Congressman Lacy Clay and Donna Perkins photographed at an event August 5th as a fundraiser for Congressman Clay's reelection.  At this event, Ms Perkins was representing the National Association of Credit Services Organizations (NACSO), the organization that scrutinizes and monitors the best practices of those Credit Restoration firms who voluntarily participate for the good of

Your FICO credit score is only one of many determining factors in obtaining new credit.. Each creditor has established their own set of guidelines and rules for extending credit. A creditor will usually require a full application that asks for many things: your income, your employment history, current level of committed expenses, your spending habits,

  This is a common misconception. There are several factors that must be considered when applying for new credit. 1) If you apply for several credit cards at once, each occurrence will result in an "inquiry" on your credit report. Each inquiry drops your score about 7 points. So it would be prudent to carefully

This is another common misconception, based upon long ago history.  Minorities are not short changed by credit scoring. ECOA (Equal Credit Opportunity Act) was put into place in 1974 to solve this problem. The law prohibits lenders from even asking the types of questions that would result in bias related to race, color, creed, sex,

Credit Repair and Bankruptcy   Many people ask us "will bankruptcy completely screw up our credit report"?  The answer is, of course, complicated.  The short answer is "yes", and the longer answer is "it will get better". Having a personal bankruptcy on your credit report will affect your score as much as 200 points, and

The "Right" Credit Score Some people don’t have that “right score” so they are denied rights that they normally should have, like getting a loan approved or a new credit card. “Scores”  were first started by local department stores and financial institutions who would share their information about their applicants to see if potential new