Credit scoring agency, Fair Isaac (FICO) announced its latest version of the FICO score, a three-digit number that assesses a person’s credit risk, will take consumers’ debt levels into account and will more closely track personal loans. Previous scoring models took snapshots of a person’s payment history. The new model will take a historical view […]
Client Tip: Check Your Credit
Following last year’s Experian data breach, many people froze their accounts to safeguard them from potential identity thefts. Clients may face some hassles getting approved for a mortgage if they don’t remember to unfreeze their credit first. “We recommend doing some work upfront to make that process go as smoothly as possible,” said John Danaher, […]
July 3 – CVAR At A Glance
Featured Classes and Events July 3 | CRMLS Training – Free – CVAR HQ (Glendora) July 4 | All offices CLOSED For 4th of July July 6 | Citrus Valley Caravan – Guest Speaker Carol Quan, Special Assistant to LA County Assessor July 7 | Tax Free Retirement Income July 10 | CRMLS Training – […]
Change May Give Millions Credit-Score Boost
As of July 1 the three largest credit-reporting agencies began cleaning up credit reports, which could help lift the credit scores of about 12 million consumers. In a survey by the Federal Trade Commission, one in four people say they spot errors in their credit reports, most commonly concerning tax liens and civil judgments. Up to […]