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Credit History

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NEWS
November 1, 2004
Monday Nov. 1 9 p.m. on Lifetime "Identity Theft: The Michelle Brown Story" Kimberly Williams-Paisley stars as a woman who fights to clear her name and credit history after a stranger named Connie (Annabella Sciorra) steals her identity. Connie buys hundreds of thousands of dollars' worth of merchandise and services in Brown's name - and then tries, through cosmetic surgery, to take on Brown's appearance. 9 p.m. on ABC Monday Night Football Longtime AFC rivals the Miami Dolphins and New York Jets meet in New York.
NEWS
by LYNN F. LITTLE | March 5, 2004
Your credit score has been affecting your life for years. When you apply for credit or a loan, lenders from credit card companies, home equity, auto loan lenders and finance companies use the score. It is produced with a computer model created by Fair, Isaac & Co. (FICO). A credit score is an outline of your credit history. A low score can mean you don't get a credit card or a loan. Or it can mean you will pay a higher interest rate, if you get a credit card or a loan. Some lenders use your credit score and other information to set the "price" for your loan.
NEWS
Lynn Little | December 13, 2010
Credit can be a successful finance management tool. Using credit allows you flexibility in managing your spending plan to purchase goods and services when you need them, not when you have the cash on hand to pay for them. You are offered credit because you considered trustworthy and will repay your creditors within a stated period of time. Offers and availability of credit to you individually is determined by your credit score. Your credit score, generated by using information in your credit report, is designed to predict your credit risk and your credit worthiness.
NEWS
By LYNN LITTLE | June 6, 2008
Consumers with credit scores of 700 or higher typically get the best interest rates on loans. Low-scoring individuals with a credit score in the 400 to 500 range might have difficulty obtaining a loan, might be required to make a larger down payment and might have to pay a higher interest rate on their loan. Payment history, debt-to-credit ratio and the types and amounts of credit available factor into credit scoring. Your credit score changes over time to take into account current financial behavior and past debt and payment history.
NEWS
by Lynn F. Little | April 7, 2006
Whether you are seeking a home or car loan, phone service or new credit cards, most creditors look at credit scores, or FICO scores, to determine their risk. Ranging from 300 to 850 points, FICO scores are calculated using a mathematical model that assigns points for different pieces of information that predict the way you will handle credit. What is FICO? A FICO score is a credit score developed by Fair Isaac & Co. Credit scoring is a method of determining the likelihood that credit users will pay their bills.
NEWS
By Lynn F. Little | January 5, 2000
Building and preserving a good credit file is essential. Your credit record is a permanent one that starts as soon as you begin paying bills (e.g., rent, car payment) and borrowing money. Skip your bill payments, pay bills late or abuse your credit and credit companies will enter a black mark into your credit report. cont. from lifestyle Your credit report is distributed to someone to whom you apply for credit; for example, to buy a car or pay college tuition, and prospective employers even may request your credit report before they hire you. When you purchase big-ticket items like a car or a home, chances are you are doing it with a bank's money.
NEWS
By LYNN LITTLE / Special to The Herald-Mail | June 4, 2010
Using a credit card is an important responsibility. A good credit history can help you get a job, make major purchases and accomplish many short and long-term goals. A poor credit history can make it harder for you to rent an apartment, buy a car or fulfill a dream. It is important to know how credit can change your spending power and how you can recognize the danger signs of credit and avoid serious problems. The greatest disadvantage of credit use is losing financial flexibility in managing your own money.
NEWS
by LYNN F. LITTLE | June 7, 2002
Your credit history is a written record that summarizes what type of credit you have used and your history of making payments on time. You should want to know what your lenders are saying about you. Your credit report contains a great deal of information about you and you have a right to see (and should want to examine) a credit report that describes the information in your credit file. Reviewing your credit file/report is very important. You have a right to see your credit report from each of the three credit reporting agencies: Trans Union, Equifax and Experian.
NEWS
By LYNN F. LITTLE | October 7, 2005
Perhaps you've been bombarded with e-mail messages from supposedly legitimate sources such as banks, eBay, PayPal and even the National Credit Union Association. The gist of these messages is that you need to update your accounts by providing certain information. The critical information requested includes your Social Security number and account numbers. The messages look legitimate, but they are not. It's another way to steal your financial information. When an e-mail arrives that appears to be sent by a company that you work with, it's pretty hard to ignore - and many of us don't.
NEWS
By ELLEN JAMES MARTIN | May 9, 2009
Are you among the lucky homeowners who still have substantial equity in your property and a stable job, but are short on cash for crucial expenses? If so, now may be a prudent time to refinance your mortgage and take cash out. "Mortgage rates have fallen to historic lows. So for many people, borrowing against their home might be a wise option. All the interest charges on your larger mortgage are probably tax deductible," says Eric Tyson, a personal finance expert and co-author of "Mortgages for Dummies.
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NEWS
Lynn Little | December 13, 2010
Credit can be a successful finance management tool. Using credit allows you flexibility in managing your spending plan to purchase goods and services when you need them, not when you have the cash on hand to pay for them. You are offered credit because you considered trustworthy and will repay your creditors within a stated period of time. Offers and availability of credit to you individually is determined by your credit score. Your credit score, generated by using information in your credit report, is designed to predict your credit risk and your credit worthiness.
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NEWS
By LYNN LITTLE / Special to The Herald-Mail | June 4, 2010
Using a credit card is an important responsibility. A good credit history can help you get a job, make major purchases and accomplish many short and long-term goals. A poor credit history can make it harder for you to rent an apartment, buy a car or fulfill a dream. It is important to know how credit can change your spending power and how you can recognize the danger signs of credit and avoid serious problems. The greatest disadvantage of credit use is losing financial flexibility in managing your own money.
NEWS
By ELLEN JAMES MARTIN | May 9, 2009
Are you among the lucky homeowners who still have substantial equity in your property and a stable job, but are short on cash for crucial expenses? If so, now may be a prudent time to refinance your mortgage and take cash out. "Mortgage rates have fallen to historic lows. So for many people, borrowing against their home might be a wise option. All the interest charges on your larger mortgage are probably tax deductible," says Eric Tyson, a personal finance expert and co-author of "Mortgages for Dummies.
NEWS
By LYNN LITTLE | June 6, 2008
Consumers with credit scores of 700 or higher typically get the best interest rates on loans. Low-scoring individuals with a credit score in the 400 to 500 range might have difficulty obtaining a loan, might be required to make a larger down payment and might have to pay a higher interest rate on their loan. Payment history, debt-to-credit ratio and the types and amounts of credit available factor into credit scoring. Your credit score changes over time to take into account current financial behavior and past debt and payment history.
NEWS
by Lynn F. Little | April 7, 2006
Whether you are seeking a home or car loan, phone service or new credit cards, most creditors look at credit scores, or FICO scores, to determine their risk. Ranging from 300 to 850 points, FICO scores are calculated using a mathematical model that assigns points for different pieces of information that predict the way you will handle credit. What is FICO? A FICO score is a credit score developed by Fair Isaac & Co. Credit scoring is a method of determining the likelihood that credit users will pay their bills.
NEWS
By LYNN F. LITTLE | October 7, 2005
Perhaps you've been bombarded with e-mail messages from supposedly legitimate sources such as banks, eBay, PayPal and even the National Credit Union Association. The gist of these messages is that you need to update your accounts by providing certain information. The critical information requested includes your Social Security number and account numbers. The messages look legitimate, but they are not. It's another way to steal your financial information. When an e-mail arrives that appears to be sent by a company that you work with, it's pretty hard to ignore - and many of us don't.
NEWS
November 1, 2004
Monday Nov. 1 9 p.m. on Lifetime "Identity Theft: The Michelle Brown Story" Kimberly Williams-Paisley stars as a woman who fights to clear her name and credit history after a stranger named Connie (Annabella Sciorra) steals her identity. Connie buys hundreds of thousands of dollars' worth of merchandise and services in Brown's name - and then tries, through cosmetic surgery, to take on Brown's appearance. 9 p.m. on ABC Monday Night Football Longtime AFC rivals the Miami Dolphins and New York Jets meet in New York.
NEWS
by LYNN F. LITTLE | March 5, 2004
Your credit score has been affecting your life for years. When you apply for credit or a loan, lenders from credit card companies, home equity, auto loan lenders and finance companies use the score. It is produced with a computer model created by Fair, Isaac & Co. (FICO). A credit score is an outline of your credit history. A low score can mean you don't get a credit card or a loan. Or it can mean you will pay a higher interest rate, if you get a credit card or a loan. Some lenders use your credit score and other information to set the "price" for your loan.
NEWS
by LYNN F. LITTLE | June 7, 2002
Your credit history is a written record that summarizes what type of credit you have used and your history of making payments on time. You should want to know what your lenders are saying about you. Your credit report contains a great deal of information about you and you have a right to see (and should want to examine) a credit report that describes the information in your credit file. Reviewing your credit file/report is very important. You have a right to see your credit report from each of the three credit reporting agencies: Trans Union, Equifax and Experian.
NEWS
By Lynn F. Little | January 5, 2000
Building and preserving a good credit file is essential. Your credit record is a permanent one that starts as soon as you begin paying bills (e.g., rent, car payment) and borrowing money. Skip your bill payments, pay bills late or abuse your credit and credit companies will enter a black mark into your credit report. cont. from lifestyle Your credit report is distributed to someone to whom you apply for credit; for example, to buy a car or pay college tuition, and prospective employers even may request your credit report before they hire you. When you purchase big-ticket items like a car or a home, chances are you are doing it with a bank's money.
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