Sep 08 2010
FICO Fact
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.
Tag Archive 'FICO score'
Aug 17 2010
Today’s Credit Tip
Lenders often check your FICO score before deciding to lend you money. Consequently, when you check your credit report, you may see that inquiry listed.
Whether an inquiry affects your FICO score depends on several factors, such as the type of credit you applied for and the number of inquiries you already initiated within the past year.
For example, your score will ignore mortgage, auto, and student loan inquiries made in the 30 days prior to scoring.