Does after 7 years debt erased? A question I get too often. The answer is NO. Debts never go away. People simply confuse between Credit Reporting Time Frame and the Statute Of Limitations (SOL), which are completely different. Credit Reporting …
There’s a difference between your normal/classic FICO Score, and the score car dealers graded you when you apply for car loan. Auto Loan Credit Scores were developed by Fair Isaac (the same company that developed the classic FICO) especially for …
While the average Fico score in the United States is 634, the score between states can vary considerably. Here is the distribution of the Average US Fico Scores by state and age, as of 11/1/2015. Because the average credit score …
The terms bucketing and rebucketing refers different credit categories and the way Fico formula evaluate consumers’ credit scores. You may have expected that that Fico would evaluate people solely on the basis of their credit file, but this is not …