FICO scores places a value on the types of accounts you hold, as well as your credit history....

FICO scores places a value on the types of accounts you hold, as well as your credit history. The formula that determines your FICO scores, however, is not disclosed to the consumer.

The FICO scoring scale runs from 300 to 850. The vast majority of people will have scores between 600 and 800. A score of 720 or higher will get you the most favorable interest rates on a mortgage, according to data from Fair Isaac Corp., a California-based company that developed the credit score. (Its own score is called the FICO score.)

*The 5 most important factors to determining your FICO credit score are:

"The whole process was very smooth and we really appreciate the excellent service we received!  We would highly recommend to anyone; thanks for everything!"

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Comparison shopping for loans online can hurt your credit rating....
Believe it or not, surfing around on the Internet for a good deal on a loan could actually hurt your chances of getting one.
Here's how.
Lots of banks and finance companies list general information about mortgages, home equity and other loans on their Web sites. But to find out what specific rate you qualify for, you often have to submit a Social Security number so a lender can run a credit check. Too many of these checks can hurt your credit score.

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