792 FICO Credit Score
November 16, 2008 by awjolls
Filed under MyScoreBlog
Okay, yes, i know a 792 is a great credit score, but for those of you who follow along with me tracking Score Watch, this is a decrease of 6 points from last month.
The culprit? I let my American Express go up by $1000. How? I didn’t stick to my own plan of paying 2x per month and it hurt my score. One of the key strategies to improving your credit score is leveraging the fact that you get paid twice per month, to pay off each month.
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792 Credit Score, Down -5 from October
You Can Work for Obama if Your Credit Scores Rock
November 14, 2008 by awjolls
Filed under Credit News
Want a job with Obama? Get ready to get your credit score checked. A 7-page questionnaire for potential applicants has surfaced and credit scores are on the list [sort of]. The list asks about tax liens, collections, and other financial issues you or your spouse might have faced in the past. As these are items that appear in your credit report, I think candidates credit scores are going to matter.
Ready to cry “Big Brother Tactics”?
Well, don’t point a finger just at the government. Over 20% of all employers are checking credit EVERY time according to a study by the Society of Human Resource Professionals. Plus, that study was done a couple of years ago, so I suspect that the numbers are even higher now. Yes, this is legal. Yes, it is common. Yes, you need to be aware of this.
How about an apartment search? Over 59% of landlords reportedly check credit reports/scores as part of their application process.
The reality is that credit scores are used for most important decisions we face. It should be no surprise that Obama’s staff applicants are under this kind of financial scrutiny.
