You’ve seen the ads, “Get your credit score now” “Instantly get your credit score” and so on.  Buyer beware! Not all credit scores are created equal.  Fair Issac and Company set the standard for the credit scoring model that we use in the United States.  Most lenders will use the FICO score to determine your credit worthiness.

In an attempt to compete with FICO the big three credit reporting agencies, TransUnion, Equifax, and Experian have come up with their own scores. On the surface this does not sound like a bad idea.  But, here’s the rub.  Many lenders only use the true FICO score.  So, the score most consumers buy is worthless.

I have many clients come to me not understanding why when they pull their credit they have a different score than what the lender has. Typically this is because the client bought the wrong score.  True FICO scores can be purchased from myfico.com .

I urge my clients to concentrate not on their credit score, but on managing their credit. I urge them to pay their bills on time, keep revolving credit balances  low or at  zero dollars, and do not open unnecessary lines of credit.  Unless you are looking to purchase a home, auto, or need to take out additional credit,  you do not need your credit score.

Tags: banking, budget, credit, Credit Education, credit score, Credit Scoring, credit tip, debt collection, dominate your destiny, Empowerment, FICO, FICO.credit, finance, savings, Wealth

According to FICO the creator of our current credit scoring model, maxing out credit cards can reduce you credit score by as much as 45 points.

Tags: credit, Credit Education, Credit Scoring, credit tip, Empowerment, Fair Credit Reporting Act, Fair Debt Collection Practices Act, FICO, FICO score, finance, home purchase, money, Money Tips, Wealth

Today Victoria and Jeff was joined by Author, Motivator, Divine Inspirational Speaker, Dr. CJ Koen.  Today’s scripture is: “For I know the plans I have for you, “declares the LORD,” plans to prosper you, and not to harm you, plans to give you hope and a future.” Jeremiah 29:11 (NIV)

We had a blessed wonderful time today with Ms CJ Koen on BlogTalkRadio,  Below are a few nuggets from today’s show.

• Prosperity  is not your economic situation but your heart situation.
• God wants us to prosper.
• God does not give us spirit of fear, but of power, love , and of sound mind. 2 Timothy 1:7
• God knows what is coming down the road.
• When God gives you something he gives you peace with it. (Psalm 29:11)
• God knows what is best for us. People want to buy a home, but may not be financially, or emotionally ready to purchase that home.
• Seek God’s wisdom before making major decisions.
• God wants us to have plenty of  joy.
• Money is not evil. The LOVE of money is evil. (1 Timothy 6:10) Listen to how Ms CJ breaks down the truth.

Click here to download today’s show and get all of the golden nuggets from today’s show.

For more information about Ms. CJ Koen visit her on the web at mscjandyou. Follow her on twitter @mscjandyou. Join her on facebook,   Listen to Ms CJ Koen on BlogTalkRadio, Her show is uplifting and inspirational.

Tags: credit, Credit Education, Empowerment, finance, Inspiration, Life, Money Tips, Wealth