Credit Help

Many Americans Misunderstand Credit Scores According to New National Survey; CFA and Fair Isaac Make Available Free Brochure Through Federal Citizen Information Center

Link: Many Americans Misunderstand Credit Scores According to New National Survey; CFA and Fair Isaac Make Available Free Brochure Through Federal Citizen Information Center.

Many Americans Misunderstand Credit Scores According to New National Survey; CFA and Fair Isaac Make Available Free Brochure Through Federal Citizen Information Center WASHINGTON & MINNEAPOLIS--(BUSINESS WIRE)--March 15, 2005--According to a new survey by the Consumer Federation of America (CFA) and Fair Isaac Corporation (NYSE:FIC), developer of the FICO(R) credit score used by most lenders to evaluate consumer credit risk, almost one-half of American consumers do not understand key facts about credit scores: -- 49% do not understand that credit scores measure credit risk; -- 45% incorrectly think that increasing one's income will increase one's credit score. "Despite all of the news coverage about credit scores over the past year, many consumers still do not understand important facts about these increasingly influential numbers," said Stephen Brobeck, CFA's Executive Director.

Your existing credit should have a minimal amount of activity

"Having accounts with no balance or activity can sometimes be treated as not having them at all.

Source:http://www.credit-factor.com
"