where Darcy Sullivan and Craig Watts answer one of your questions about FICO® scores.
Duration : 0:2:24
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Credit Score Secrets Revealed
Tuesday, December 22nd, 2009
In Willy Wonka and the Chocolate Factory, the eccentric chocolatier opened the doors to his magical realm so the public could get a peak at the mysteries within. At the request of financial columnist Liz Pulliam Weston, the equally mysterious creator of the formula used to derive your credit score FICO – shared some of its secrets. While we have known what negatively impacts our scores (late payments, maxed out cards, and so on), we did not know just how much our scores would decrease for such actions now we do. Join Thomas Fox as he discusses the numerical impact of negative actions upon credit scores.
Duration : 0:5:13
Credit Q&A: Does Paying Debt Raise My Score?
Thursday, December 3rd, 2009
bluepointfinancialhttp://gdata.youtube.com/feeds/api/users/bluepointfinancialPeopleBPF, Payoff, Raise, FICOCredit Q&A: Does Paying Debt Raise My Score?
Duration : 0:1:46
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Improving your credit score
Thursday, December 3rd, 2009
Follow these steps to improve your credit score in months instead of years.
Duration : 0:1:43
