Comments on: Credit Repair Tips To Improve FICO Scores http://blog.budgetpulse.com/2008/12/03/credit-repair-tips-to-improve-fico-scores/ Personal Financial Management Tue, 16 Mar 2010 11:01:57 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Alexwebmaster http://blog.budgetpulse.com/2008/12/03/credit-repair-tips-to-improve-fico-scores/comment-page-1/#comment-1018 Alexwebmaster Tue, 03 Mar 2009 14:03:54 +0000 http://blog.budgetpulse.com/?p=114#comment-1018 Hello webmaster I would like to share with you a link to your site write me here preonrelt@mail.ru Hello webmaster
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]]> By: Chris Rocks http://blog.budgetpulse.com/2008/12/03/credit-repair-tips-to-improve-fico-scores/comment-page-1/#comment-761 Chris Rocks Wed, 03 Dec 2008 20:40:03 +0000 http://blog.budgetpulse.com/?p=114#comment-761 FICO - yes, the actual algorithm used to calculate FICO scores is proprietary and unknown. Fair Isaac makes some general information available (e.g. 35% of your score is based on payment history), your credit report will outline which factors are having the biggest impact on your score, and those professionals that work with 100's and 1000's of credit reports begin to get a feel for what works, what doesn't, as well as the general impact of various things... FICO – yes, the actual algorithm used to calculate FICO scores is proprietary and unknown. Fair Isaac makes some general information available (e.g. 35% of your score is based on payment history), your credit report will outline which factors are having the biggest impact on your score, and those professionals that work with 100’s and 1000’s of credit reports begin to get a feel for what works, what doesn’t, as well as the general impact of various things…

]]> By: Craig http://blog.budgetpulse.com/2008/12/03/credit-repair-tips-to-improve-fico-scores/comment-page-1/#comment-760 Craig Wed, 03 Dec 2008 20:35:13 +0000 http://blog.budgetpulse.com/?p=114#comment-760 @chris I agree, in these times every little bit helps, especially with your FICO score. You are right that it could mean the difference in loan fees and interest payments. @chris

I agree, in these times every little bit helps, especially with your FICO score. You are right that it could mean the difference in loan fees and interest payments.

]]> By: FICO http://blog.budgetpulse.com/2008/12/03/credit-repair-tips-to-improve-fico-scores/comment-page-1/#comment-759 FICO Wed, 03 Dec 2008 19:41:15 +0000 http://blog.budgetpulse.com/?p=114#comment-759 Isn't the actual calculation for your FICO score unknown? Isn’t the actual calculation for your FICO score unknown?

]]> By: Chris Rocks http://blog.budgetpulse.com/2008/12/03/credit-repair-tips-to-improve-fico-scores/comment-page-1/#comment-758 Chris Rocks Wed, 03 Dec 2008 19:27:21 +0000 http://blog.budgetpulse.com/?p=114#comment-758 The post mentioned a jump in score from 720 to 740 won't get you better terms and not to waste your time trying. That may have been true 12-24 months ago -- but isn't the case anymore. The difference between a 739 score and 740 could be the difference in thousands of dollars in loan fees or interest payments for certain borrowers. The bar continues to be raised and consumers must be vigilant in maintaining and improving their scores whenever possible. The post mentioned a jump in score from 720 to 740 won’t get you better terms and not to waste your time trying.

That may have been true 12-24 months ago — but isn’t the case anymore. The difference between a 739 score and 740 could be the difference in thousands of dollars in loan fees or interest payments for certain borrowers.

The bar continues to be raised and consumers must be vigilant in maintaining and improving their scores whenever possible.

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