Credit Score Boost: How Your Behavior Affects Your Credit

Recent credit – up to 10%

FICO is the name of the dominant analytics program used to determine credit scores. This information is publicly available to both lenders and borrowers. Here, there are two things you should know:

  • Each time a potential lender requests for your credit score — like a bank or a business — FICO records a hard inquiry.
  • When you request for your credit score, this is a soft inquiry, typically unrecorded by FICO.

When determining your credit score, FICO will consider the number of hard inquiries made over the past year, in addition to other elements of the credit report.

If your recent credit history has seen a sudden rise — such as opening multiple loans or credit card accounts — your credit score is reduced. The lender assumes you are close to your credit limit cap.

It is best to be judicious about the number of times you apply for credit within any 12-month period.

Small-cap winners galore

The big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
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Smarter cryptocurrency investments

The stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.
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