Vision Credit Education, Inc.

Your mortgage broker may have said that you need to close one or more credit card accounts before the lender will approve you. Does that mean your credit scores will increase? Don’t count on it! Read the rest of this entry »

Letting your credit card balances rise to the point that you have used all of your available credit can severely impact your credit score. Even if you do not exceed your credit limits, your credit score can suffer. Read the rest of this entry »

Fair Isaac has reported that the massive overhaul to their FICO credit scoring model will be implemented at some point in the summer of 2008. Known as FICO 08, the changes are meant to curb the abuses of credit repair schemes and provide better predictors of consumer risk factors. Read the rest of this entry »

If you have ever missed a payment on a credit card or loan account, you may think that the late fee is the big penalty. While these fees can be hefty, they are a drop in the bucket compared to what they can cost you on future loans due to a lower credit score. Read the rest of this entry »