Personal blog on early retirement, selling tradelines, and analytics projects. I write about what I learn as I am learning it.
La primera vez que alguien me preguntó sobre el buró de crédito en el contexto de las tradelines, me di cuenta de que mucha gente no sabe exactamente cómo funciona ese sistema. Y tiene sentido — el término “buró de crédito” en realidad abarca tres agencias distintas, cada una con su propia base de datos, y entender cómo interactúan es clave antes de tomar cualquier decisión financiera.
People ask me pretty regularly whether they should hire a credit specialist before buying a tradeline. It’s a fair question — and the honest answer is: sometimes yes, sometimes you’re just paying for something you can do yourself.
Continue reading “What a Credit Specialist Actually Does (And When to Skip One)”
El puntaje de crédito es el número que decide si te aprueban o no — para un apartamento, para un préstamo de carro, para una hipoteca. Pero la mayoría de la gente no sabe exactamente qué lo mueve, y termina haciendo cosas que no ayudan (o que activamente dañan). Vendo tradelines hace tiempo y estas preguntas me llegan constantemente, así que aquí va la explicación sin rodeos.
Continue reading “Puntaje de crédito: cómo funciona y cómo subirlo”
Navigating the realm of credit scores can be perplexing, especially when trying to understand the implications of specific numbers. Many ask, “Is a 662 credit score good?” This score, residing in the gray area between the highest and lowest ends of the credit spectrum, can be somewhat of a conundrum. In this comprehensive exploration, we will delve into what a 662 credit score means for your financial opportunities and how it can influence your borrowing capabilities. For a full explanation of what is a fair credit score, I wrote a dedicated post on that.
Here’s something that surprises a lot of people: turning 18 doesn’t give you a credit score. You don’t start at 300, you don’t start at 500, you don’t start at zero — you don’t have a score at all. FICO needs at least one account that’s been open for at least six months before it can generate a score. If you’ve never been on a credit account, your file is blank. Lenders who pull your credit will see a thin file or a “no score” result.
Continue reading “What Is Your Credit Score When You Turn 18?”