Email question I received the other day:
Patrick, I attended your class last year and have purchased your book.
I have a client who has about $70,000 in credit card debt from medical issues. She can no longer work and is planning to file bankruptcy, but doesn’t want to lose her home or retirement accounts. Continue reading
Remember when you could not turn on your television without seeing and hearing a free credit report jingle? Goofy merry men dressed as pirates lyrically painting a picture of why we should all check our credit reports. Besides, it was free, right?
If you have not been reviewing and saving copies of your credit report each year do it this week. Save copies of your credit report by printing them out or saving an electronic copy. Why? The credit report is not a static document. It is a liquid document. It is only as good as the information currently reported, so things can change. Changing information is why you should save a copy every time you look at the report.
There are five basic factors to how your FICO credit score is calculated. Knowing these basics will help you keep your scores as high as possible:
