Credit Karma tells everyone to get their free Credit Karma "Vantage" credit scores. You think that is good. Actually, it is not. All mortgage lenders require Classic FICO® credit scores for their loan approvals, which also determine your interest rates and loan fees. Vantage Scores do not give the same precise scores mortgage lenders require from the Classic FICO Scores. That is where the problem with Credit Karma starts.

Most every homebuyer is unaware of the potential savings / she is bypassing by not knowing this critical information. This blog pulls the curtain back for homebuyers - your loan officer is not going to tell you this information. We will - this is critical to know!

Understand how your purchasing power is impacted from your credit scores - even one point. Once you know the insights to how lenders use credit scores, you can maximize your purchasing power. This is for everyone to know.

There are many credit score models available to consumers that provide different credit assessments (or numbers) based on the same credit information. How does that happen?

John failed to follow, let alone improve his FICO® scores. When unforeseen expenses came, he refinance his mortgage and paid off some debts. However, he paid a really high cost for not taking the time to improve his mid-600 credit scores.

Know what is the best credit account to open for a 18 year old? Know how the balance is determined on the utilization ratio? How long does a hard inquiry impact a credit score? Find expanded explanations to these questions and more.

The article gives some basic outlines that gives tips to improves scores. However, when a reporter states, "Experts typically recommend...", there is no first-hand knowledge or research on the subject. This one internet suggestion has gone everywhere and is absolutely incorrect about your credit card utilization ratio. Find out what this common suggestion is.

Brian increased his FICO® credit score an amazing 111 points in just three months. He is now a homeowner as he gives credit to My Credit Plan and what it did to help him. My Credit Plan has lots of amazing stories with great results. Brian is one of them. To improve your FICO Scores, go to www.MyCreditPlan.org/Signup

Many new homebuyers have little-to-no understanding how FICO scores will determine monthly payments and ultimately, your purchasing power. This is so critical for new homebuyers to check your FICO scores and identify solutions to improve them before looking for a new home.

Nathan Grant from Credit Card Insider says that closing a credit card will lower FICO credit scores. Say What!?! This is actually a strategy I use quite often to raise a consumer's FICO scores. He points out that there is a lot of misinformation, but he fails to realize, he is the one generating the misinformation by telling people to not close a credit card account.