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Archive for the ‘credit’ Category

Alert on Credit Report: Setting up Credit Alerts

Friday, April 18th, 2008

Alert on Credit Report: Setting up Credit Alerts

Did you know you can set “freezes” on your credit account with the credit bureau’s so it can protect you from identity theft,you would set up notification a couple of days ahead of time before new accounts are opened up. You will need to check into how this work with each of the credit bureau’s Equifax, Transunion, and Experian. Also I was looking at Equifax’s website today and noticed something you may like.

Credit Alerts: You can be notified of things such as new credit inquires, New accounts that are created, changes to existing accounts, name change, new bankruptcies or changes to bankruptcies, change of address, new collection accounts or changes to those existing accounts. Changes to suits, liens, judgments on your credit report. You can actually choose dollar amounts for balance increases. You can choose balance % increases. Inactive card activity. You will just need to update your account to say that’s what your preference is. This is a great idea in the world we live in with the threat of identity theft, etc. This is a great way to really be in control.

After you check credit please contact me ron@minnesotainvestors.com and we’ll help you find a property.

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Improve Your Score: What Factors Make up Your Fico Score

Sunday, April 6th, 2008

Improve Your Score: What Factors Make up Your Fico Score

Many often wonder what makes up their credit score. It’s calculated from different data in your credit report. There are 5 categories to focus on. 35% is made up of your payment history. 30% is made up of the amount owed. 15% is made up of your credit history. 10% is made up of new credit. 10% is made up of types of credit. It takes into consideration all of these factors. If someone hasn’t been using any credit for very long then it may be a little different. As a general rule this is how america’s credit score is determined. Their FICO score.

there is more about this like this:

Your score considers both positive and negative information in your credit report.
Late payments will lower your score, but establishing or re-establishing a good track record of making payments on time will raise your FICO credit score.

Your FICO score

please contact me ron@minnesotainvestors.com and we’ll help you find a property.

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