Dear Creditnet: I’m currently in the market for a new TV and Best Buy is offering 0% financing for three years.
My question is when you open an account like this, how big of a hit does your FICO score usually take and how long will it take to rebound?
I could easily pay cash for the TV up front, but the “finance” person in me says it’s free money—why not take the terms? More »
Posted By: Joshua Heckathorn | Comments (1)Free FICO Scores Coming Soon!
July 22nd, 2010
There’s a lot of free credit scores floating around the Internet, but as I’ve written about in previous posts, none of them are actually credit scores that matter. Often advertised by the credit bureaus themselves, these scores may give you a rough estimate of where your true FICO scores stand, but that’s about the only purpose they should serve.
If you ever want to know your real FICO credit scores, the ones the vast majority of lenders rely upon when assessing your credit risk, the best option has always been to purchase them directly from myFico.com. And while this is still the case, many consumers will now have a way to get a peek at their FICO scores for FREE.
Don’t get too excited though—it’s not as great as it sounds. Here’s how things have changed. More »
Posted By: Joshua Heckathorn | Comments (0)Ask Creditnet: Switching to a No Annual Fee Credit Card
July 13th, 2010
Dear Creditnet: I currently have a credit card that expires in August 2010. This card has an annual fee, and I’m tired of paying it every year.
Do I have to cancel my card in order to apply for a different card from the same credit card company with no annual fee? More »
Posted By: Joshua Heckathorn | Comments (0)How to Dispute Errors on Credit Reports
July 8th, 2010
One of the most common questions we receive from readers is “what’s the best way to dispute errors on my credit report”?
Contrary to popular belief, disputing online through the credit bureaus’ websites isn’t the best way to get results or document your efforts. It may be the the fastest, but it’s certainly not the most effective route to take.
If you want to make sure your dispute is not only taken seriously, but also well documented, follow these 3 easy steps the next time inaccurate information pops up on your credit reports: More »
Posted By: Creditnet.com | Comments (0)
