Common misconceptions about achieving a perfect credit score

Randy has a credit score of 850. According to FICO, the most popular scoring form, this is as good as it gets. However, one line on his credit report said he could lower his utilization rate, so he immediately paid off the remainder of his auto loan in one $6,000 payment — then his score … Read more

Wells Fargo is falling behind in the mortgage market

(Photo by Robert Alexander/Getty Images) Getty Images main sockets Wells Fargo, the nation’s third-largest mortgage lender, is pulling back from the mortgage market. While they won’t get out of it entirely, they will focus solely on offering mortgages to their existing clients, and those in minority communities. It’s a big change that will see Wells … Read more