U.S. credit scores reach record high in 2019

Credit scores in the U.S. are improving, especially among millennials, according to a new analysis by the credit rating agency Experian. The analysis shows that the average FICO score in the U.S. hit a record high of 703 in 2019, while the share of Americans with a score of over 700 hit 59%, the highest

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How to improve your credit rating as fast as possible

Most homebuyers are aware that the higher their credit score is, the more chance they have of obtaining a lower mortgage rate on their home. But maintaining a high credit score isn’t easy, as a single missed payment can quickly cause it to come tumbling down. “Depending on your credit history, a 15- or 20-point

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New UltraFICO credit scoring model promises to extend credit access to millions

Experian, FICO and Fincity are touting a new credit scoring model they say can increase access to credit for millions of U.S. citizens. UltraFICO, as the new model is known, takes into account more than just the information reported to the three main credit scoring agencies, Experian, Equifax and TransUnion. It also looks at consumer’s

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Experian study reveals most millennials won’t qualify for a mortgage

The majority of millennials are struggling with their credit scores, and less than half of them are considered to have a prime or better score, which would make them eligible for a mortgage.

Some consumers could see their credit scores jump higher

Consumers with low credit scores could soon have something to cheer about with the news that the three major credit reporting agencies in the U.S. are to implement policy changes that could lift their scores.

Cozy lets renters build good credit scores simply by paying the rent on time

Online property management platform Cozy has announced a collaboration with Experian to help renters build their credit histories by paying their rent.

America For Rent: Citizens in Joint Tenancy

A story yesterday by CNBC’s Diana Olick got my attention initially because of the title; “Home Buyers Are Back, but Where Are the Houses?” In that article Olick talks about the Spring housing market, and about how house inventories are staggeringly low given all the variables. With the raw number of homes for sale its lowest in over a decade, the question “Where are all the houses?” certainly is a curiosity. Let’s take a look.

How Credit Scores Work and Ways to Improve Yours

As credit has become more easily available in our society, your credit report, and subsequently your credit rating, has become more important in your every day life. Your credit rating affects all aspects of your finances when it comes to borrowing money, especially when it concerns real estate.

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