Credit Coaching - We can help you Take Control of your FICO credit score.

During these credit crunch times it’s important to know more about YOUR CREDIT!

Do you know your credit score? How about your FICO® Score?
Did you realize there is a difference and lenders only want
your FICO® Score?


We will empower you obtain your FICO® Score through: www.myfico.com

You may be paying thousands of dollars in interest a year because of your FICO score. After signing up for the 90 Day Credit Challenge, we pull your credit report and FICO score (included in the price), we then break down your current credit report for you, and guide you with helpful tools for you to better manage your credit.

Here are the factors that create your FICO score:

35% Payment History: We all think we know our history of reporting until we have a look at our credit report. You may be shocked to find out that there are accounts reporting with late payments. Being aware of what’s on your credit reports is critical. Even when financial times are difficult, paying all your minimum payments is crucial, as new late payments hurt your score the most. It’s also important to have no outstanding collection reporting. Many times we might be unaware or dismiss an old cable bill from a previous address or medical co-pay. These oversights, intentional or unintentional, will go on your report. And even though the outstanding bill may be as little as $10, not paying it can drop your FICO® Score by as much as 100 points.

30% Balances on Accounts:
Did you know that your home equity loan could be dropping your FICO® Score? If you’ve borrowed up to the amount the bank made available to you could be losing points. This is also true for your credit cards. If you max out your credit cards, you max out this part of your score. By lowering balances down from the high limit, your FICO® Score will jump up.

15% Length: The FICO® Score gives you more points the longer you have credit. If you are new at using credit, it will take some time to achieve the 700 or 800 scores. But time will give you those scores if you use your credit wisely.

10% New Credit: The only thing you really need to know about this part of the score is to not open any new accounts before applying for a loan or making a big purchase such as a mortgage or auto loan. You want to have the highest score possible and new accounts can actually drop your score for the first 6 months! If you are not in need of a big ticket purchase, then hold off. It keeps you building a better score.

10% Types of Credit: Manage your FICO® Score through diverse credit. Diverse credit may show that you can handle many different types of accounts such as mortgages, auto loans, boat loans, credit cards, student loans, etc…. If you only have two credit cards or you stop using credit this portion of your score will suffer.

The Credit Owl is here to coach you every step of the way.



"Being aware of your credit and using it
in a healthy manner will help you obtain loans
when you need them."



The Credit Owl offers:

Credit Coaching & Counseling
Building & Manage Credit
Credit Self Help Experts
Bad Credit into Great Credit
Build, Boost & Raise Credit Score
Fix & Improve Credit after Bankruptcy or Divorce

Learn about our 90 Day Credit Challenge

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