You pay your bills on time and your credit score still drops — here are 3 myths that explain why

Here's the trap: Your card issuer reports your balance to the bureaus on your statement closing date, not your payment due ...
WTVD

New FICO credit scoring changes: What to do now to avoid negative credit later

NEW YORK -- It may soon be harder for many of us to get loans and open new credit. FICO, the system which calculates credit for roughly 110 million Americans, is changing the way it assigns scores, ...

What is the highest credit score you can get?

What does it take to get the perfect 850 FICO score? We looked at one credit report to see components make up that number on ...
National Mortgage Professional

Newrez Pilot Offers Early Test Case As GSEs Open Door To VantageScore 4.0, FICO 10T

A batch of loans originated by Newrez and delivered to Freddie Mac is providing one of the first real-world examples of how ...
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Single missed payment can trigger major credit score drop

A single late payment can significantly damage your credit score, with drops often exceeding 100 points depending on severity and prior history. Payment history remains the most heavily weighted ...

First-of-Its-Kind Independent Study Finds FICO® Score 10T the Most Predictive Credit Score for Mortgage Lending

New white paper by Milliman shows FICO Score 10T outperforms VantageScore 4.0 on all mortgage types, including GSE and FHA ...