Comments on: The ABC’s of Credit Scores – 5 Tips to Improve Your Mark http://www.redeemingriches.com/2009/06/23/the-abcs-of-credit-scores-5-tips-to-improving-your-mark/ Restore Your Money - Renew Your Mind Tue, 07 Feb 2012 13:01:45 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: What You Need to Know About ARM Mortgage Rates | Redeeming Riches http://www.redeemingriches.com/2009/06/23/the-abcs-of-credit-scores-5-tips-to-improving-your-mark/comment-page-1/#comment-19947 What You Need to Know About ARM Mortgage Rates | Redeeming Riches Wed, 06 Apr 2011 12:04:18 +0000 http://redeemingriches.wordpress.com/?p=356#comment-19947 [...] to secure a low rate, you may need to work towards improving your credit. Fortunately, if your credit score is already high, you will be in a good position to secure a low [...] [...] to secure a low rate, you may need to work towards improving your credit. Fortunately, if your credit score is already high, you will be in a good position to secure a low [...]

]]> By: Should Your Credit Card Have No Preset Spending Limit? | Redeeming Riches http://www.redeemingriches.com/2009/06/23/the-abcs-of-credit-scores-5-tips-to-improving-your-mark/comment-page-1/#comment-19544 Should Your Credit Card Have No Preset Spending Limit? | Redeeming Riches Thu, 10 Feb 2011 12:42:25 +0000 http://redeemingriches.wordpress.com/?p=356#comment-19544 [...] practice is significant because FICO (the most widely used credit score) and lenders both incorporate information from the credit bureaus into credit-risk evaluations. As [...] [...] practice is significant because FICO (the most widely used credit score) and lenders both incorporate information from the credit bureaus into credit-risk evaluations. As [...]

]]> By: Should You Reduce Car Costs Through Auto Loan Refinancing? | Redeeming Riches http://www.redeemingriches.com/2009/06/23/the-abcs-of-credit-scores-5-tips-to-improving-your-mark/comment-page-1/#comment-16529 Should You Reduce Car Costs Through Auto Loan Refinancing? | Redeeming Riches Wed, 29 Sep 2010 10:27:17 +0000 http://redeemingriches.wordpress.com/?p=356#comment-16529 [...] Most auto financing occurs at the point of sale with the dealer.  Great terms, like 0% financing, are only available to those with super prime credit scores. [...] [...] Most auto financing occurs at the point of sale with the dealer.  Great terms, like 0% financing, are only available to those with super prime credit scores. [...]

]]> By: SailboatFamily http://www.redeemingriches.com/2009/06/23/the-abcs-of-credit-scores-5-tips-to-improving-your-mark/comment-page-1/#comment-4648 SailboatFamily Sun, 16 May 2010 11:22:06 +0000 http://redeemingriches.wordpress.com/?p=356#comment-4648 Credit Scores are a Red Herring. While the blog post is about how to improve it, the post has the consequence encouraging folks to the give more life to this tool of the system. I posit that the score is unimportant and spending your time thinking about it is wasted effort. Once you've mastered your life's financial situation, you find that the score itself is of no value. The only negative consequence we've ever faced with our score was when an Insurance company tried to raise our policy rates because of our "low score." What they didn't take into account was particular financial situation (e.g. that we haven't needed a loan in years and years and years). We promptly took our insurance business else where and were not penalized for not needing the "system." Credit Scores could also come into play with a potential employer, but that too can be addressed quite easily. The mechanics offered in the post are probably right (I have no idea), but I suggest you focus your efforts on putting yourself into a strong financial position and not be slave to a number that is not only meaningless, but fools you into a disease ridden love affair. Credit Scores are a Red Herring. While the blog post is about how to improve it, the post has the consequence encouraging folks to the give more life to this tool of the system. I posit that the score is unimportant and spending your time thinking about it is wasted effort.

Once you’ve mastered your life’s financial situation, you find that the score itself is of no value. The only negative consequence we’ve ever faced with our score was when an Insurance company tried to raise our policy rates because of our “low score.” What they didn’t take into account was particular financial situation (e.g. that we haven’t needed a loan in years and years and years). We promptly took our insurance business else where and were not penalized for not needing the “system.” Credit Scores could also come into play with a potential employer, but that too can be addressed quite easily.

The mechanics offered in the post are probably right (I have no idea), but I suggest you focus your efforts on putting yourself into a strong financial position and not be slave to a number that is not only meaningless, but fools you into a disease ridden love affair.

]]> By: SailboatFamily http://www.redeemingriches.com/2009/06/23/the-abcs-of-credit-scores-5-tips-to-improving-your-mark/comment-page-1/#comment-16152 SailboatFamily Sun, 16 May 2010 11:22:00 +0000 http://redeemingriches.wordpress.com/?p=356#comment-16152 Credit Scores are a Red Herring. While the blog post is about how to improve it, the post has the consequence encouraging folks to the give more life to this tool of the system. I posit that the score is unimportant and spending your time thinking about it is wasted effort. Once you've mastered your life's financial situation, you find that the score itself is of no value. The only negative consequence we've ever faced with our score was when an Insurance company tried to raise our policy rates because of our "low score." What they didn't take into account was particular financial situation (e.g. that we haven't needed a loan in years and years and years). We promptly took our insurance business else where and were not penalized for not needing the "system." Credit Scores could also come into play with a potential employer, but that too can be addressed quite easily. The mechanics offered in the post are probably right (I have no idea), but I suggest you focus your efforts on putting yourself into a strong financial position and not be slave to a number that is not only meaningless, but fools you into a disease ridden love affair. Credit Scores are a Red Herring. While the blog post is about how to improve it, the post has the consequence encouraging folks to the give more life to this tool of the system. I posit that the score is unimportant and spending your time thinking about it is wasted effort.

Once you’ve mastered your life’s financial situation, you find that the score itself is of no value. The only negative consequence we’ve ever faced with our score was when an Insurance company tried to raise our policy rates because of our “low score.” What they didn’t take into account was particular financial situation (e.g. that we haven’t needed a loan in years and years and years). We promptly took our insurance business else where and were not penalized for not needing the “system.” Credit Scores could also come into play with a potential employer, but that too can be addressed quite easily.

The mechanics offered in the post are probably right (I have no idea), but I suggest you focus your efforts on putting yourself into a strong financial position and not be slave to a number that is not only meaningless, but fools you into a disease ridden love affair.

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