Entries by Charlie Scanlon

How to use your stimulus check to boost your credit scores

If you have received a check from the government as part of the most recent pandemic stimulus legislation, but are fortunate enough not to need the entirety of that payment for rent or other bills, you may want to consider investing all or part of that payment in improving  your credit. A higher credit score […]

How Long Can a Negative Item Stay on Your Credit Report?

So, you have been following our advice and taking a look at your credit report once a month? Good job, you’re to be commended! You may have noticed that there are accounts on your reports that are negatively impacting your scores. How long can those negative items stay on your report and cause you angst? […]

Are You Planning To Buy A New House in 2021?

If you’re planning to buy a new house in 2021, the most important thing that you can do to prepare for that process is to check your credit reports from all three national credit bureaus. (Transunion, Equifax and Experian)   The simplest (and cheapest) way to obtain a recent copy of those reports from all […]

Locus of Control and Your Credit Rating

A study published in The Journal of Behavioral Science in 2008 took a look at the effect of an individual’s personality on their credit rating.  Vanessa Gail Perry (2008) Giving Credit Where Credit is Due: The Psychology of Credit Ratings, Journal of Behavioral Finance, 9:1, 15-21, DOI: 10.1080/15427560801896784. The study found that one of the key factors in having a good credit […]

Can Applying for a Personal Loan Damage Your Credit?

Our President was happy to share his expertise about the “credit history” component of credit scores for this article. Feel free to get in touch if you have any questions about credit scores or “mortgage ready credit.” (314) 429-2040. Best Company Magazine: “Will My Credit Score Be Negatively Impacted If I Apply For A Personal […]

What You Need to Know About FICO 10 and 10T

It may have escaped your attention while you were working from home as a result of the corona virus pandemic, but FICO released its newest credit scoring models in recent months. FICO (Fair Isaac Corporation) is the producer of the most commonly used credit scoring algorithms. Some version of a FICO score is used in […]