Zero Credit Rating Doesn't Mean Bad CreditFifty-three million Americans have no credit score at all.
3 On Your Side: Common Mistakes That Affect Credit ScoresIf you're thinking ahead to some spring cleaning, you may want to put tidying up finances and your credit report on that list. But first, 3 On Your Side Consumer Reporter Jim Donovan looks at some credit score missteps you may not even realize you're making.
Qualifying For A Mortgage Is Easier Now, But Many Factors Affect Loan ApprovalFannie Mae and Freddie Mac, the companies that federally insure the majority of the nation's mortgages, are relaxing their FICO score requirements, sometimes as low as 620.
Credit 'Inquiries' Could Lower Credit ScoreWhen you apply for credit, you authorize those lenders to ask or "inquire" for a copy of your credit report from a credit bureau - which could actually lower your credit score.
3 On Your Side: Keeping Your Credit Score In Good ShapeWhether you're hoping to buy a new home, a new car or even find a new job - you'd better be sure your credit score is in good shape, it's being used in more ways than you might think.
BLOG: Wells Fargo Offers Customers Free Credit Score
Part 2: Understanding Your Credit RatingBuying your first home can be a very exciting time, but it can also cause a lot of anxiety -- especially when it comes to the application process for securing a mortgage.