Do Other Scoring Models Exist?
Do Other Scoring Models Exist? By BestQualify The FICO model did not have any competition until the VantageScore® model was introduced in 2006 by the credit bureaus—Equifax®, Experian®, and TransUnion®. Both…
What Is a FICO Score?
What Is a FICO® Score? By BestQualify FICO, originally known as the Fair, Isaac, and Company, is a data analytics company based in San Jose, California. The main focus of…
What Is a Tradeline?
What Is a Tradeline? By BestQualify Tradeline is an industry term for the accounts found on your credit report. Every time you open a new credit card or another type…
What Is an Inquiry?
What Is an Inquiry? By BestQualify A credit inquiry is a request for a specific individual’s credit report from a reporting agency. Banks and other lenders will request the credit…
What Is a Credit Report?
What Is a Credit Report? By BestQualify There is a lot of misinformation about what a credit report is and what it actually contains. It’s like a report card from…
When, Where, & Why Should I Check My Credit?
When, Where & Why Should I Check My Credit? By BestQualify You DO Have Privileges When it Comes to Your Credit Report. Under the Fair Credit Reporting Act (FCRA), you…
What Exactly Is a Credit Score & How is it Determined?
What Exactly Is a Credit Score and How is it Determined? By BestQualify At one time or another, we’ve all learned that having a high credit score will get us…
Can My Credit Score Be Improved?
Can My Credit Score Be Improved? By BestQualify YES. You are not stuck with the score you have. You can always make it better and it’s not as difficult as…