Month: November 2007

Credit Books I Recommend

I have found the following books to be particularly helpful for providing an honest and clear insight into how credit scores work and the best ways to go about repairing my credit. Credit Scores & Credit Reports Credit Scores & Credit Reports provides the first thorough examination of …

Credit Utilization Calculator

Credit utilization is an important term to understand in terms of how it can affect your credit score. Basically, it means how much of the available credit you currently have charged on a credit card (i.e., balance-to-limit ratio). I generally recommend that you keep your credit utilization under …

10 things that cause bad credit

As you are reviewing your credit report take notice of the “Account Status” for each entry. The “Account Status” is reported by the creditor of that account and can give you a good indictor as to how much this account positively or negatively affects your credit score. List …

Orchard Bank Credit Cards Are Not A Scam

I have had about a dozen people ask me if Orchard Bank credit cards are a scam. If you aren’t familiar with Orchard Bank credit cards, they are designed specifically for people with bad or no credit. Orchard Bank (HSBC) offers several types of these cards, such as …

Average Credit Score and Credit Score Range

The average credit score in the U.S. is 680 This average varies by state with South Dakota having the highest average (710) and Texas having the lowest (651). Credit Scores range from 300 to 900 300 indicates horrible credit and 900 indicates perfect credit (I doubt anyone actually …