My Credit Plan Blog

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My Credit Plan is the nation's leading FICO® Score improvement program with an average score improvement of 73 points! If you want to increase your FICO scores, set up an account today and start your credit score journey to higher levels! There is a minimal charge for services. My Credit Plan and its blog is operated by Family Financial Education Foundation, a 501 (c) (3) non-profit credit counseling agency. This blog offers many unique insights from direct research. My Credit Plan's blog and website are designed to help you find the correct answers to many of your questions, explain why, correct misinformation, and identify solutions to improve your FICO scores. Let’s go! (Information referenced on this blog must be sourced.)

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Interest rates have dropped further over the last few weeks to all-time lows to the surprise of many. As a result, home purchasing power for many prospective home buyers has increased substantially since the beginning of 2020. This is one positive from the market chaos created from the coronavirus.

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Do you know when a lender's inquiry lowers your FICO scores? Or how your interest rate is determined on your mortgage? And the best loan to take out when trying to reestablish and build your FICO scores the fastest?

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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!

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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.