Credit Card Churning 101

Credit cards, when used with care, can yield amazing benefits. One of the main benefits are the travel perks.  If you have good credit, there are many credit cards out there that are willing to give you free flights and hotel stays if you sign up with them.  There is a small community of people…

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How to Write a Good Credit Dispute Letter

Writing a credit report dispute letter to the bureaus (Equifax, Experian, and Transunion) is an extremely effective technique for clearing past due items, charge-offs, and collections from your credit report---and consequently raise your FICO score.  The Fair Credit Reporting Act (FCRA) gives consumers the right to verify their credit report.  Only write to credit bureaus when…

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How Your Credit Score Is Calculated

Fair Isaac (the company that invented the FICO scoring system) does not give out the exact formula for computing your FICO credit score.  However, we do have something to work with---the factors that weigh on your credit and its exact percentages.  Your credit score is calculated using the following five factors.  They percentages is how…

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