Fico MD Inc

05/20/2015

Getting your report does not hurt your score: You can check your own credit report and score without affecting your FICO credit score. While inquiries by creditors with whom you have applied for credit can lower your score, checking your own score will have no affect on your credit file. You can get your credit report free at www.annualcreditreport.com

Suspicious activity or accounts you don't recognize can be signs of identity theft. Review your credit reports to catch problems early.

05/19/2015

Not everybody has a credit history: If you've never applied for or used credit, you won’t have a credit history maintained by the three credit bureaus. Without a credit history, you also won’t have a FICO credit score.

04/22/2015

FACT:
Not all credit scores are FICO scores: The FICO credit score is not the only credit scoring formula available. Each of the three major credit bureaus, for example, has developed their own scoring models. And there are even multiple FICO score calculations. The key is that if you want access to your FICO credit score, make sure the service you use will provide your FICO score, and not a credit score based on some other formula.
Contact us today for your credit check up. 844-888-FICO

04/22/2015

Getting your report does not hurt your score: You can check your own credit report and score without affecting your FICO credit score. While inquiries by creditors with whom you have applied for credit can lower your score, checking your own score will have no affect on your credit file.
FicoMD can get the unauthorized inquiries removed off of your credit report. Call to to schedule a credit check up:
844-888-FICO

04/22/2015

Credit scores affect more than credit: When it comes to the importance of having good credit, many people think of qualifying for a home mortgage, car loan, or credit card. But the fact is good credit affects a lot more than applying for a loan.
For example, your credit history will affect how much you pay for auto insurance. Many employers now pull credit reports on potential employees. And landlords will likely check your credit before approving a rental application.
Let FicoMD remove those blemishes off of your credit report.

04/21/2015

How long does it take to repair my credit?

Our client’s typically start seeing result within first 30-45 days. Because each case is different, some clients may need to stay with us for 3-4 month, and some others might need to be with us a bit longer, but nothing longer than 6 months.

04/21/2015

FACT:
Some credit companies charge a high processing fee for people with bad credit who apply for credit card. This is generally charged by credit companies due to the checks, other formalities and risk involved in providing a credit card to bad credit people. If you are going for a secured bad credit credit card then this fees can be waived, otherwise it has to be paid.
Call 844-888-FICO to see how you can keep from paying high interest rates and eliminate being a credit risk.

04/11/2015

Myth:
Good credit is tied to how much money a consumer has in the bank.

Fact:
How much money consumers have in the bank doesn't affect credit scores. A bank account does, however, affect credit scores if a consumer bounces checks and does not pay the money back. If the balance owed to the bank gets turned over to a collection agency, then that information will show up on a credit report.

04/11/2015

Myth:
The three credit reports and credit scores from the three credit bureaus will be the same.

Fact:
Not all accounts will be reported to all three credit-reporting agencies. Since reporting is a voluntary act, not all lenders report to all three.
Accounts on consumers' credit reports are not always updated at the same time. For example, an account at Experian may be updated in the credit report today, but the same information may not appear in the Equifax report until the following day or on the TransUnion report two days later.
Because the credit reporting companies' computer systems are different, the credit score formulas can be slightly different to work with a particular system. That difference in the formula can result in a difference in the scores.

04/09/2015

At what point does a late payment become a black mark on my credit report?

Many clients become very nervous that their score has already been ruined at 15 or 20 days late. Even though you may be assessed a late charge for a 20 day late payment it can but most likely will not show up on your credit report.

04/09/2015

Fiction: All credit reports and credit scores are the same.

Fact: You have three main credit reports – one from Experian, Equifax and Transunion – plus a variety of credit scores. The information listed on each of your credit reports may vary and your credit scores – even if based on a single report – may also vary. No one credit report or score is better than the others. They all seek to document your credit history and assess your credit risk.