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Ever wonder why there are so many different types of credit scores?

Billy Alt - Wednesday, November 08, 2017
BECAUSE IT’S BIG BUSINESS… Credit score formulas are highly complex and are closely guarded industry secrets, but they all do the same: predict the likelihood of you paying back a debtor on or ahead of time. FICO Score - There are 49 different FICO scores, each with different calculations. FICO scores range between 350 and 850, with 850 being a perfect credit score. All of the versions of the FICO score use your credit files from each of the major credit r ..

WHY YOU SHOULD NEVER, EVER DISPUTE NEGATIVE ITEMS ONLINE

Billy Alt - Monday, March 06, 2017
Why you should NEVER DISPUTE ONLINE Did you know that when you dispute information on your credit report online, you are giving up your consumer rights and one of the most effective dispute strategies available? The “BIG 3” credit reporting agencies have turned the online dispute process into what some say is now their #1 profit center, since the introduction of E-OSCAR in 2009. They charge the creditors for the accounts you question during the di ..

Your Credit Mix determines 10% of the FICO Score

Billy Alt - Friday, May 13, 2016
FICO FACTS from Billy Alt, President 700 Credit Repair- Your Credit Mix determines 10% of the FICO Score FICO Scores will consider your mix of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans. It's not necessary to have one of each, and it's not a good idea to open credit accounts you don’t intend to use. The credit mix usually won’t be a key factor in determining ..

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