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UltraFICO & Experian Boost ... Good Solutions to Your Credit Challenges?
UltraFICO & Experian Boost 
Good Solutions to Your Credit Challenges?
Ever since the announcements regarding the new credit scoring systems "UltraFICO" and "Experian Boost" were made last year (and their subsequent implementation earlier this year), questions regarding their use, legitimacy, accuracy, and abilities have come my way ...  
In most instances, the questions come from those considering home buying or refinancing but suffering from credit scores considered "fringe" or low scores ... either as a result of NO/little credit or credit issues having occurred.  They're looking for answers and fixes for the challenges they face.
And challenges do exist.  While  FICO reports that, for the first time since tracking these stats, the average national FICO Score has reached the 700 threshold (in actuality, 704, an increase of around 10 points above the score reported prior to the housing recession that began in 2006), credit remains of great concern for many home buying prospects.  
Prospects know credit scores will weigh heavily in their upcoming mortgage search.  They will dictate what mortgage options are available to them, what mortgage costs they'll face, the interest rate offered, and ultimately ... Mortgage Approval itself.  So opportunities and methods to increase credit scores are obviously of great importance and interest.
Along ... more

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