What is a credit score and what is it designed to do?

"The FICO score is the single best summary score of one's credit worthiness," says E-Loan President and Chief Operating Officer Joe Kennedy.

A credit score number is often called a FICO score, for Fair Isaac Corp., the California company that developed the system upon which it is based.

"Good communication, voice & email.  Impressed that Dave took time out of his vacation to call me back.  Top Notch Company.  Very easy to do the process of refi." 

Kevin McCann, Collegeville, PA

read more.......

How to read and understand your credit report....

The lender told you to get a copy of your credit report as part of the pre-qualifying process for a mortgage. The purpose, he said, was to see how your credit looked and to clear up any errors that might be in the report.
But now that you've got it, there are an awful lot of numbers, abbreviations and terms you've never seen before. Trade lines, charge-offs, account review inquiries -- how do you read this thing?

read more.......