In a win for credit bureaus and debt collectors, medical debt will be allowed to stay on your credit report after all.

Key takeaways A lower credit score doesn’t necessarily mean a lender will deny you a home equity loan. It does mean the loan ...

Federal Housing Finance Agency director Bill Pulte announced that lenders may start using VantageScore, a rival to the Fair Isaac Corporation, the company behind the widely recognized FICO score, to ...

First, a brief explanation of a FICO credit score. The three-digit number reflects a person’s credit worthiness and debt default risk. Scores range from 300 to 850, with 850 being perfect credit ...

The regulator of Fannie Mae and Freddie Mac wants to allow mortgage lenders to use an alternative credit score to FICO for ...

It is often emphasised by the experts that individuals should check their credit score on a regular basis in order to spot the mistakes if they arise ...

Credit scores don’t matter unless you’re trying to get a loan, rent an apartment, secure insurance, buy a home, avoid paying a deposit to utility companies, or even land some jobs. OK. Unless ...

Credit scores directly affect debt consolidation rates and the cost of consolidating debt. Evaluate your credit score and potential savings before refinancing debt.