Comments on: Credit Trends: Mortgages and New Credit Cards http://blog.equifax.com/credit/credit-trends-mortgages-and-new-credit-cards/ Tue, 18 Jun 2013 14:43:17 +0000 hourly 1 http://wordpress.org/?v=3.5 By: How Mortgages Can Affect Your Credit Card Application | Atlanta Real Estate Forum http://blog.equifax.com/credit/credit-trends-mortgages-and-new-credit-cards/#comment-644 How Mortgages Can Affect Your Credit Card Application | Atlanta Real Estate Forum Tue, 08 Nov 2011 21:57:24 +0000 http://blog.equifax.com/?p=2523#comment-644 [...] companies according to an article by Janet Dedrick on the Equifax Finance Blog. Her article, “Credit Trends: Mortgages and New Credit Cards”  explains that consumers with mortgages are usually overall lower risks. Other credit trends [...]

]]> By: Bob T. http://blog.equifax.com/credit/credit-trends-mortgages-and-new-credit-cards/#comment-643 Bob T. Sun, 06 Nov 2011 15:23:33 +0000 http://blog.equifax.com/?p=2523#comment-643 I think the credit reporting bureaus deliberately (read: discriminately) keep FICO scores low if you’ve had a foreclosure or short sale. I sold my home in a short sale almost 3 years ago, had over 800 FICO score and have never missed a payment (before or after the short sale), yet despite continuing to reduce the amount of credit I have outstanding my FICO score has not moved up AT ALL.
I paid off a $24,000 vehicle, and an $11,000 mortgage on land, plus reduced the balances by 20% on the only 2 credit cards I have outstanding, yet over the past 3 years, I have not had a single increase in my FICO score. When questioning the credit bureaus, all they will say is that it is determined by a very complex formula and (they love this word) “algorythm”.

Has anyone else experienced this “phenomenon”?

]]> By: alabama bankruptcy http://blog.equifax.com/credit/credit-trends-mortgages-and-new-credit-cards/#comment-642 alabama bankruptcy Fri, 28 Oct 2011 10:25:10 +0000 http://blog.equifax.com/?p=2523#comment-642 Bankruptcy can solve many financial problems- but not everything. Whether or not you are getting a lawyer to help you, you need to know what you are doing in your bankruptcy case so you don’t get burned.
alabama bankruptcy

]]> By: Patti A. Duncan blueyedlayd@gmail.com http://blog.equifax.com/credit/credit-trends-mortgages-and-new-credit-cards/#comment-641 Patti A. Duncan blueyedlayd@gmail.com Tue, 25 Oct 2011 19:57:06 +0000 http://blog.equifax.com/?p=2523#comment-641 where can I find out what my credit score is?

]]> By: Frank http://blog.equifax.com/credit/credit-trends-mortgages-and-new-credit-cards/#comment-640 Frank Tue, 25 Oct 2011 15:28:59 +0000 http://blog.equifax.com/?p=2523#comment-640 If your credit history/score has suffered say from an unavoidable bankrupcy,don’t worry,wait til your insurance score catches up because it’s fixed to feed off your credit score and All your insurance premium will go up.Wow,just when you thought you had gained some ground.With Insurance scores it doesn’t matter if you never had a claim for an accident or on your home.You are now in a High risk group and the sad thing is,there’s not a thing you can do about it.What a country.

]]>