Good points. I just want to add that if you want to get approved to mortgage or any kind of loan, credit history is as important as credit score if not more important. Because you might have a high credit score but not an established credit history. It happened to me before, I never had a late payment or whatsoever and therefore my credit score was 750. but I've been declined for the lowest rate for a car loan, because I did not have any loan before, therefore not a history. So if you want to apply for a loan in a new future try to establish credit as well.

The FICO score just may be the best kept secret yet. Heck, even the colonels chicken and coca cola have had some pretty good copy cats, but not FICO. The only weapon we have to use against them is the FCRA - Fair Credit Reporting Act and use every loophole, tactic, and trick in the book to get stuff off our credit reports, whether the items are legitimate or not. Dispute, dispute, dispute, but with care using laser targeted reasons. We teach you this at http://www.AttractiveCreditSecrets.com Whether it's adding positive credit or disputing negative items. We got it covered. Free ebook for checking us out.

Jay,

Thanks for the links. I've just been talking to a lot of first time buyers for some reason and they ask very similar questions.

Thanks,

Shailesh

Good points. I just want to add that if you want to get approved to mortgage or any kind of loan, credit history is as important as credit score if not more important. Because you might have a high credit score but not an established credit history. It happened to me before, I never had a late payment or whatsoever and therefore my credit score was 750. but I've been declined for the lowest rate for a car loan, because I did not have any loan before, therefore not a history. So if you want to apply for a loan in a new future try to establish credit as well.

The FICO score just may be the best kept secret yet. Heck, even the colonels chicken and coca cola have had some pretty good copy cats, but not FICO. The only weapon we have to use against them is the FCRA - Fair Credit Reporting Act and use every loophole, tactic, and trick in the book to get stuff off our credit reports, whether the items are legitimate or not. Dispute, dispute, dispute, but with care using laser targeted reasons. We teach you this at http://www.AttractiveCreditSecrets.com Whether it's adding positive credit or disputing negative items. We got it covered. Free ebook for checking us out.

Jay,

Thanks for the links. I've just been talking to a lot of first time buyers for some reason and they ask very similar questions.

Thanks,

Shailesh