What is Credit Scoring? Credit scoring is a system used by lenders to check the worth of a borrower. It is a system created by giving scores to various attributes …
Credit Scoring – What is Credit Scoring And Does It Work? Read More
The credit limit is the maximum line of credit extended to you by a lender. Your credit limit is included in your card statement or is available through your online …
Credit Limit – Understanding Why My Credit Limit Matters Read More
What is FICO 08? FICO O8 is a credit scoring model from Fair Isaac Corporation used by lenders to know the creditworthiness of a potential borrower. It determines the interest …
FICO O8 – Fair Isaac Corporation Determining Creditworthiness Read More
What is a Credit Rating? A credit rating is a process of trying to know the credit risk of a debtor (an individual, a business, company, or a government), to …
Credit Rating – Analyzing The Credit Risk Of A Prospective Debtor Read More
What is Over-Collateralization? Over-collateralization is when the asset pledged for a debt far exceeds the debt principal. Here, the asset placed as collateral on a loan has a value that …
Over-Collateralization (OC) – Did You Pledge More The Debt Principal? Read More
A FAKO score is any score that is not a FICO score (even though VantageScore is also called by name as well). FAKO score is a play on words, which …
FAKO Score – Understanding What Are FAKO Scores Good For? Read More
That credit cards and lines of credit are available everywhere where you can get them does not mean that your problems are solved. Rather you will only be compounding your …
9 Reasons to Say No to Credit – Don’t Compound Your Problems Read More
Are you a Regions Mortgage customer? Do you know that you can access your home loan details and manage them online through the My Mortgage website? Regions Mortgage website allows …
Regions Mortgage – Monthly Mortgage Payments Online Read More
What is a Transferable Letter of Credit? A transferable letter of credit is a letter where the persons specified in the credit has the option to tell his/her bank to …
Transferable Letter of Credit – How Transferable Letter of Credit Work? Read More
Experian VS Equifax what’s the difference? Experian VS. Equifax is credit bureaus that provide the information needed in calculating credit scores in the form of a credit report. These two …
Experian VS Equifax: What’s the Difference These Credit Bureaus? Read More