Do you know that a majority of credit scores are often based on bad information? Approximately 79% of all credit reports contain errors serious enough to negatively change an otherwise decent average credit score to a poor credit score. Whether you have no credit, poor credit or average credit - The Ultimate Credit Ebook will show you, step-by-step the proven techniques and verification letters used by Lawyers and Credit Repair Specialists that will raise your credit score by up to *200 Points Guaranteed or your money back!

Stop suffering with Bad Credit.

FICO 08

A new credit scoring system is coming soon which promises to be more forgiving to people who may miss an occasional payment.

Fair Isaac Corporation, creators of the FICO score will launch the new credit system which will be known as FICO 08. FICO 08 is supposed to be a better predictor of consumer defaults, a criticism of the current FICO model which failed to help prevent the sub-prime mortgage fiasco.

FICO’s credit scoring algorithm is not widely known, but what is known is:

• Credit scores will still range from 300 to 850
• Your credit history will be factored
• An occasional missed payment will not affect you as much under the current FICO system
• The amount of debt you have will be factored
• Open lines of credit will be factored
• Piggybacking (using another person’s good credit to boost your own) will no longer be allowed.

So how is FICO 08 going to affect your credit score?

You will most likely experience an increase in your credit score if you have different types of credit accounts in good standing, for example mortgages, credit cards and auto loans.
If you have many delinquent accounts, your credit score will take a hit – probably greater than before under FICO 08

Use of FICO 08 is expected to begin sometime this spring, although some lending institutions might take a wait and see approach.

Either way, don’t wait until it’s too late. Start cleaning up your credit now.