Free Credit Report Repair Guide

BankRate does a good break down of what a credit score is according to FICO. Basically the top score is a 850 and the low is a 300. Average score is 723. 40% of all people have good credit

But when it comes to credit scores, one of the most common versions is the FICO score. “It’s the 800-pound gorilla,” says Craig Watts, public affairs manager with Fair Isaac Corp., the company that pioneered credit scoring and introduced FICO scores about 17 years ago.

A FICO score can range from 300 (very bad) to 850 (very good). The average is about 723, according to Fair Isaac statistics.

Some reassuring news: The majority of consumers have good credit. Forty-five percent of consumers have a score between 700 and 799, and 13 percent score above 800, according to statistics from Fair Isaac.

Just like the SATs, perfect scores are rare. Even though 850 FICO scores do exist, high scores taper off around 825, says Sweet. “You can’t get much better — that’s pretty much walking on water,” she says.

Now for the rest of the population: 27 percent rank above 600, and 13 percent weigh in above 500. Only 2 percent have scores of 500 or below, according to Fair Isaac numbers.

What, exactly, is ‘good’ credit? (Page 1 of 2)

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Great words of wisdom from Dave Ramsey:

Money Mistakes

The best thing to do with your money is common-sense stuff. If you can’t afford something, don’t buy it. Save up money for big purchases and that inevitable rainy day. Live on less than you make. Sadly, most people fall into some common traps and mistakes when dealing with finances.

Here are some of the biggest (and most common) money mistakes. If you don’t make these mistakes, your chances of winning with money will skyrocket.

Thinking of "budget" as a dirty word
Charging purchases instead of paying in cash
Procrastinating on creating an emergency fund

I am a big fan of Ramsey and believe in what he says. for more check out his site. https://www.mytotalmoneymakeover.com/index.cfm?intContentID=5045

Tags: Dave Ramsey, Money Mistakes

So if you don’t sign your credit card its invalid? Well does that mean the purchases are invalid? Does it mean you are breaking the law if you do not sign the card yet go on to buy something? Read this blog post and see what you think.

Sign Your Credit CardIt’s a little known fact that your credit card is actually invalid until it’s signed. Really. Look at the fine print of the agreement that comes along with the card in the mail; it’s also printed on the back of the card. However, most merchants will allow you, or anyone, to use an unsigned card.Signing your card actually helps protect you from fraud since it’s much more difficult to copy your signature than for a thief to simply sign your unsigned card. You can even go one step further and sign the card, and then write “Check ID” next to your signature to request that the merchant also verify the ID of the person using the card.

Sign Your Credit Card

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Chicago, IL (PRWEB) July 17, 2006 — Legal Helpers today released its first article in a series on debt repair. The article, which can be found at http://www.legalhelpers.com/credit-repair/bad-credit-impact.html, serves as an introduction to the issues involving erroneous credit reports. The series is intended to create awareness of a growing issue that concerns every consumer regardless of the current state of their credit. A single error on a credit report could result in an increased point or two of additional interest which could result in hundreds if not thousands of dollars that the consumer should not have had to pay. Legal Helpers will continue the series each week.

Legal Helpers Publishes First Article in Lecture Series on Credit Repair – Yahoo! News

Found this on Yahoo news. It gives a great illistration on the cost of poor credit.

Here is an example of how Credit can effect how much you pay for a car loan:

technorati tags:Bad Credit, Legal Helpers, credit

I try and use every resource available to learn about Credit, Debt, personal finance and building wealth. I really enjoy Yahoo Finance so I was glad to hear they were giving it an update. Head on over and see what’s new…

Yahoo Finance was set to get a face-lift on Monday with new interactive stock charts, improved message boards and business-related video clips from content partners.In addition, Yahoo is offering Internet publishers the ability to easily add a stock chart, quotes and news headlines to their Web site.The new Yahoo Finance beta site features a full-screen application that lets people add events–such as whether a company has had stock splits or dividends–with one click, see competitor charts, click and drag to customize a chart’s time range, and type in specific dates.

Yahoo Finance gets a face-lift | CNET News.com

technorati tags:Yahoo Finance, personal finance