from MintLife Personal Finance News & Advice
 
These days, many of us are doing some serious head scratching when it comes to credit scores, partly because there is a lot of false information swirling around. Read on as credit score myths are debunked, leaving you with the “real deal” credit information you need when purchasing a [...]

from CNN Money Personal Finance
 
Antoine Perretta, a 21-year-old University of Denver student, regularly pays off his three credit cards, to build up his credit score. He’s working toward getting an affordable loan to buy a car, a used black Audi.
 

from Moneywatch Personal Finance
 
One possible reason he’s just not that into you: Your weak credit score. A new survey finds couples thinking a lot about credit scores and money issues.
 

from CNN On The Money
 
A recent Bloomberg article “Unintended Consequences of Mortgage Modifications: Falling Credit Scores” addresses a topic that deserves serious follow up. The article accurately identifies that loan modifications could damage your FICO credit scores, if they are reported to the credit bureaus using the new reporting guidelines set up by the credit [...]

An excessive number of new accounts (accounts opened within the last year) or inquiries may indicate that a consumer is desperate for credit, which may be reflective of a credit problem. Too many new accounts can weigh against your credit score. Numerous inquiries may be considered a threat to a lender because they may indicate [...]

Another reason why you should consider closing unnecessary charge accounts is because revolving debt weighs heavier against your credit score than installment loan debt. Installment loan debt is debt that credit grantors underwrite (review for approval) each time a consumer requests an extension of credit. It is considered to be more regulated and consumers are [...]

When you voluntarily close an account, the creditor is responsible for reporting it to the credit bureau and it should be documented on your credit report as “closed by consumer.” The fact that you took the initiative in closing the account is an indication that you understand how to maintain reasonable use of credit and [...]