Credit Logic

Credit Logic Credit Logic is a non-profit 501(c)(3) providing credit education and financial literacy services to

Providing credit education and financial literacy services to individuals & families in underserved communities worldwide.

Start the New Year off right on a path to a better credit score!
12/30/2021

Start the New Year off right on a path to a better credit score!

Difference in FICO Scores happens to better meet the demands of today's credit usage and to meet the needs of different ...
05/28/2021

Difference in FICO Scores happens to better meet the demands of today's credit usage and to meet the needs of different types of lenders.

Auto lenders and credit card issuers look at some things differently to determine your creditworthiness. FICO created industry-specific scores to help these lenders make better decisions and serve their customers better.

Generally, a 670 credit score or above is considered a good credit score, while any score above 800 is considered excell...
05/21/2021

Generally, a 670 credit score or above is considered a good credit score, while any score above 800 is considered excellent.

Every expert, credit bureau, and loan officer has a different opinion as to where the threshold between good credit and poor credit is. Your score may be considered bad by one loan agency, but acceptable by another.

Poor mental health can make earning and managing money harder. And worrying about money can make your mental health wors...
05/20/2021

Poor mental health can make earning and managing money harder. And worrying about money can make your mental health worse. It can start to feel like a vicious cycle.

Organizing your money is often the first step to feeling in control. Reach out to us, we can help you gain some control.

Tip of the Day - It's best to keep unused credit cards open so that you benefit from a longer average credit history and...
05/19/2021

Tip of the Day - It's best to keep unused credit cards open so that you benefit from a longer average credit history and a larger amount of available credit. Credit scoring models reward you for having long-standing credit accounts, and for using only a small portion of your credit limit.

Setting short-term, mid-term, and long-term financial goals is an important step toward becoming financially secure. If ...
05/17/2021

Setting short-term, mid-term, and long-term financial goals is an important step toward becoming financially secure. If you aren’t working toward anything specific, you’re likely to spend more than you should.

What Is a FICO Score?A FICO score is a credit score created by the Fair Isaac Corporation (FICO). Lenders use borrowers’...
05/14/2021

What Is a FICO Score?

A FICO score is a credit score created by the Fair Isaac Corporation (FICO). Lenders use borrowers’ FICO scores along with other details on borrowers’ credit reports to assess credit risk and determine whether to extend credit. FICO scores take into account data in five areas to determine creditworthiness: payment history, current level of indebtedness, types of credit used, length of credit history, and new credit accounts.

Tip of the Day: Try and paying credit card balances in full when you’re able. It may help prevent your credit score from...
05/12/2021

Tip of the Day: Try and paying credit card balances in full when you’re able. It may help prevent your credit score from lowering and can save you money long-term.

While it may seem like only a small thing, it’s good to always make the minimum payment. Doing so can help you avoid late fees and having your lender report a missed payment to the credit reporting agencies. This is vital to your credit health because on-time payments are one of the important credit score factors.

Many creditors share your payment information with the three major consumer credit bureaus — Equifax, Experian and Trans...
01/09/2021

Many creditors share your payment information with the three major consumer credit bureaus — Equifax, Experian and TransUnion — falling behind on your bills could negatively affect your credit scores!

Industry-specific FICO® Scores are FICO Scores versions that are optimized for a certain type of credit product, such as...
01/08/2021

Industry-specific FICO® Scores are FICO Scores versions that are optimized for a certain type of credit product, such as auto loans or credit cards. The foundation of these versions is the same as the base FICO Score versions, but they are fine-tuned based on industry-specific risk behaviors.

ℹ️The Fair Credit Reporting Act was developed to protect the consumer from unfair credit reporting practices. It was rev...
01/07/2021

ℹ️The Fair Credit Reporting Act was developed to protect the consumer from unfair credit reporting practices. It was revised to include online disputes under Section 611a(8). In this section, it says that the agency may disregard other paragraphs if the information is deleted within three days of notice of a dispute.

❗The paragraphs to be disregarded include the following requirements:

➡️The credit bureau doesn’t have to forward the dispute and other information to the creditor.

➡️The credit bureau doesn’t have to send you with written results from the investigation of the dispute.

➡️The credit bureau doesn’t have to show the method of verification.

Late payments remain on your credit history for seven years from the original delinquency date, which is the date the ac...
01/07/2021

Late payments remain on your credit history for seven years from the original delinquency date, which is the date the account first became past due. After two years, they will have less impact on credit scores and lending decisions.

Address

Atlanta, GA

Opening Hours

Monday 10am - 6pm
Tuesday 10am - 6pm
Wednesday 10am - 6pm
Thursday 10am - 6pm
Friday 10am - 6pm

Telephone

+17703095529

Website

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