Credit Sesame Expert's Corner

Here in the Expert's Corner, we highlight the latest expert advice and commentary in the news from Credit Sesame. John Ulzheimer, credit expert for Credit Sesame, is the only recognized expert who comes from credit industry. Formerly with FICO and Equifax, John has been quoted and published over 3,000 times on the topic.

CBS Money Watch — Why you need to know your VantageScores

July 1, 2015

cbs moneywatch

Until recently, FICO was the only credit scoring formula that mattered. Now the leading score has a real rival: the VantageScore.

“That’s essentially the calm before the storm, as that kind of activity indicates more adoption,” said CreditSesame credit scoring expert John Ulzheimer, who has worked for both Fair Isaac (FICO), which created the FICO score, and credit bureau Equifax (EFX). “They’ve solidified themselves as FICO’s primary competitor, which isn’t a bad place to be.”

Forbes — 10 Ways To Help Get Financially Fit In Your Youth

June 23, 2015

Don’t be afraid of credit cards. Using two to three reputable credit cards is “a great way to build credit,” says John Ulzheimer, president of consumer education for the website Credit Sesame®. “They provide a large amount of buying power with almost no exposure to fraud losses, thanks to the Fair Credit Billing Act.”

 

 

TODAY — How to use a free credit score, and what to do with it

November 12, 2014

Today

“There’s this myth, which has now taken on a life of its own, that everyone has a single credit score, just like we have a cholesterol number,” said John Ulzheimer, credit expert at CreditSesame.com. “In reality, there are countless credit scores based on all sorts of different metrics that can be used to assess your creditworthiness.”

TIME — 5 Holiday Spending Mistakes That Can Kill Your Credit

November 6, 2014

Time

Loading up a low-limit card. This is a corollary to not maxing out your cards because your credit is scored based on both your per-card as well as aggregate limits, explains John Ulzheimer, credit expert at CreditSesame.com. “The closer your balance is to your credit limit, the lower your credit scores,” he says.

Kiplinger — New Formula for Credit Scores

November 2, 2014

kiplinger

“The other change can make a bigger difference. If the only negatives on your report are collection accounts that have been reported to the credit bureaus as having a zero balance, the new formula could make your score “fly through the roof,” says John Ulzheimer, of CreditSesame.com.

The New York Times — Mortgages After Bankruptcy

October 31, 2014

nyt

But John Ulzheimer, a credit expert at CreditSesame.com, which offers advice on managing credit, cautioned that “just because the rules say that you can apply after 24 months, that doesn’t necessarily mean it’s a smart financial move to apply,” be it for purchasing or refinancing. Borrowers who go through a bankruptcy usually come out the other side with a credit score in the low 500s, he said. The minimum credit score for consideration for a mortgage is usually around 620, but even then, the interest rate will not be very competitive, he added.

“If you want to get your scores high enough to where you can get a truly competitive rate, then you’re looking at five years to even get it to 680, assuming you’re not missing payments or going into default again,” Mr. Ulzheimer said.

Yahoo! Finance — Best Ways To Repair Your Credit Score

October 27, 2014

Yahoo! Finance

If you’re unable to pay all of your bills on time, “cushion the blow to your credit score by defaulting on just one account. There is a component in the FICO score called ‘prevalence,'” says John Ulzheimer, president of consumer education at CreditSesame.com. “That means having five collections is worse than having one.” He recommends that you “let the account with the highest monthly payment fall behind to free up more money every month to pay your other debt obligations.”

Bankrate — 11 Hidden Card Fees You’ve Never Heard Of

October 24, 2014

bankrate

“With other financial products, “most fees are charged because (firms) want to generate revenue,” says John Ulzheimer, president of consumer education at CreditSesame. But when it comes to credit cards, fees are largely punitive.

Men’s Fitness — Play Your (Credit) Cards Right

October 23, 2014

Men's Fitness

“But, for all the inherent risks of embracing plastic, there are perks, too. They help build credit, they offer fraud protection as well as perks such as rental-car insurance, and they’re a uniquely efficient, portable form of purchasing power. “How else can you carry $30,000 in your pocket, with no liability if you lose it?” says John Ulzheimer, the credit expert at creditsesame.com.

Yahoo! Finance — What Seniors Should Look for in a Credit Card

October 22, 2014

Yahoo! Finance

“Given that most are on fixed budgets, “they tend to gravitate toward cards that are more fee-friendly and rate-friendly,” says John Ulzheimer, president of consumer education at CreditSesame. “They may not have debt, and even if they do … they’re trying to carry it at the lowest cost as possible” to avoid eating into their nest eggs.”

The Motley Fool — 7 Credit Myths You Thought Could Hurt Your Score, but Don’t

October 18, 2014

The Motley Fool

Credit Expert at CreditSesame.com, John Ulzheimer, stated that, “Another thing to consider, along with expensive interest, is the impact on your credit scores of carrying a balance … Carrying a large balance relative to your credit limit can have a negative impact on your credit. Less than 10% should be your target.”

The Wall Street Journal — Millions of Consumers to Gain Access to Credit Scores

October 17, 2014

The Wall Street Journal

“Moreover, more than 45 types of FICO scores are available to lenders, says John Ulzheimer, president of consumer education at CreditSesame.com, a credit management  site, and a former manager at FICO.  FICO has various scores that lenders can choose among based on their preferences and for different purposes. There are FICO scores that assign more weight to how consumers manage their credit-card debt, others that focus more on car-loan debt and others on home-loan debt.”

The Wall Street Journal — Unsecured Loans Are Attractive for People With Good Credit

October 9, 2014

The Wall Street Journal

“A personal loan can also make a borrower more attractive to other lenders. By moving credit-card debt to a personal loan, borrowers’ so-called credit-utilization ratio—their credit-card balances compared with their total credit-card limits—will shrink, and thereby help boost their credit score, says John Ulzheimer, president of consumer education at CreditSesame.com, a credit-management website.”

Bankrate — 6 Things To Do Before You Buy A Home

October 8, 2014

bankrate

“It’s a brave, new world with respect to credit requirements for mortgages,” says John Ulzheimer, president of consumer education at CreditSesame.

One old rule still applies: The higher your credit score, the lower your monthly payments.

Bankrate — 5 Uncommon Ways to Raise Your Credit Score

October 7, 2014

bankrate

“If you only have one or two bad marks on your credit record, you may be able to get them expunged, says John Ulzheimer, president of consumer education at Credit Sesame.

Say you’ve paid late, but have an otherwise spotless credit history. You can ask your lender for a “good-will deletion,” he says. “It doesn’t mean it is wrong or was reported incorrectly. Essentially, what you’re doing is asking the creditor to cut you some slack.”

Bankrate — 7 Simple Ways to Improve Your Credit Score

October 7, 2014

bankrate

“A good way to improve your score is to eliminate nuisance balances,” says John Ulzheimer, president of consumer education at CreditSesame. Those are the small balances you have on a number of credit cards.

This works because one of the items your score considers is just how many of your cards have balances, says Ulzheimer.

Bankrate — How Many FICO Credit Scores Do You Have?

October 7, 2014

bankrate

“Remember when Microsoft introduced Windows 95? Three years later, it followed up with Windows 98. In the years since, we’ve met Windows 2000, XP, Vista and versions 7 and 8. The main FICO score, known as a general risk credit score, is similar to Windows’ evolution, says John Ulzheimer, president of consumer education at CreditSesame.”

U.S. News & World Report — Watch Out for These Credit Score Scams

October 3, 2014

U.S. News & World Report

“CreditSesame.com credit expert John Ulzheimer says companies are increasingly using free credit scores as a “loss leader” to attract consumers, and that the only cost of accessing your free score is receiving promotional emails — a trade-off he calls a good deal.”

U.S. News & World Report — Are Credit Scores Really Free?

October 1, 2014

U.S. News & World Report

“John Ulzheimer, a credit expert at CreditSesame.com, says that websites often offer free credit scores to attract consumers, who might ultimately sign up for other services or products like premium credit monitoring. “Credit scores have gone from being a consumer product to a loss leader,” he says. For example, CreditSesame.com, which offers free credit scores, also sells “platinum protection,” which includes identity theft insurance of up to $1 million and daily​ credit score updates for $14.95 a month.”

MainStreet — Congress Is Looking for Ways to Give Your Credit Score a Boost

September 23, 2014

mainstreet

“That means if you settled your defaulted credit card debt or disposed of your home via a short sale, the item would be removed 45 days after the item was updated to show a zero balance, as if it never existed,” wrote John Ulzheimer of CreditSesame.com, in an article for Business Insider. “This would act as an incentive for some people to game the system by taking out large amounts of debt, defaulting, and then settling the debt knowing their credit reports would be clean in less than seven weeks.”

Time — How to Raise Your Spouse’s Low Credit Score

September 19, 2014

Time

“It’s a horrible idea,” says John Ulzheimer, credit expert at CreditSesame.com. “When you co-sign you are essentially…guaranteeing payment on behalf of someone whom the lender feels isn’t credit worthy on their own.”

Co-signed debt can also come to haunt you, should you ever get divorced. “There’s no easy way to separate yourself from it,” says Ulzheimer. “When the two of you break up, you’re still connected via the liability, whether you want to be or not.”

Yahoo! Finance — How do I stop getting unsolicited credit card offers?

September 16, 2014

Yahoo! Finance

“Note that opting out will not impact your credit score, and it also won’t completely stop the credit card solicitations from coming. It will only stop the pre-approved credit card offers, says John Ulzheimer, credit expert at CreditSesame.com. Credit card issuers can still mail you invitations to apply that are not being sent because you’ve been prescreened. “

FoxBusiness — Can You Benefit From Your Credit Card’s Mall?

September 15, 2014

FoxBusiness

“Another risk consumers face is something called “chasing the rewards,” says John Ulzheimer, credit expert at CreditSesame.com. According to Ulzheimer, “chasing the rewards” is what happens when shoppers use rewards as an excuse to spend more money than they would otherwise.”

Business Insider — The Newest Credit Reporting Act Doesn’t Have a Chance

September 15, 2014

business insider

“It contains two or three provisions that would reasonably improve the credit reporting environment, but it also contains many more that would radically alter credit report data and credit score capabilities. The bill is sure to get considerable opposition, and rightfully so. Here’s why…”

The Wall Street Journal — Credit Reports Would Be Overhauled Under a New Bill

September 10, 2014

The Wall Street Journal

“The changes in the Waters bill “would result in gaping holes in the ability of credit reports to truthfully memorialize [borrowers’] credit practices,” said John Ulzheimer, president of consumer education at CreditSesame.com, a credit-management site, and a former manager at Fair Isaac , whose FICO score is used in most lending decisions. “This would turn someone who has a horrible credit score to someone who has almost a perfect credit score…[and] lenders [would] make decisions without all the facts.”

The Washington Post — The bill that could radically improve your credit score

September 9, 2014

The Washington Post

“Removing any adverse debt from a report within 45 days of it being paid or settled, as the bill proposes, could make a reckless borrower appear to be a good credit risk, said John Ulzheimer, a credit expert at Credit Sesame, a consumer credit Web site. Ulzheimer worries that unilaterally removing all debt in collections that have been paid would erase information needed to assess the risk in extending credit, leaving lenders vulnerable to defaults.”

Yahoo! Finance — What’s better: 3 credit card account balances with 0% interest or one with 17% interest?

September 9, 2014

Yahoo! Finance

“It’s not good for your score to spread your balances across three credit cards. Credit scoring models penalize you for having multiple accounts with balances, so obviously it would be best to move the balances to one card, says John Ulzheimer, credit expert at CreditSesame.com.  The key thing to remember is that the interest rate only matters if you carry a balance.”

TheStreet — Secret Ways to Earn More Points and Rewards with Your Credit Cards

September 8, 2014

thestreet

“Add authorized users. This works two ways, says John Ulzheimer, the credit expert at CreditSesame.com who is based in Atlanta. You can rack up more points because more people are charging more to your card. Ulzheimer says he gets his wife to use his Delta SkyMiles credit card so he can get more miles faster.”

CNBC — Quick hacks for a better credit score

August 22, 2014

cnbc

“Consumers will likely find they have a longer wait for a better score under the new model, however. “It takes lenders in some cases years to update from older scoring systems,” said John Ulzheimer, president of consumer education for CreditSesame.com.”

SunSentinel — Information you can bank on

August 21, 2014

SunSentinel

“That’s good news for millions of would-be borrowers who might be able to get loans they otherwise would be rejected for. But lenders are not obligated to buy the new version of FICO scores, just like you can continue using the old operating system on your computer after a new one is released. It could be years before use of the new score is widespread, said John Ulzheimer, credit expert with CreditSesame.com.”

Bankrate — Getting your student a credit card

August 18, 2014

bankrate

“Just make sure your issuer reports its authorized users to the credit bureaus. If they’re not doing so, “it’s like the tree falling in the woods,” says John Ulzheimer, president of consumer education at Credit Sesame. ” You’re not doing anything to build your credit.”

CNN Money — Got medical debt? Your FICO credit score may go up

August 17, 2014

CNN Money

“This underscores that medical obligations are very different than any other kind of obligations because consumers don’t choose to incur hospital debt — it’s a very different type of risk posed by a consumer when they default on that type of debt,” said John Ulzheimer, expert at CreditSesame.com.”

Kiplinger — Understand Your Credit Utilization Ratio

August 15, 2014

kiplinger

“Whatever balance shows up on your credit report is what’s used in the utilization calculation,” says John Ulzheimer, credit expert at CreditSesame.com. That figure is generally the previous month’s balance that appears on your statement, even if you pay the bill in full by the due date.”

Main Street — New FICO Model Could Push Scores Higher

August 15, 2014

mainstreet

“This doesn’t happen overnight,” says John Ulzheimer, president of consumer education at CreditSesame. “FICO 8, the previous model, has been out since 2009 and it has finally achieved critical mass five years later, so consumers may not realize the helpful aspects of the latest scoring model for quite some time.”

TODAY — Banking by smartphone can hang up your money

August 13, 2014

Today

“Ten days to get your money, that’s absurd,” said John Ulzheimer, president of consumer education at CreditSesame.com. “While this is cool technology, it doesn’t necessarily mean that it’s better.”

CNBC — Not so smart? Bank deposits by phone

August 13, 2014

cnbc

“Ten days to get your money, that’s absurd,” said John Ulzheimer, president of consumer education at CreditSesame.com. “While this is cool technology, it doesn’t necessarily mean that it’s better.”

Kiplinger — Get a Free Credit Report More Than Once a Year

August 12, 2014

kiplinger

“But do you need to check your credit reports each week? True, your credit reports change multiple times each month as creditors update accounts, but viewing your reports every seven days would “be like watching grass grow,” says John Ulzheimer, the credit expert at Credit Sesame…

Kiplinger — Merging Credit Card Accounts

August 12, 2014

kiplinger

“John Ulzheimer, credit expert at CreditSesame.com, recommends keeping your utilization ratio as low as possible — especially before you apply for a mortgage. In fact, it’s a good idea to keep your utilization ratio at 10% or less for three to six months before applying for a home loan.”

SFGate — FICO shift’s impact might not be huge

August 12, 2014

San Francisco Chronicle

“They may use the score as a first round qualifying or disqualifying factor,” says John Ulzheimer, a credit expert at CreditSesame.com. But “they don’t blindly go by the score. It is always accompanied by the credit report and they often consider information from the credit report.”

Credit Union National Association — Changes in FICO scoring could improve credit access

August 11, 2014

CUNA

John Ulzheimer, a credit expert at consumer credit website Credit Sesame, told The New York Times last week that the FICO change likely wouldn’t be the difference between a loan approval or denial, but it is enough to lead to a more advantageous rate. But consumers whose score is currently deflated due to medical debts can expect to see their score “go through the roof,” Ulzheimer said.

MarketWatch — Why FICO’s New Credit Model Won’t Boost Your Score

August 11, 2014

marketwatch

And for those most likely to benefit — people with pristine reports except for medical debt — banks may move slowly. The new scoring system, involving 12 new scoring models across the three national credit reporting agencies, will take years to obtain a critical mass of users, as adoption is expensive and time consuming, says John Ulzheimer, credit expert at financial website CreditSesame.com. “FICO 8,” the most current version of the FICO score, was introduced in July 2009 but only recently adopted by most major lenders, he says. “Market availability does not mean immediate market adoption.”

TIME — Finally, Some Good News About Your Credit Score

August 11, 2014

Time

“It’s almost like there’s a credit scoring arms race taking place, and consumers are benefiting,” says John Ulzheimer, president of consumer education at CreditSesame.com.

FICO’s main competition is VantageScore, a scoring model created by the three big credit bureaus. Last year, a version of VantageScore that minimized the impact of old collections on a person’s score was rolled out, a step FICO’s new scoring model also takes.

“I do like the consistency between VantageScore and FICO,” Ulzheimer says. “Both credit scoring giants seems to agree that collections that have a zero balance have lost importance to risk assessment and can now be ignored.”

The Dallas Morning News — Big changes in how widely used FICO credit score treats medical debt

August 10, 2014

Dallas Morning News

“FICO’s new scoring logic will help some consumers more than others,” said John Ulzheimer, president of Consumer Education at CreditSesame.com. “Consumers who have pristine credit reports but for medical collections will also likely see their scores skyrocket when those collections are paid, settled and then eventually updated to show a zero balance, as they’ll be ignored.”

Tech Times — Credit scores going up: What you need to know about new FICO system

August 9, 2014

Tech Times

John Ulzheimer, Credit Sesame credit expert and former FICO employee, said that the new system will not really affect whether a loan is approved or denied but rather will determine the kind of rate consumers are given.

“It takes a long time for credit scoring systems to achieve critical mass. It takes years for lenders to gravitate from older versions to newer versions. The changes will only help consumers in as much as the lenders they apply with actually use that new score,” he adds.

American Banker — Morning Scan: Credit Scoring Gets a Shake-Up

August 8, 2014

American Banker

People whose credit scores had been damaged by medical debt may get a particularly big boost from the new model: “That is when you could expect to see your score go through the roof,” Credit Sesame expert John Ulzheimer told the New York Times.

Bankrate — Med collections hurt less in FICO 9

August 8, 2014

bankrate

After that, “you can tack on several years before it achieves critical mass,” says John Ulzheimer, president of consumer education at CreditSesame, says. However, “it’ll help some consumers some day down the road.”

AARP — FICO Eases Pain of Medical Debt on Credit Scores

August 8, 2014

AARP

“It’s good news, but I don’t want to suggest that it’s … the next coming of peanut butter,” says John Ulzheimer, president of consumer education at CreditSesame.com, a credit-information website.

The medical changes will most likely benefit consumers with good credit scores who have taken ill and missed payments, he says. And because FICO is beginning to ignore collections that have been repaid or settled, this may encourage consumers to work with debt collectors to reach a compromise.

Yahoo! Finance — Should risky borrowers get easier access to credit?

August 8, 2014

Yahoo! Finance

“If you have any money in default, whether it’s $2,000, $10,000 or $20,000, it indicates elevated credit risk, and that’s been true for decades,” says John Ulzheimer, a credit expert with Credit Sesame, a consumer credit website. “Now all of a sudden, by allowing that consumer to get more into debt, you’re not only setting up the lender for risk, but saddling a borrower with debt they [possibly] couldn’t afford.”

But, as Ulzheimer is quick to note, the argument against FICO’s decision to give people a break on medical debt collections would somehow unleash a stream of unworthy credit borrowers into the market is much harder to back up.

The Washington Post — Your Credit Score Could Go Up Without You Lifting a Finger

August 8, 2014

The Washington Post

“It takes a long time for credit scoring systems to achieve critical mass. It takes years for lenders to gravitate from older versions to newer versions,” said John Ulzheimer, a credit expert at Credit Sesame, a consumer credit Web site. “The changes will only help consumers inasmuch as the lenders they apply with actually use that new score.”

The Wall Street Journal — A Higher FICO Score Can Save Borrowers Thousands of Dollars

August 8, 2014

The Wall Street Journal

Lenders charge higher interest rates on car loans largely because most cars depreciate in value, says John Ulzheimer, president of consumer education at CreditSesame.com and a former Fair Isaac manager. Also, because cars are mobile assets, they’re more likely to get damaged than homes. And unlike with mortgages, many lenders will offer car loans to borrowers with very low credit scores in exchange for high interest charges.

Chicago Tribune — Millions to get break in new credit score calculation

August 8, 2014

Chicago Tribune

“These are a couple of changes that are major,”said John Ulzheimer, credit expert with CreditSesame.com.

Even small increases in credit score can mean the difference between making the cutoff for getting a loan, though consumers whose only credit dings are medical debts probably already have decent scores, Ulzheimer said. So the difference might not mean approval or denial but getting better terms, he said.

9 WSOC TV — FICO’s new model could raise credit scores

August 8, 2014

John Ulzheimer, Credit Sesame on 9 WSOC TV

Fair Isaac Corporation, one of the largest credit score companies, is changing the way it sets credit scores by giving less weight to unpaid medical bills. Channel 9 in Charlotte interviews Credit Sesame’s credit expert, John Ulzheimer about the change.

Market Place — What you should know about the changes to credit scores

August 8, 2014

MarketPlace

“John Ulzheimer, a credit expert at credit education website Credit Sesame and a former manager at FICO, says what is certain is that FICO carefully considered the changes. “The only reason someone like FICO is going to make this type of drastic change to their scoring system is because the science behind it supports the change,” he says.  “As time changes, different data elements on a credit report are tested to make sure they’re still predictive of elevated risk.”

The Wall Street Journal — FICO Recalibrates Its Credit Scores

August 7, 2014

The Wall Street Journal

Fair Isaac releases new scoring models every few years, and it is up to lenders to choose which ones to use. The new score will likely be adopted by credit-card and auto lenders first, says John Ulzheimer, president of consumer education at CreditSesame.com and a former Fair Isaac manager.

CNN Money — Got medical debt? Your FICO credit score may go up

August 7, 2014

CNN Money

“This underscores that medical obligations are very different than any other kind of obligations because consumers don’t choose to incur hospital debt — it’s a very different type of risk posed by a consumer when they default on that type of debt,” said John Ulzheimer, expert at CreditSesame.com.

MainStreet — How to Launch a Startup Without Debt

August 6, 2014

mainstreet

“Certainly you can self fund the operations of a start up, if you’ve got the working capital to do so but this means you’ll be taking money from your personal savings and using it in lieu of money from a bank, a credit card issuer or an investor,” said John Ulzheimer, expert with CreditSesame.com.

TIME — The Dark Side of Retailer Credit Cards

August 6, 2014

Time

If you pay your bill off in full every month, you’ll never be affected by that subprime-like rate. But if you carry a balance, notes John Ulzheimer, a credit expert at CreditSesame.com, “whatever discount you got at the register will be eaten away really quickly, and you’ll end up paying more for the merchandise than you would have if you’d used a general-use card.”

Los Angeles Times — Take a retirement annuity or a lump sum?

August 3, 2014

Los Angeles Times

The Fair Credit Reporting Act “is silent as it pertains to government-guaranteed student loans,” said credit expert John Ulzheimer, president of consumer education at CreditSesame.com. “The Higher Education Act allows them to remain on credit reports as long as they’re unpaid.”

Fox Business — Your Credit Score and Credit Report are Different

July 29, 2014

FoxBusiness

However, many people assume that the credit check is only done as a pre-employment measure, says John Ulzheimer, president of consumer education for CreditSesame.com. “Many companies regularly check employee’s credit reports, especially for certain positions, to make sure that any areas of concern do not appear,” Ulzheimer says. “If you stop paying bills and have negative information on your credit report, it can affect your continued employment even after you get the job.”

Chicago Tribune — Family Finances: Boost Your Credit Score

July 29, 2014

Chicago Tribune

You may never see the score your lender is viewing. FICO produces many versions of its credit score; some of them are designed for specific types of lenders. You’ll see those scores only if a lender has declined to grant you credit and discloses the score to you as required by law, says John Ulzheimer, credit expert with Credit Sesame.

Star Tribune — Take Advantage of Credit Cards and Good Credit

July 26, 2014

Star Tribune

A barrage of credit card offers is a cyclical phenomenon, said John Ulzheimer, president of consumer education at CreditSesame.com. Sometimes the offers include 0 percent financing, but they can also be balance transfers or sign-on bonuses. The no-interest offers being distributed now are really a “Christmas in July” kind of gift. “The banks realize we’re five months away, but they want to get them in your pockets and activated long before then,” he said.

The Street — Yes, credit score and credit report are two different things

July 23, 2014

thestreet

“However, many people assume that the credit check is only done as a pre-employment measure, says John Ulzheimer, president of consumer education for CreditSesame.com.

“Many companies regularly check employee’s credit reports, especially for certain positions, to make sure that any areas of concern do not appear,” Ulzheimer says. “If you stop paying bills and have negative information on your credit report, it can affect your continued employment even after you get the job.”

MainStreet — Why Older People Have Higher Credit Scores

July 21, 2014

mainstreet

“Older people have older credit reports and they have less debt relative to the credit limits and original loan amounts,” said John Ulzheimer, contributor with CreditSesame. “All of those things scream less risky.”