To qualify for an FHA loan, you need to have a credit score (commonly known as a FICO score) above 580. If your FICO score is below 580, you’re below the Mendoza line.
Baseball fans will know what I mean by this — to be considered deserving of a spot in the major leagues, it’s widely [...]

Your credit score is like an enigma. You know you’ve got three different scores – or you should, anyway. The problem is that very few of us know how those scores work together, why our scores go up and down, and what our scores mean in the grand scheme of life. While everyone would prefer [...]

There are many ways where you can make credit mistakes which can harm your credit score at times mildly and at times severely. It is important that you are aware of the common mistakes frequently committed and which can be avoided so that you can escape from the frustration, tension and save huge amount of [...]

Missing a payment is the surest way of dropping your credit score. but what about other transgressions like going over your limit on your credit card or bouncing a check?
Bouncing a check: This is unlikely to hurt your credit score because banks don’t report bounced checks to credit bureaus. There are only a couple [...]