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Credit scores factor into the majority of lending decisions, including those for mortgage and rental applications. In most of these scenarios, lenders determine an applicant's eligibility by weighing his or her FICO® Score.
FICO recently rolled out an enhanced version of their Score Simulator that helps prospective homebuyers and renters understand the impact their actions have on their credit scores. The tool simulates actual FICO Scores, allowing users to enter multi-action simulations and providing side-by-side comparisons with data from the three major credit bureaus.
The what-if simulations include over 20 distinct actions, such as:
• Forgetting to Pay a Bill
• Increasing a Credit Account Limit
• Maxing Out a Credit Card
• Paying Down a Credit Card Balance
• Refinancing a Mortgage
• Taking Out a Car...
Quality materials matter in any remodel—and when renovating the kitchen, no material matters more than the cabinets.
"One of the most critical times in a remodel or new construction is when customers order their kitchen cabinets," says Greg Truex, senior director of the at-home practice at J.D. Power.
J.D. Power recently released their annual report of the kitchen cabinetmakers ranked highest in customer satisfaction, rated by factors including design, operational performance and price. The top five are:
1. Thomasville
2. SEKTION (IKEA)
3. American Woodmark
4. KraftMaid
5. Hampton Bay
Also included in the report are the purchasing behaviors of kitchen remodelers. Notably, 66 percent are first-time kitchen cabinet buyers, and 34 percent have not purchased a kitchen cabinet in nine years—possibly signaling a correlation between the rankings and the preferences of new...
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