Archive of posts filed under the Credit Report category.

Understanding Mortgage Credit Scores

Your credit report is separate from your credit score, though the score is developed from the report. In addition to viewing credit reports from the three major reporting bureaus, you also should obtain your FICO score. Your score is like a report card. Fair Isaac & Co. (the FICO score keeper) assigns you a number […]

Understanding Hard Inquiries on your Equifax Credit Report

Equifax explains in detail the importance of understanding hard inquiries on your credit report.             As we’ve written about previously on the Equifax Finance Blog, some consumers are reluctant to check their credit report because they are concerned that doing so may impact their credit score. While pulling your credit […]

Beyond credit scores: factors that affect a loan application

U.S. News Report: When it comes to good finances, credit scores get a lot of press. Based on a formula incorporating loan and repayment history, credit scores are often touted as the reason someone gets approved for a credit card, auto loan or mortgage – or denied one. However, some financial experts say the role […]

How many have great credit?

            People with great credit are sometimes described as the credit elite, but it may not be as difficult to join that group as you think. Roughly 20% of consumers with credit reports at at least one of the major credit reporting agencies fall into the top tier of credit […]

The Importance of Good Credit

          Realtor.com recently wrote an article on how important it is to maintain good credit. Here are some tips: It’s easy to fall in love with the idea of buying a home. You’ve got it all planned out: a five-bedroom home in your favorite neighborhood with a manicured lawn and—why not?—a nice […]

Financial Housekeeping

While spring is often the time that most people look for houses with the intent to buy, fall and winter are the best time to plan a purchase and determine if you are financially fit to be a homeowner. With interest rates remaining low, home prices in Canada have been rising consistently since 2009. As […]

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ABC’s of Credit

              If you want to take advantage of today’s low interest rates, you must qualify for your rates with attractive credit scores. High credit scores are earned through on-time credit payments, carefully managing debt, and keeping accounts in good standing, among other means. Back in the 1980s, The Fair […]

Fall Back Into Good Financial Behavior

          Start over Every year at back-to-school time, there are ads for notebooks, fancy pens and backpacks. Even if you don’t have children, the fall season brings to mind stacks of blank paper, waiting for you to write your story….or re-write it! Are you financially off-track and your money goals are […]

Tips to Consider Before Buying a Vacation Home

                  It’s all about location It’s important to think through why you are purchasing a vacation home. How do you plan to use it? Is it a place for your loved ones to gather on a regular basis, or only once a year? If you’d like to […]