Data Facts Lending Solutions Blog

What Millennials NEED to know about Mortgages

Posted by Jennifer Hamby

May 20, 2014 10:25:00 PM

A recent study conducted by the Consumer Federation of America and VantageScore Solutions found that 18-34 year-olds are far less informed than all other adult Americans on credit knowledge and understanding.  Only 6% could accurately pick out the factors that actually impact a credit score, and less than half of all millennials have ever even bothered to order a copy of their free credit report.

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Topics: credit checks, credit reports, Millennials, Mortgage, Credit Score, Improve Credit Score, credit cards, credit history, Credit Bureau

8 Ways to Build a GREAT Credit Score

Posted by datafactssolutions

Feb 6, 2014 10:55:00 AM

Establishing a good credit history has never been as important as it is today. It's not just that you'll need good credit to get decent rates when you're ready to buy a home or a car. Your credit history can determine whether you get a good job, a decent apartment or reasonable rates on insurance. One seemingly minor misstep -- a late payment, maxing out your credit cards, applying for too much credit at once -- can haunt you for years. If you're just starting out, you have a once-in-a-lifetime opportunity to build a credit history the right way. Here's what to do, and what to avoid.

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Topics: credit checks, credit reports, Credit Score, credit cards, credit history, Credit Bureau, FICO

Credit Score Health: Common Conditions that can Tank your Score

Posted by datafactssolutions

Oct 31, 2011 9:33:00 AM

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A credit score is a measurement to determine your credit worthiness, and we should all strive to keep ours as HIGH as possible. This means managing our payments, watching our credit card balances, and not frivolously applying for new credit.

However, certain seemingly innocent actions can result in credit score decreases. Do you recognize yourself as having any of these “conditions”?

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Topics: credit checks, Credit Score, Improve Credit Score, credit history, Budget, FICO, Understanding Credit Scores

Pay off your credit card every month? Your credit report may still show a balance

Posted by datafactssolutions

Oct 13, 2011 8:45:00 AM

To all you consumers who pay your credit card balances in full every month; good for you!

Not carrying a balance on a credit card is one of the best financial maneuvers you can make for yourself. This ensures that you won’t rack up expensive finance charges, nor will you find yourself deep in credit card debt.

However...

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Topics: credit checks, credit reports, Credit Score, Improve Credit Score, credit cards, credit history, Credit Bureau, Understanding Credit Scores

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