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What Makes Up Your FICO Score?

Perhaps the most common question about credit is, "What makes up my FICO Score?"

That may not surprise you since you're reading this article to answer that very question. But what may surprise you is that the question should really be changed to read, "What makes up my FICO Scores?- emphasis on the "s". That's right, you actually have many FICO scores.

Updated by Joshua Heckathorn on Tue, 2016-08-02 17:17

CFPB Proposes New Rules for Debt Collectors

by on July 29, 2016

The Consumer Financial Protection Bureau (CFPB), which aims to protect consumers from unfair, deceptive, or abusive practices in the financial markets, released newly proposed rules for debt collectors on July 27th, 2016. If the proposed reforms are adopted, debt collectors would soon be required to not only tell you if a debt is too old to be collected in court, but they would also be required to stop calling you after six attempts in a week. A lot of consumer advocates are saying "It's about time!"

Ask Creditnet: This Credit Card Isn't Mine - What Should I Do?

July 27th, 2016 by Joshua Heckathorn
Dear Creditnet: I just pulled my credit report and found out I have a credit card for $1,000, but I never applied for this card. What should I do?

House Hunting? Don't Forget About Your CU Ratio

As rates on 30-year fixed mortgages hover around 3.5 percent and home prices in many parts of the country are starting to dramatically rise, it may finally be time to take the plunge and purchase the home you've been saving for all these years.

If you're a first-time buyer that doesn't have to sell an old house before buying the new one, then you may be really excited about finally getting into the game. Those who can quickly qualify for a good mortgage in this lending environment will most likely be patting themselves on the back five or ten years down the road.

Updated by Joshua Heckathorn on Mon, 2016-07-25 15:12

The USAA Secured Card® American Express® Card offer is currently not available from Creditnet.com

However the below card(s) are recommended by Creditnet as a great alternative to the USAA Secured Card® American Express® Card:

Similar Cards We Recommend

USAA Secured Card® American Express® Card

Looking for a Loan? Think Small and Local

The "too-big-to-fail" banks have received billions in taxpayer bailouts, yet purse strings often remain tight.

Updated by Joshua Heckathorn on Fri, 2016-07-15 17:34

The Lucky 7's of Credit: How to Keep Your Credit Score Above 700

July 15th, 2016 by Elisabeth Chan

Lights flashing, adrenaline flowing, the scrolling triple 7's rewarding you with the jackpot of a lifetime; who in the world hasn’t dreamed of striking it big in Vegas? You could finally go on that vacation to paradise, pay off your home, or maybe even help support your family for generations to come. But those lucky 7's don’t have to be confined to Vegas.  In fact, one of the most important 7's you should be shooting for is a credit score of 700 or higher.  It may not reward you with cash jackpot worth millions, but obtaining a credit score above 700 will certainly open the door to more desirable credit cards with rewards, 0% interest credit cards, mortgages, auto loans, and other credit products that will save you thousands in interest during your lifetime. 

Debit vs Credit: A Cage Match

July 13th, 2016 by Joshua Heckathorn

Upon entering the ring, the debit card and the credit card look pretty evenly matched. They are the same size and the same shape. Their functions are also similar: electronically transferring money from one owner to another. But when pitted against each other in a head-to-head match, who will come out on top?

Will Student Loan Rehabilitation Fix My Credit?

Student loan rehabilitation is a process that allows those who have defaulted on federal student loans to make on-time payments for a set period of time in order to rehabilitate their loans and remove any default status from their credit reports. The program basically gives you a second chance to prove you can stay on top of your student loan debt.

Updated by Joshua Heckathorn on Wed, 2016-07-06 16:42

Capital One Spark Miles for Business Review

July 1st, 2016 by Joshua Heckathorn
The Capital One® Venture Rewards Card has been a popular credit card ever since it hit the market years ago with its "100,000 Match Your Miles promotion". While that amazing promo offer didn't last as long as we all would have liked, the card itself continues to be a favorite among travel rewards junkies searching for ways to rack up serious miles.

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