Vectors and 3D Models
Local Search - Finance
Weather Information
Get the App for Smartphones and Tablets

Go Back


WhmSoft Free Articles Directory
Free Articles for Reprint
Free Articles to Publish
Free Articles for Newsletters
Videos to Watch


Page Generation Date and Time:
04/23/2017 13:48:31

 
Free the Animation VR
Play to reveal 3D images and 3D models!
VR Icon  
 
vlrPhone / vlrFilter
Project of very low consumption, radiation and bitrate softphones, with the support of the spatial audio, of the frequency shifts and of the ultrasonic communications / Multifunction Audio Filter with Remote Control!



 
 
Alexa Data
 

Go To Articles Directory Home Page

To get the current article, - See Below (at the bottom of the page) -.
For top news titles, see below.
Web sites and videos listed in this page are frequently updated.
If you find that this page is useful (quality of web sites, images and videos, ...), you can add it to your favorites.
Bookmark Page !

Tell a Friend:



With your mobile phone (WAP / I-Mode / iPhone / PDA), for free:
The Top News - http://www.whmsoft.net/services/wap/news.php
The Daily Files - http://www.whmsoft.net/services/wap/get.php
All the Directory Files - http://www.whmsoft.net/services/wap/choose.php

Web version of feeds:
Podcast Music - http://www.whmsoft.net/services/web/wpodcast.php
Daily Files - http://www.whmsoft.net/services/web/wget.php

You can play the Guitar Drum Revolution game (flash game) by following the link below:
Play Guitar Drum Revolution Game


You can play free online games (flash games) by following the link below:
Free Online Games

Play the samples below:
Whack A BossArtilleryCaptain PotSolitaire 2Bistro Stars

You can view the people (celebrities) news and the front page news (with videos, images and constant updates) by following the link below:
View Recent News
or by visiting the WhmSoft Service blog:
News Photos Slideshows


Article Keyword Videos to Watch
Finance
Click on the image to start the video.



Related Topics
Images - Links - Articles

finance
finance yahoo
finance calculator
finance definition
finance charge definition
finance jobs
finance news
finance express
finance major
finance salary
New Orleans finance
New Orleans


Related Images



Article Category Videos to Watch
Finance
Go to the Videos Pages


Reason Your Credit Scores Still Go Down When You Do Everything Right

I want to address a question I've been asked a lot lately...

"Why have my credit scores gone down since I last checked them even though I've made all my payments on time?"

First let me tell you that the only way your credit scores can go down is if information appearing on your credit reports changes.

Your credit scores are calculated from:

1. Information provided by lenders you have accounts with
2. Lenders when you apply for new credit
3. Public record information (i.e., judgments, tax liens, bankruptcies, etc.)

This information is reported to your credit reports on a regular basis. Sometimes even daily.

Some of the things that will change your scores are:
1. Late payments
2. Recent credit inquiries
3. Higher balances on your credit cards
4. Higher balance on your Home Equity Line of Credit (HELOC)
5. Closing revolving accounts
6. Credit limits increased/lowered

Let's say you purchase your credit scores and you notice your scores are lower than they were the last time you checked even though you didn't make any of the mistakes above. What happened?

Step 1: Compare Apples to Apples

There are different kinds of credit scores. You need to make sure you are purchasing your FICO credit scores. Two of the credit reporting agencies are playing a dirty trick on us when it comes to our scores. Credit scores aggressively marketed by TransUnion and Experian are their own proprietary credit scores. Most lenders use FICO credit scores not TransUnion's or Experian's proprietary scores. So buying proprietary scores are useless.

However, Equifax does it right. They only aggressively market their FICO credit score. They get brownie points for holding themselves to a higher standard!

Step 2: Purchase Your FICO Scores from the Same Source

Don't purchase your scores through one source the first time and a different source the second time around. It doesn't work that way. You need to purchase them through the same source.

You see, different companies that sell or provide FICO scores use different versions of the scoring software Fair Isaac created to calculate a FICO score. It's similar to the different version of Microsoft software products. If you asked 50 people what version of Microsoft Word they were using, you would get many different answers. Same basic software, but several version numbers. So it is with FICO scores.

If you purchase your scores through FICO’s website and compare them to the scores you received from your auto or mortgage lender...you will most likely have different results.

By always purchasing your scores through the same source you're guaranteed to have an accurate comparison of what triggered any change in your credit scores.

Step 3: Compare Your Reason Codes

Now that you know you should purchase your FICO scores from the same source it's time to examine your reason codes. Your reason codes will tell you what changed on your credit reports and give you clues as to why your scores went up or down.

You have four reason codes from each credit reporting agency...for a total of twelve reason codes. What you need to do is compare your reason codes from your previous set of credit reports to the reason codes on your current credit reports.

Your reason codes are in order of importance. So if the order of your reason codes changed it's a clue something changed on your credit reports that lowered/increased your credit scores.

When you know what your reason codes are you can use them to help you increase your credit scores.

In Closing
Any new habits you begin today in managing your credit will begin to affect your credit scores in 30 to 60 days. This is due to the lag time between the action you take versus how long it takes the lender to report that action to the credit reporting agencies. So begin new habits today


About the Author: Stephen Snyder is the founder and president of the After Bankruptcy Foundation a non-profit organization that provides free bankruptcy information and recovery steps. Stephen is also an author, speaker and leading authority on bankruptcy recovery and credit scoring.




Recommended Web Site(s):

Easy Articles Home Page - Articles Directory

Recommended WhmSoft Web Sites, Feeds and WAP Address:

WhmSoft Software Home Page - Software
WhmSoft Services Login Page - Music and Images
WhmSoft Moblog Home Page - Blog - Photo Gallery
WhmSoft Free Online Games Home Page - Flash Games
WhmSoft Services RSS Feed - Daily Music, Image and 3D Flash Animation
Classical Music with Drum RSS Feed - MIDI and MP3 Files
Classical Music with Drum Podcast Feed - MP3 and MP3 Files
WAP / I-Mode / PDAs - Daily Music, Image and Flash Animation

Home Pages:

WhmSoft Free Articles for Reprint Home Page
WhmSoft Services Home Page - Music and Images
Copyright (C) 2006-2017 WhmSoft - All Rights Reserved.