Weekly Credit Links: Why Your Three Credit Scores Vary
by Dan on May 25, 2012
A Few Reasons Why Your Three Credit Scores Vary So Much (Charge Responsibly Blog)
First, to explain why credit scores vary so much, one must know what they are. A credit score, better known as a FICO score is a three digit number money lenders use to determine your credit risk. It assumes previous credit history, current credit balance and standing, and available credit and projects future risk for money lenders to easily and quickly assess. Each lender applies this number in their own way. How they associate that number toward your credit worthiness depends on their internal processes and procedures but the higher the score, the more likely consumers are to obtain credit.
But unlike FICO credit scores, general credit scores are also provided by the three main credit bureaus. These credit bureaus are Experian, TransUnion, and Equifax. Each one of these bureaus has a different scoring method that includes not only your FICO score, but a score that offers different information about you.
Pay Your Mortgage With a Credit Card Via ChargeSmart (My Money Blog)
ChargeSmart is a bill payment service that allows you to pay many bills with a credit card that usually don’t accept such payments, including mortgages, auto loan, student loans, and utilities. Only participating vendors are eligible, but they seem to have signed up several large companies including Bank of America/Chase/Wells Fargo mortgages, Sallie Mae student loans, and Ally Financial auto loans. In general, it works with all Visa, MasterCard, and Discover branded cards.
The Ultimate Guide to Credit Card Concierge Services (Gen X Finance)
Have you ever wanted someone else to take over some of your more complicated responsibilities? Long gone are the days when you would have a butler to take care of everyday needs. Nowadays, if you have certain credit cards, you can simply call your credit card company and have them do quite a variety of different tasks for you. To find the best company, you can also check out credit card tools like CreditCardChaser.com.
Credit card concierge service has been around for some time. The first company to incorporate this service was American Express. Visa and Mastercard slowly followed after.
770 to 670 – Rebuilding a Credit Score After Divorce (Credit.com)
It’s difficult to pinpoint exactly what caused your score to decrease over the two year period as a lot of different activity could have taken place that had an impact.
Based on the information you shared, it appears there have been substantial changes regarding your revolving credit. There have been a number of accounts closed, and quite a few opened, at the same time. The build up of a lot of credit will have a negative impact on the score, as well as changes in your revolving utilization.
Are Cash Back Credit Cards Better Than Travel Credit Cards? (Card Wisdom)
For those who aspire to travel internationally in business or first class, there can be no better value than a properly chosen travel rewards card. For others who are unwilling to risk their reward program returns on the limited possibility of receiving their expected travel rewards, cash back card offer a reliable alternative. Finally, there are many people who simply do not wish to use their credit card rewards for any kind of travel expenses. Whichever type of rewards that cardholders decide to earn, they should closely evaluate their card choices to ensure that they receive the highest value for each dollar spent.