Archive for the ‘Credit Scores’ Category

Factors That Influence Your FICO Credit Score

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Ever wonder how your credit score is determined? While Fair Isaac (the company responsible for FICO scores) holds the details of their calculation very close to the vest, there are some generalities out there that are good to know. Here’s a quick rundown, as well as an indicaiton of the relative importance of each component:
Payment [...]

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Published on February 11th, 2008 - 2 Comments
Filed under: Credit Card Facts, Credit Scores
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Chase Abandons “Anti-Consumer” Interest Rate Policy

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According to a recent issue of Money Magazine, Chase has discontinued their practice of hiking interest rates if your credit score declines. This move comes on the heels of Citibank’s decisions to voluntarily eliminate their universal default provision. While none of the five major credit card issuers have been officially practicing universal default over recent [...]

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