How One Credit Card Issuer Made Decisions: Ability, Stability, and Willingness to Pay
Posted On: October 1, 2009
Lending decisions vary from lender to lender. The purpose of this article is to offer some insight into how I thought about credit card and loan applications while I served as credit analyst for a major credit card issuer.
There is a lot of fuss surrounding FICO scores and credit scores in general. These scores need [...]
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StumbleUponFICO 2008 - Demystifying the Latest Version of the Famed Credit Score (Part 2)
Posted On: March 10, 2009
By Michael Killian, CardRatings.com Reporter
Editor’s Note: This article is the second of a two-part interview with Chris Groppa, Account Supervisor for Fleishman-Hillard, Inc. and Ethan Dornhelm, scoring scientist for Fair Isaac.
Mike: How does FICO®08 differ from what has been the case?
Chris: The primary drivers of the FICO® score remain how consistently bills have been paid [...]
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FICO 2008 - Demystifying the Latest Version of the Famed Credit Score
Posted On: March 6, 2009
By Michael Killian, CardRatings.com Reporter
Editor’s Note: This article is the first of a two-part interview with Chris Groppa, Account Supervisor for Fleishman-Hillard, Inc. and Ethan Dornhelm, scoring scientist for Fair Isaac.
Prior to 1989, credit approval was subjective and time consuming. If an underwriter did not like the color of your hair, you might not be [...]
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Alternative Credit Scores Provide Hope for Millions
Posted On: February 5, 2009
By Rick Shaffer, CardRatings.com Reporter
I would like to share some good news for the estimated 50 million consumers that have no credit rating or a limited credit history. There is now a viable option for establishing credit outside of the traditional avenues. The National Credit Reporting Association (NCRA)–a trade group representing small regional credit agencies–in [...]
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Debunking Myths about Credit Scores- Go Ahead, Pay Off that Credit Card!
Posted On: May 14, 2008
By Amber Stubbs, CardRatings.com Reporter
Lurking among many other credit related myths is the belief that paying off credit cards may cause your credit score to decline. I continue to hear this and other related credit scoring myths from consumers that I interact with on a daily basis. In reality, when you pay off credit [...]
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Variable Rate Credit Cards Expected to Fall in Light of Recent Fed Rate Cuts
Posted On: January 29, 2008
By Jessica Austin, CardRatings.com Public Relations Associate
The Federal Open Market Committee cut short term interest rates again today by one half of a percentage point to 3.0%. The Fed’s rate cut was in response to the economy’s current financial state.
According to the Fed, “The Committee took this action in view of a weakening of the [...]
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Discover Launches New Credit Score Tracking Service
Posted On: December 4, 2007
By Curtis Arnold, Founder of CardRatings.com
Discover Card is now offering comprehensive credit score tracking to its cardholders. Discover’s Credit ScoreTracker, which costs $7.99 a month, sends out alerts when a member’s score changes. It also provides resources to help members understand their scores and to reach target scores that they set themselves.
If you’re a regular [...]
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True Credit Trans Union Credit Card Credit Score
Posted On: March 20, 2007
Author: Robinj41
Posted: Fri Mar 02, 2007 11:41 am
Post subject: True Credit (TransUnion)..Any Problems???
Hello Everyone;
I have question about a company named True Credit (TransUnion)?
I purchased a free Score report for 30 days (canceled) and so far no trouble yet, but I read on another site about a lot of individuals getting rip-off by this company. [...]
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Credit Card Foreign Transaction Fees on the Rise
Posted On: February 22, 2007
By Heshan Demel, Consumer Credit Researcher - CardRatings.com
Foreign exchange fees on credit cards should be of keen interest to those traveling beyond the borders of the United States. Exchange rates offered by credit cards are usually hard to beat. Of equal and perhaps greater importance, however, is the foreign transaction fee that your [...]
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Credit Cards for Credit Score in the 600’s
Posted On: September 26, 2006
Author: ImPulSiVe
Posted: Sat Sep 23, 2006 11:53 pm
Post subject: Got my FICO scores… =\ what cards can I apply for? 600’s
Transunion: 656
Equifax: 666
Experian: 625
=\
Author: novaboy
Posted: Sun Sep 24, 2006 8:50 am
Post subject:
Try Nasa FCU, Capital One, or Household.
Author: Kajjers
Posted: Sun Sep 24, 2006 11:48 am
Post subject:
Go for AmEx / Citi
Author: multiplierx
Posted: Sun [...]
