can you help me understand credit score
Those are your scores.
All three credit bureaus have their own ways of calculating your scores and consider that all lenders do not report to all bureaus and some don't report at all so it's not uncommon to have as much as a 100-point difference between bureaus.
How will an increase in salary affect my credit score
Your income as nothing to do with your credit score and the credit bureaus do not keep track of your income. Your income should put you in yet a better position to make all your payments on time, which does affect your score. Paying off that revolving debt with all the money you are now making will also help.
Henry Said:Why are my 3 credit scores so different?We Answered:Not all companies report to all three credit bureau's.
Not all companies that even report to all 3, report at the same time.
When something is reported it's not always updated immediately with the company.
When it is reported, sometimes there might be a keying issue and it's added to someone elses report (doesn't happen often, but it happens...human error happens in anything we do).Willard Said:Has anybody noticed FICO scores are much different from individual credit bureau's scores?We Answered:If you are getting your scores directly from a specific Credit Bureau (example: an Experian report...
Phyllis Said:If I pull my credit reports form all 3 agencies, will my inquiry cause my score to lower?We Answered:No, When you pull your own report this is known as a soft pull. You can soft pull daily through services like True credit. Soft pulling can be beneficial on TU and EQ in that multiple soft pulls (over 100) can cause hard inquiries to drop before the 2 year cycle is up. This does not work on EQ.
Also please consider that only MyFICO.com has real FICO scores, so if you are pulling your credit for scores...
Marshall Said:What to do to check my free credit score report in internet?We Answered:if you are looking for the free credit score and report usa national site, check out this site
Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating.Brett Said:How can i get a free credit score report in internet?We Answered:if you are looking for the free credit report and score national site, check out this site
Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.Billie Said:How to check my free credit score report...
Jessie Said:Can I get a conventional mortgage with a credit score below 700?We Answered:This is a good site to get a start on some answers.
Scroll down to this link
FHA loans vs Conventional loans - A real comparision with 5% down - Using a 659 credit scoreBobbie Said:If my credit score is 700, may I get The lowest APR for a home loan?We Answered:700 is a good score, the credit score go from 400 to 800 with the average in USA being a 680 .With that score you will get the lowest rate.The bank that you go...
Leah Said:What type of credit score is needed for a good intrest rate for an auto loan? 650, 720?We Answered:Speaking as a nationally known credit score and lending expert (book, radio shows, newspaper columns, etc.)...
The low rate 0.99% to 3.99% generally require 720-740+ scores, depending on the offer. Otherwise for normal rates, you can get an excellent rate and even rather poor scores IF you have always paid your auto loans on time. There IS such a thing as an auto credit score, different from a consumer score or a mortgage score, or a landlord score.
In my newspaper column, I...
Eduardo Said:How do I get my FREE credit score? I already have my free annual credit report.?We Answered:if you are looking for the free credit report and score national site, check out this site
Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.Jo Said:If i already have my free annual credit report, How to get my free credit score?We Answered:if you are looking for the free credit score usa national site, check out this site
Here you can get your 3-in-1 free credit score reportEdwin Said:Help me, If i already have my free annual...
Kelly Said:what is the average american credit score?We Answered:The average American Credit Score is 723. I've been doing alot of research about this.Lori Said:What is the Average Americans Credit Score?We Answered:Yahoo home page says 692.Sandra Said:What is the average americans credit score?We Answered:Not a question that can be answered straight-forwardly. It all depends on how you run your statistics. If you go to FICO (the creators of the credit score) they will say the median score is in the low 700's (720 or so). But if you work in the financial industry on any level, you see mostly numbers...
Ella Said:What is the average American credit score?We Answered:Fair Isaac, the score creator, says that the median is 723. Yes all incorrect items, or out of date item are worth fighting for, any time a negative mark is remove it increases your score.Erica Said:I have a credit score of 645 but four unpaid charge offs on credit report is my credit ruined?We Answered:While paid off charge offs aren't as bad as a charge off, bad debt, it still keeps ones score down. YOu will just have to wait the reporting period for them to be dropped from...
Kristen Said:What is the average minimum credit score for credit card?We Answered:They usually start at 650 however some cards start at 700 but you can have a key word like collections on your report that will automatically reject the application. Most company’s set keyword rejecters in their screening I think its because they just have so many customers they don’t feel they need to take the risk they leave that up to other credit card company’s like first premier or something! Hell most are done automatically by computers and rejection keywords & of course the score is all they use...
Delores Said:Does Credit Transfer From Country To Country?We Answered:First of all, I must congratulate you on graduating soon from college!!! What a great accomplishment!!! You should be proud of yourself!!!
Secondly, you might want to consider asking for suggestions from a financial expert on how to fix your below average credit, before you leave this country. That would be a neat accomplishment, too!!
Thirdly, you have NO credit record in any other country. You will have to build credit in the new country from scratch.
Good Luck!Kay Said:What is a good credit limit for a 20 year old student?We...
Oscar Said:Getting a mortgage with someone with a lower credit score.?We Answered:ask your mortgage loan officer to run the application BOTH ways
and check out the difference for yourself
theres no sense in guessing
(thats what i would tell a client to do)Felix Said:What can I expect my mortgage rate range to be on a 130k home w/ 7k down? My average credit score is 640.?We Answered:Typically, it costs $60 a month to borrow $10,000 with a 30 year mortgage, at the fairly average rate of 6%. So, if you need to borrow $123,000, you can estimate it's going to cost in...
Tara Said:Are there any good student loans available to a person with a bad credit score?We Answered:Hi,
Have seen lots of people asking info on bad credits. Well, if you need to get your problem solved on<!--bad credit, you must know to how to confront it and how to clear the bad credit. Many factors can contribute to someone getting a "bad credit" rating, among these are non-payment of an account or late payments over an extended length of time. Take a look on
You can easily be labelled as a bad credit risk by financial companies. This can make it more...
Mary Said:What is the best way to improve my Credit Score within a year for a car loan??We Answered:there are over 1,700 items that go into your credit score
so - keep a steady job
do not apply for credit everywhere you go - looks 'desperate'
do not have existing credit maxed out - i.e. 'at limit'
pay all bills on time
pay off as much as you can - or pay it down as much as you can
have a great 2008!Harry Said:We are trying to buy a home w/ credit score of 557..... Best way to improve credit quick?We Answered:This is what you need...
Bryan Said:is it better to raise your credit score by getting a secure credit card or loan or just applying?We Answered:It sounds like you just don't have credit which isn't necessarily a bad thing.Since you are in this situation credit card are going to have a majorly high interest if I were you then I would get a secure card from your bank.This is a credit card (not tyed to your checking account)how it works is say you have 500.00 limit them you must have 500 in the bank account say that you use 200.00 in that month you have...
Shawn Said:How can I build my credit score while in the Army?We Answered:?redit repair work?d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - credit-report-free.totalh.comSylvia Said:What is a safe way to build your credit score up?We Answered:One of my friend had few late payments (two years ago) and a delinquency (payed off last March) now with one year of on time payments has seen her FICO score went up by only 5 points from 680 to 685. She is frustrated but that is how it seems to...
Lonnie Said:The Bank is stating a lower credit score than my report says?We Answered:Honestly, sometimes this "just happens". It's a sucky answer, but the truth. Pulling the credit at different times can have an affect on your score, but usually not that much. Do you normally charge a lot and then pay it off every month? Did you pull your credit just after you had a major change? Like you paid off a car or another large debt?
Because you just ran your credit, and you have the score also, meet in person with the mortgage...
Jessie Said:Are there any free online credit score websites for Canadian Residents?We Answered:http://www.freecreditreport.comDiane Said:Will a bad Canadian credit score affect my US credit?We Answered:You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - credit-report-score.10001mb.comRafael Said:canadian credit card with credit score of 670 on equifax?We Answered:670 can qualify you for a credit card with many card issuers.
Which is the best one depends on what you want. I pay my cards each month and take a cash rebate for all my purchases. IF the terms are similar in Canada as here in...
Alvin Said:After you make a payment when does your credit score change?We Answered:Paying off a collection will not improve your credit score, the damage has already been done.
The account will be reported on your credit history for the remainder of the 7.5 year reporting period. The collection account will just update to paid collection.
The impact of the collection will lessen after the account is two years old.Katrina Said:How does your credit score change when you get married?We Answered:Marriage does not merge credit scores. His poor credit will only affect joint credit applications -- the interest rates...
Rachel Said:What is the cheapest way for me to get my credit report?We Answered:Go to these websites and request a credit report, you are entitled to one per year from each bureau for the price of FREE!!! Cheap enough?
Getting one per month is a very bad idea as the inquiries will begin to diminish your credit score, trust me I study credit reports every day. Excessive inquiries chip away at it fast and 1/month = 12/year, this is considered excessive to the credit bureaus. Hope this helps a bit.Gary Said:How do i get my actual...
Mary Said:Where can i find a credit report/score from 3 bureau credit report for a very cheap price?We Answered:try this site its free
https://www.annualcreditreport.com/cra/i…Marjorie Said:Which is the best and cheapest way to get your credit score and report?We Answered:"Cheapest?" It's free once a year from each of the major credit reporting agencies.
You can get it online.Brian Said:Where can I get cheap credit reports and scores for all three bureaus or just experian?We Answered:Go to a bank and tell them you are interested in obtaining a loan. Any time a bank looks to approve you they automatically run your credit...
Joan Said:How can your credit score keep you from getting a job?We Answered:If someone has not taken care of their responsibilities in their personal life, would you trust them professionally? As a former employer, I included this in my list. If a guy was $50k in debt and wanted an $9 hour job as a grease monkey, I knew not to give him the keys to my shop. Stuff tends to disappear with desparate guys running things.
My kids tell me that you have to have perfect credit to work in a bank or brokerage. I...
Rick Said:How does using a consumer counseling service affect your credit score?We Answered:Your credit history will be marked as being "counseled" with a Debt Management Plan. Also, lenders close the account (which looks bad on your credit history) while you are under a Debt Management Plan. This may shy some conservative lenders away.Jorge Said:Does using Consumer Credit Counseling Services have any impact on credit score or creditworthiness?We Answered:This actually hurts your credit. You are better off paying your creditors on your own. I have listed a webpage below that has free consumer information on credit repair...
Gerald Said:How does a "Settled in Full for less than balance" reported to the credit bureaus affect credit score?We Answered:I am going to disagree and I'll be happy to explain.
None of us really know the exact way scores are calculated since it's a trade secret.
All we do know is that scores are based on the following;
1. Pay history 35%
2. Time in bureau 15%
3. Types of credit 10%
4. New credit 10%
5. Debt to credit ratio 30%
Since when accounts are settled they show on bureaus as either R-1 or I-1 depending on weather they are revolving or...
Hugh Said:Does debt consolidation affect credit history and score?We Answered:Yes, it adversely affects your credit but less than bankruptcy. If you have not already, get the book "Your Total Money Makeover" by Dave Ramsey. Get it from the library if you don't have the $15 to buy it.
Debt Consolidation is NOT the way to go. They just increase your costs.
Crystal Said:If I check my credit score does the credit reporting agencies give out my info to creditors?We Answered:Whomever you own will hire a collector and they will track you down with any information they can find.
...Isaac Said:is there a credit reporting agency that can give me my credit score?We Answered:all the credit agencies will give you credit scores, but they are paid.
financial score of a person consists of 2 parts,
credit score and credit report.
both are taken in consideration before getting you the loan.
what the lenders want to see is - how much credit can you safely repay. what...
Danny Said:Credit Reporting?We Answered:First, you are getting ripped off at $14.95 a month, but that is aside from the point. Most companies report to all three, so if they are not reporting to Equifax I would assume there is an issue with the issuing company (i.e the credit card). Contact them and ask if they report to all three, if not find out why and move forward from there.Dan Said:Why do we only get one free credit report in a year? Why is it that credit scores go down when you check it?We Answered:You got two questions here, so I'll...
Maxine Said:Are there credit scores and reports in other countries?We Answered:NO your credit report is unique to the country you live and take no notice of any idiot who tells you different. each country as its own database and as yet none are connected to each other. however you will have to rebuild your credit in the country you move toAlicia Said:Where can I get all 3 credit reports and 3 credit scores?We Answered:You can get 1 free from each bureau every 12 months. www.annualcreditreport.comJuanita Said:Why are employers discriminating against people with low credit scores on their credit reports?We Answered:I...
Danny Said:What is the best way to get my credit report & FICA score fast and safe?We Answered:you get a free credit report from http://xrl.us/39ebPamela Said:consummer credit company?We Answered:Hi,
I used "Credit Solution" to settle my debt.They managed to reduce my debt up to 58%.I came accross this company while watching NBC.Check it out here:
http://www.tkqlhce.com/click-1813149-10467845Chester Said:Should I subscribe to free credit score reporting ? Sears is offering a subscription for free.?We Answered:I would read the "fine print". You can get a free credit report from each of the three major bureaus one time per year ( I recommend spreading them out,...
Regina Said:How much does a credit score improve after bankruptcy falls off a credit report?We Answered:Your credit score won't improve just because the bk comes off. It takes paying debt on time to improve score- the bk just pulled it down. Every late payment pulls it down, every on time pulls it up. Too much debt pulls it down. Sounds like you are on track but it definately takes longer to increase scores that to decrease.
Good luck!Tammy Said:How do I get stuff remove of my credit report to improve my score?We Answered:You have to dispute that...
Donald Said:What is a good credit score to have when applying for a loan?We Answered:You have a good score. I would say apply for the loan, and transfer the balances to a credit card offering a (0% apr) -- citibank offers 0% introductory apr's for 1 year --- with no transaction charges.
Another thing to remember is that its not just enough to have a good score. lenders also look at what your largest loan was -- A history of taking and repaying large loans helps improve your credit also. I was rejected by Honda car financing when I applied for...
Cody Said:is there a way to figure out my credit score with my credit report?We Answered:Freecreditreport.com is not "free" You can get a copy of your report yearly for free so don't pay for thier "membership".
Ask your bankTim Said:Will a debt management plan affect your credit report and score?We Answered:If you are considering a debt management plan, make sure you use an NFCC member. These are legit, non-profit companies that offer debt management programs for a nominal fee. http://www.nfcc.org/.
While in a debt management program, it is noted on your credit report and will adversely affect your credit....
Aaron Said:Why are jobs requiring credit scores now?We Answered:If you have a higher credit score you probably better at planing and decisions in general. Plus you are less likely to steel because of pending financial doom.Raymond Said:Can someone explain credit scoring to me?We Answered:Information about you and your credit experiences, like your bill-paying history, the number and type of accounts you have, late payments, collection actions, outstanding debt, and the age of your accounts, is collected from your credit application and your credit report. Using a statistical formula, creditors compare this information to the credit performance of consumers with similar...
Alexander Said:Do law firms increase credit scores by writing letters to credit bureaus & credit card companies? Is it legal?We Answered:Yes this can increase your credit score. What the lawyer is doing is simply disputing the information on your credit report. It is legal and it can work if the lawyer knows what s/he is doing.
There is a set of laws called the Fair Credit Reporting Act that governs how the credit bureaus MUST report information. It contains over 300 laws that each piece of information reported MUST comply with. If any piece of...
Stephanie Said:I had a Chapter 7 Bankruptcy in 2001. My credit scores range from 550-624. How many points is a bankruptcy?We Answered:If you had paid all of your bills since you filed bankruptcy your score would be much higher now. The reason why your score is so low is that you have three bad marks on your credit and no or few positive marks. What you need to do is to pay the doctor bill and the Hollywood video bill and then start rebuilding credit by either financing a car or get a credit card, but only charge...
Lauren Said:Can I get loan with a credit score between 600 - 650 ?We Answered:creditreport.imess.net - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.Tommy Said:is 650 a good credit score for a teenager?We Answered:650 is very good for someone your age. 660-680 is the typical range for an adult with good credit and above 680 is typically considered excellent but some of the score is built on the length of time your credit has been established, which someone young typically does not have.
Karl Said:Is a credit score of 800 good?We Answered:800 is a very good score.
FICO reports from 300 to 850.
I look at credit everyday and see scores over 800 very rarely.Marjorie Said:How will $800 affect my credit score?We Answered:If all of you were on the lease --- then each of you as well as all of you are responsible for that rent.
even though one person didn't pay thier portion of the rent, doesn't mean you (or the others) are off the hook because you signed a legal document that said you were resposible for the rent as stated in the lease.
Heidi Said:How does linked address found in your credit report file affect your credit rating score?We Answered:if you are not named as a defaulter at the linked address, and other people are you will be tarred with the same brush.
Write to the credit information company and tell them you are not assciated with the address, and they may remove the link, until they do you may have difficulty with creditMildred Said:Does my address go against my credit score?We Answered:Not in the United States, but I have seen several posters here say that if you live in the U.K. this does...
Jeremy Said:Better your credit score agencies, ARE THEY SCAMMERS OR REAL?We Answered:Scams.
The only real way to better your score is to do a better job and wait.
There are several groups that will help you get your act together for free. To find a legitimate counselor, contact the National Foundation for Credit Counseling at NFCC.org or call 1-800-388-2227.
Just about everything else is a scam.
The idea that "magic" will fix your score "tomorrow" is a lie.
If you pull your accounts at all three credit agencies and find any errors, get those corrected and you will have your faster,...
Harvey Said:what credit reporting agency give the best credit score?We Answered:FICO scores for all three credit bureaus are used by creditors. It is normal for scores to be different as the info at each credit bureau can be different.
If you got those 3 scores directly from the credit bureaus, only the one from Equifax is FICO. The ones from TransUnion and Experian are Vantage (different scale) or the TransUnion might be a TransRisk score (worthless). If you got those scores from a third party monitoring service, they are probably Fakko (their own formula).
Creditors use FICO. ...
Gary Said:So I am buying a house and I'm just curious...?We Answered:If you have been pre-qualified, and there is no material change in your income and debt, then you should be fine. The Good Faith Estimate is a required disclosure under the Real Estate Settlement Procedures Act, that banks must give within 3 days of application. The fact the bank gave you this document neither guarantees the loan nor does it mean anything bad. It's a required disclosure.
Again, assuming your employment remains the same, and you were honest about your income level on your application (they will do a verification...
Leon Said:Can i get approve for a car loan with a credit score of 636?We Answered:Auto finance is what I do for a living and while a 636 is not what it used to be as long as you meet the rest of the lenders guide lines like minimum income, time at job, time at residence etc. you should be able to be approved for a car loan. Don't expect the best rate but it should be decent.Raymond Said:Is it true that credit score lowers when applying for loan?We Answered:Judy is wrong.
If you make multiple applications for a car...
Mildred Said:Do credit checks for auto loans show up on your credit report?We Answered:Yes it does. But here's the trick... Auto inquiries and mortgage loan inquiries done within a two week time period will count as one inquiry.
So if you apply with "5" auto lenders you'll get hit for "1" inquiry which will affect your score a bit, possibly.
The reason is the credit bureau knows that people shop around for rates just like you. When I worked in auto finance I'd run people through several banks for an approval/better rate.
You can also order...
Manuel Said:How do the credit bureaus determine your credit score?We Answered:"Due to the proprietary nature of the FICO score, the Fair Isaac company does not reveal the exact formula it uses to compute this number. However, what is known is that the calculation is broken into five major categories with varying levels of importance. These categories, with weight in brackets, are payment history (35%), amount owed (30%), length of credit history (15%), new credit (10%) and type of credit used (10%). All of these categories are taken into account in your overall score - no one area or incident...
Viola Said:Credit Score Calculation?We Answered:If only that were the case.
Scores drop fast, but they rise slowly.
In my experience I can earn about two points a month per card keeping them paid off. I have spoken to others who see this as about average as well.
However, truth be told, the Consumer Reporting Agencies do NOT make it public precisely how credit is scored. No one can really tell you. We can tell you the best ways to bring your credit up, but not at what rate. If there is an exact formula, it has always been kept...
Rhonda Said:Credit score / car loan question?We Answered:Auto finance is what I do for a living and auto loans are based on the following factors;
1. Loan to value.
2. Term of loan.
3. Age of vehicle.
4. Miles on vehicle.
5. Down payment.
6. Time at job.
7. Time at residence.
8. Monthly income before taxes.
9. Credit score/profile.
10. Total debt to income ratio.
This is what they look for;
1. 85% to 130%.
2. 36-72 months.
3. No older then 8-years.
4. No more then 60,000.
5. No less then $1,000.00.
6. At least 2-years.
7. At least 2-years.
8. No less then $2,000.00.
9. 540 and up with at least 4 lines of credit with 1...
Ruben Said:What are some credit card companies that go off of my trans union credit score?We Answered:Generally, all credit companies will look at all three for the very reason why you don't want them to look at Equifax! They will use all three to make sure that one company is not missing something that the others have recorded into their score.Diane Said:Do credit card companies check your credit score when you request to have your interest rate lowered?We Answered:In most cases they do check credit when a customer calls and request a lower rate, which is typically reserved for very...
Dana Said:Should they redefine the definition for "credit card"?We Answered:I don't mean to sound harsh but I have had credit cards for over 35-years and never had a problem because I took the time to read and understand the terms and conditions.
Plus I always pay my cards off in full every month so I can collect the cash back rewards, never pay interest or fee's.
I make several hundred dollars a year doing this and I don't in the least bit feel sorry for people that are not smart enough to do the same.Jeff Said:How do you use the word hieroglphic...
Micheal Said:What tips do you have for improving a bad credit score?We Answered:Why you have to pay 24% interest on unsecured loans while government wants to lend free money to credit businesses to increase spending?
It clearly they trashed credit scores to consumers to sell unsecured credit cards with high interest rate.
So, REPORT FALSE CHARGES from both credit bureaus and the claimers to FTC Federal Trade Commission immediately and FAX COMPLAINTS to financial heads of both the Senate and the House to fillter out credit bailout.
If the lenders get too many bad credit scores from comsummers or provided too...
Elizabeth Said:What is the credit score rating system and explanations?We Answered:This system is getting ready to change anyhow, so donbt take the time to study it hard. They are moving in the direction of a more standardized scoring system!Billie Said:Credit score increased 65 points in a day but my mortgage broker isn't showing the increase?We Answered:credit score increases are done INSTANTLY.
everyone will receive an impact.
the problem is that he's probably using a different scoring model...normally OLDER. if you go to myfico they will have the new scoring models that will show an accurate score.
for example...he can be using windows...
Maurice Said:How do I get a good auto loan with a credit score of 640 but they day “I don’t have enough credit some have alWe Answered:Lenders look at many things before approving a loan and credit is only part of the equation. They look at your score, how high your credit limit has been, the vehicle, debt-to-income, loan-to-value, and residency are few of the major factors.
640 is a good score, however if you have low credit, like a credit card with $2,000 limit and no previous autos, it makes it difficult to get a loan without a co-signer. It's...
Elsie Said:Credit score 629, good bad or regular?We Answered:This should help you to understand how credit scores work..
FICO scores from 300 to 850 and Vantage scores from 501 to 990.
Here is the breakdown for both systems.
Vantage Plus system scores from 501-990.
FICO system scores from 300-850.
FICO is the only one that matters since it's the one that all major lenders look at.
So as you can see it depends on if your looking at a true FICO score or a Vantage plus score.
As far as what makes up credit scores it's the following;
1. Payment history (longer the better)...
Cassandra Said:Is my credit score good for my age?We Answered:Your credit score is very good for any age the max is 850. Some say the less credit cards you have the better and some disagree and say they more the better. I say just keep the ones you really use and pay on time.Jay Said:What number is considered good credit score?We Answered:The national average score is 675.
I work for a Chrysler dealer and Chrysler requires 680+ to get their prime rates.
There are several things that go into making up your credit score.
1. Payment history ...
Carolyn Said:What FICO score determines GOOD/FAIR/EXCELLENT Credit?We Answered:To really understand the credit scoring system and how healthy your own score is, it is actually important to know some other information as well:
1. A FICO score can range from 300 to 850.
2. The national AVERAGE FICO is 678.
3. The MEDIAN American FICO score, however, is higher at 723.
Even middle school math made my eyes glaze over, so if you are anything like me it may help to have a refresher on the difference between "median" and "average" at this point.
"Median" means that half of all credit...
Geraldine Said:what happens to the credit score/history from the 3 bureaus?We Answered:You can't let your credit card expire, the issuer will automatically send you a new card before the old one expires. Unless you or they cancel the account, it never actually expires. If you close the account, it should be reported as "closed by consumer." This does not directly impact your score. It will impact the average age of your accounts and your credit to debt ratio. Both of these are considered in calculating your score.Kristina Said:Do credit checks negatively affect your credit score when...
Cassandra Said:How many months does it take to see an improvement in your credit score?We Answered:it all depends are what kind of credit you are trying to build.
I have been told by many people it takes a year to really see a big change in your credit score. this also depends are if you have had any negative things that have affected your score. have you EVER been late paying a bill? Having A credit card alone will not allow you to higher your score fast. you need to buy a used car, something you can afford, with...
Billy Said:I want to check my credit score but all the web sites want my credit card info.?We Answered:Hi, first site down will explain what a Credit Report is:
more reading here http://finance.ebookorama.com
also plenty more to read here
good luck!Loretta Said:Is there any way to get my credit score without giving my credit card info or my social security number?We Answered:https://www.annualcreditreport.com/cra/i… This is the central site that allows you to request a free credit report, once every 12 months from each of the nationwide consumer credit reporting companies: Equifax, Experian and TransUnion.
AnnualCreditReport.com is the official site to help...
Judith Said:Credit Score In Toilet But No Negative Information?We Answered:The burden of your mortgage reflects poorly on your credit score.
Think of it this way- If i let you borrow $100 dollars this week and you promised to pay it off slowly. Then you asked me for more. I would want you to pay off the first $100 first.
I'm not saying it's fair BTW. It is total crap. You've been a good person, and they still manage to punish you. But that is how they get away with charging interest rates that are astronomical.Rita Said:Is there any way my dad...
Edna Said:What is the meaning of credit score?We Answered:The estimate of a person’s pecuniary appraisal value as calculated by a statistical model is referred to as credit score meaning. It attempts to calculate the comparison of a potential borrower who fails the deadline in payment or following other satisfactory responsibilities in the agreement.
The credit score meaning is basically refers on the information in a person’s statement of account. It is where company who allow loans gets the factors in denying the loan or giving further incentives. It is also where these company use to manage the risk in their...
Cory Said:What is the numbers where your credit score is very good?We Answered:720 and above is the highest bracket on the credit scoring scale. Anything above a 720 is arbitrary.
Of course each lender will have their own criteria but often times, they will look at the middle score. One thing to remember is that you will want to keep your credit usage under 25%.Leroy Said:My credit score, three different numbers?We Answered:All 3 credit bureaus have their own way of calculating scores and not all creditors report to all credit bureaus.
So actually all 3 are your correct scores. I look...
Juan Said:Credit Score Ranges...?We Answered:Credit score ranges are rather straight-forward and applies to most lending programs. The higher the score, the better your credit rating-and the higher your credit worthiness. The scale runs from 300 on the low end to 850 on the high end with the median score in the U.S. falling right around 720.
Part of the mystery behind credit scores is that there is no one particular scale for determining whether or not a credit score is "good." However many financial experts agree that there are some basic guidelines. Generally speaking, credit scores of 800 and above...
Arlene Said:How high would your credit score have to rank in order to be approved for a car loan?We Answered:It varies. When I took out my car loan my credit score (I don't remember the number, but the banker said it was great) was one part, income was another, monthly payments (ie rent/mortgage, credit cards, student loans, etc) were another, and credit history (how long I had credit cards, how long I had been paying utilities, etc).
So it will take lots of things and not just your credit score. This also will affect your interest rate. If...
Jenny Said:aww good try vikaa ! good comeback serena ! :]?We Answered:It was a good match. Victoria was playing so well, but Serena just found another gear.Rebecca Said:Current College Student, Future Law School studen.. HELP!?We Answered:In order of importance, law schools care most about your LSAT scores, then your college GPA. Being a minority does not factor in - honestly, it's just a numbers game.
Top tier law schools probably won't consider you unless you get your GPA above a 3.5 and have a GREAT LSAT score.
Luckily, you have plenty of time to improve your grades, but take your junior and...
Freddie Said:Should I subscribe to free credit score reporting ?We Answered:if you are looking for the free credit report and score national site, check out this site
Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.Bonnie Said:Can your credit score be fixed if there was an error in reporting from any agency?We Answered:Đˇredit repair workĐµd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - credit-report-score.10001mb.comFernando Said:which credit reporting agency to choose from when checking your credit score?We Answered:credit-report-score.10001mb.com - try...
Wayne Said:how do i dispute my credit score not report just score?We Answered:I don't think it is possible to dispute just the score because everything on the report formulates the score. I think you have to dispute items in the report to change your score.Evelyn Said:A dispute on credit score?We Answered:The only effective way to do this is contact the credit bureaus. They in turn notify the creditor/collection agency of the dispute and attempt to verify your statements as true. Unfortunately only the creditor can has the last say. Although, the creditor has a responsibility to...
Lydia Said:Do Authorized user accounts still post on your credit score?We Answered:It may depend on the company. I have a Capital One platinum card and I had contacted them to ask them this very question. They informed me that if I added an authorized user, that person would also see Capital One show up on their credit report as well as my own.Neil Said:Statistics homework: Hypothesis Testing Please help?We Answered:Cannot solve. Need data from sampled consumers:
e.g. mean sampled credit rating, standard deviation of sampled credit rating and number of sampled consumers.Roberto Said:Calculating the Score?We Answered:The score is determend by several...
Franklin Said:How fast will/can my credit score increase given the following info?We Answered:Pay off the credit cards completely. A large part of your score is based on your revolving debt to available credit limit. Carrying balances of more than 30% hurts your score. Pay them off and you get a quick increase.
Other than that, it's just a matter of time. You need at least 24 months of consistent, on time payment history to see improvement in your score.Louis Said:How can I legally increase my credit score fast?We Answered:pay off all your credit cardsAndrew Said:whats the fastest...
Hugh Said:would I qualify for an FHA loan, my credit score is around 700 and I have the 3.5% for the down payment?We Answered:Don't forget that besides at least 3.5% down payment, you also need enough money for closing costs. If you get pre-approved for a certain loan amount and want to get a more expensive home, you may be limited by how much more you can come up with for down payment.
FHA has certain requirements for homes so they are ready to live in without needing repairs in near future.Reginald Said:fha loan with 593 credit score?We Answered:That is...
Julie Said:Does adding someone who filed bankruptcy to a credit account affect your fica score?We Answered:No. Your credit score is only what is reported by the creditors into your own social security number (which they now cross check with name, address, and date of birth due to all the mistakes). Adding someone to your account doesn't change your score; it may also help them re-establish their credit if it is reported in their name also and paid on time.
If you go to purchase property or open an account jointly with this person, you may have problems....
Rose Said:I am in a problem fixing credit score. How can I fix credit score?We Answered:I’ve also been trying to improve my credit score. I'm learning that it takes awhile to improve a credit score but it can be done. Your credit score is based on several things such as: the total number of accounts you have, what type of accounts, any occurring late payment fees, outstanding debts, filing bankruptcy and age of accounts. Often creditors take into consideration whether or not you own your home and if you’re currently employed, and length of employment. Creditors then...
Eddie Said:How to get a totally free annual credit score?We Answered:if you are looking for the free credit score and report usa national site, check out this site
Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.Daisy Said:What should I do if I did not get my free credit report and score?We Answered:if you are looking for the free credit score and report usa national site, check out this site
Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating.Kenneth Said:How to get a 100% free...
Ashley Said:How do you get a copy of your credit score free?We Answered:if you are looking for the free credit score and report usa national site, check out this site
Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating.Ethel Said:Is it possible to get a Free Credit Score from the 3 credit bureaus? How ?We Answered:creditreport.imess.net - try this site. I use it to monitor my credit and also cleaned off some bad items from my credit report. You can apply for free initial plan and get your scores and reports for...
Vanessa Said:Which website can you get your free credit score and report?We Answered:if you are looking for the free credit score and report usa national site, check out this site
Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score....
Nathan Said:Is it hard to check a free credit score and report?We Answered:if you are looking for the free credit check usa national site, check out this site
Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating.George Said:Is it possible to get a free credit score and report?We Answered:if you are looking for the free credit report and score national site, check out this site
Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.Nora Said:Is it possible to check a free credit score and report?We...
Fernando Said:Where online can you get your free credit SCORE?We Answered:You can get your credit reports for free once per year at annualcreditreport.com. There is no where to get your credit score for free.Yvonne Said:how can I get my credit report & score for free without using a credit card?We Answered:freecreditreport.hotusa.org - try this site. I use it to monitor my credit and also cleaned off some bad items from my credit report. You can apply for free initial plan and get your scores and reports for free.Christine Said:where can i go toget a free credit report score without...
Cathy Said:How do we look free credit score or report?We Answered:if you are looking for the free credit score and report usa national site, check out this site
Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating.Joe Said:free credit report scores?We Answered:The site you're thinking about is www.annualcreditreport.com. But you can't get a free score, it's a free report. You're entitled to a free credit report from each of the three credit reporting agencies once every twelve months....
Dennis Said:Where can I go to get a free credit score online?We Answered:if you are looking for the free credit score and report usa national site, check out this site
Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating.Henry Said:Where can I get free credit scores online? Really I don't want to pay a dollar for the free credit score?We Answered:if you are looking for the free credit score and report usa national site, check out this site
Here you can check your 3-in-1 Report from all three credit reporting agencies and your...
Donald Said:How do you find out your free credit score report?We Answered:hi,
if you are looking for the best credit report site, check out this site
Here you can get your Free Credit Score and Report
hope this help,Isaac Said:How do i see free credit score or report?We Answered:if you are looking for the free credit report usa national site, check out this site
Here you can check your 3-in-1 Report from all three credit reporting agencies and your credit score rating.Holly Said:How can I do to see free credit score or report?We Answered:if you want to get your free credit score, check out...
Joel Said:What banks do mortgage loans with credit scores below 600?We Answered:600,,,impossible especially when they see the online gambling you have been involved with...there is no way...Susan Said:What happens to "our" credit scores when we get married?We Answered:You still have individual scores. However, they will start to have similiar items on your credit reports when you buy things together in the future and apply jointly. So, in that case both of your scores will get closer together. The difference individually will be what you apply for or already have individually.
In your case, It should not effect your plans for...
Lauren Said:once you pay off what i on your credit report, how soon will you have a credit score?We Answered:Once your payment have been reported you may be able to get a score. It won't be good though, because collections have a negative impact on your score. Before paying your bills off at tax time, I'd consider a secured loan. You go to a bank/credit union with money (any amount) tell them you want a secured loan. They put that money into a savings account and freeze it so you can't use it. Then they...
Troy Said:On the fico credit score range what score is considered "good"?We Answered:This Board is addictive!
Especially when you see other people give out BAD information.
Studly is right(as usual) the only site to get FICO credit scoring info from is www.myfico.com
Generically, people refer to credit grades as Excellent, Good, Fair & Poor. These are terms that have carried over from time long ago when consumers couldn't access credit scores.
Now your credit life is determined by a 3 digit number ranging from 300-850 where higher is better.
A rough correlation:
Excellent = 720+
Good = 680-719
Fair = 620-680
Poor = 619-550
**** = less than 550(that's...
Mattie Said:Is this the best way possible to establish the highest credit score?We Answered:Hi, i suggest a great site with plenty of Issues related to your person finance and everything around it. it also provide clear and accurate answer to many common questions.
I am sure that you can get your answers in this website.
Good Luck and Best Wishes!Jacqueline Said:Who has and what is the best credit score in the world? Or maybe just the USA?We Answered:I believe the highest FICO score is an 860
The person that owns it would never disclose it.
Think about it. Would YOU like everyone in the...
Marion Said:How to improve credit score?We Answered:?redit repair work?d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - credit-report-free.totalh.comLeroy Said:My credit score is 550. How can I improve my score without going further into debt?We Answered:the sooner you will start to pay your collection, the better for you in the long run. if you have any collection, that are 7 years old- don't pay them , they will be removed from your credit report after 7 years . if you will start to pay your newer collection,...
Justin Said:How do you improve your credit score if you have poor credit and new accounts?We Answered:Lenders are like scared little kids... they rely on what everyone is telling them, and your credit report says it all.
If you were to lend me $50 and I never paid you back... will you ever lend me money again? What if I tell all my friends...will they lend you money? Your credit report conveys this information, faster than girls spread cooties.
If you have negative items, contact the people you owe and tell them you are willing to settle on the debt...
Richard Said:I was wondering how I could improve my Credit Scores ?We Answered:Pay off your debt, start with those that have highest interest first. NEVER be late on payment (being late on ANY bill can also get reported..not just creditcards). Pay as much as you can, not just minimum balance (interest will kill you and will take even longer to pay it off) Keep your credit card debt as close to 0 as possible or at the very least less than 30% of your total credit line at all times..Colleen Said:How can my husband and I improve our credit scores?We...
Gertrude Said:What is the best way to improve credit score if I have no credit?We Answered:the first thing to do is dispute the items on your credit report that aren't yours, so that they can be removed- that will help you out a lot right off the bat. Contact the agency you go the report from- experian, transunion, equafax- and they will tell you how you go about disputing the items.
The next thing I'd do, is get a secured credit card. Basically you lock away a set amt of cash, and that is your credit limit. Then...
Claude Said:How to pay off Derogatory items on credit report, increase score?We Answered:There are certain things that you should be aware of:
1. Items that are less than 2 years old are affecting your score the most
2. There are 2 important timframes regarding derogatory items
a. The FCRA(Fair Credit Reporting Act) time limit of 7˝ years from the date of first delinquency or missed payment to the ORIGINAL CREDITOR. No matter how many times it's sold or transferred the date of original delinquency still applies.
b. The Statute of Limitaions(SOL) for collecting debt is the timeframe in which a debt can be legally...
Emily Said:What are some pretty effective ways to increase your credit score? Once all of your bills have been paid.?We Answered:Pay all bills on time all the time - this includes utilities, traffic fines etc.
Use only a portion of your available credit.
Don't apply for lots of new credit and don't close a lot of open accounts.
The rest depends on the age of your current credit lines.
Credit scores reflect more recent activity so it tends to improve quickly.Dianne Said:How much can your credit score increase in six months to a year?We Answered:paying bills on time wont drastically change your credit score...
Stella Said:How do I raise my credit score quickly?We Answered:get 5 banks in mind. local to you. take $1,000 to the first bank & tell them you want to put it in CD & get a loan against it to improve your credit. work an agreement with them to pay over a 12 month period. The banks will do this because if you default on the loan, they already have your money in a CD.
take the $1,000 loan & go to bank #2.
Do the same thing.
Then to bank #3. and so on & so forth.
The possibilities are endless....
Louise Said:How can I raise my credit scores? I mad some mistakes in the past but have satisfied those debts?We Answered:With what little information you gave, it is impossible to know exactly what is best for you. However here are some generic answers that will help raise your credit score if your score is low:
Do not rely on the services of a credit repair service. They cannot do anything that you cannot do for yourself for free. Get a copy of your credit report and dispute any errors. That's all they will do.
Get a secured...
Viola Said:How to raise my credit score fast?We Answered:First you have to get your credit history report. After checking your report then go can do an decision to make your score to raise by buying something or return your amount back etc., If you maintain your score good then your are applicable to get the loans easily. Finding credit score is very important for your future financialBrandy Said:Do anyone know how to raise credit score fast?We Answered:first make sure all your past due pills are paid up to date
then if you have to use a credit card make sure to...
Victor Said:how do I raise my credit score quickly after bankruptcy?We Answered:The best way to quickly improve your credit is to get back to using credit. If you had any accounts that were not included in the BK you should use them as well as trying to establish new lines of credit.
You will need to take it one step at a time in building a new credit history and the most important thing is that you develop a budjet that ensures you will not derail the progress you are making.
Never let a payment get over...
Sidney Said:How to raise credit score in 8 months in order to buy home?We Answered:You can raise your credit score by paying your bills on time, every month, for many months in a row, and for paying down the amount you owe. If you make a payment on a credit card, and then use it to charge the same amount, you're not making progress, and you won't improve your credit score much. The amount you owe has to go down a significant amount to have a significant effect.Lauren Said:How to raise credit score after ID theft?We Answered:PIGGYBACKING: Despite...
Kimberly Said:Where to find services where people with bad credits scores can share others credit to improve their score?We Answered:You can improve your credit score with knowledge, some time, some effort and not a lot of money. Start by learning the credit laws in the United States. The big one that will help you is that credit<!--bureaus must respond to disputes in a set amount of time or they have to remove disputed items from your credit report.
Get a copy of your credit report and go over it with a fine tooth comb. Find the inaccuracies; almost every credit report...
Hilda Said:What is the best way to improve credit scores?We Answered:Pay your bills on time. Other than that, it's just a matter of time to let all the bad stuff fall off your credit report. It sucks, I know.Lori Said:What is the best way to improve credit scores after all old debts are settled?We Answered:time and new creditJamie Said:Has anyone use the Orchard credit card offer to improve your credit scores? Is it effectvie?We Answered:Absolutely! Getting negative items removed form credit reports is only half of the battle. You have to start building your credit. To do that,...
Carlos Said:How to improve credit score faster?We Answered:i do not know how much your score can be rasied but this will defeinitely help you out. i went to http://offur.com/fixcredit , a totally free service that helps you raise your credit and create a plan to keep it up. its pretty helpful.Jean Said:how can you improve your credit score fast from 430 higher?We Answered:fast forget it -- but slowly you can start by paying on debts on time and in full!!! it will take time but you can do it!!!!Richard Said:7 top ways to improve credit score fast?We Answered:well one way...
Janet Said:How to improve my credit score for free?We Answered:Establish positive credit lines. Utilities, cell phones, etc don't count on your bureau (Usually they only report if you owe them money)
It basically leaves you these options:
line of credit
Bottom line, credit card is the easiest to get. Credit cards are useful in rebuilding your debt because a banker can see how you are managing your available credit balance- that is, if you have a $2000 credit card, is your balance managed well, or do you owe $1997 on it.
if you are looking for the free credit score and...
Randall Said:How can I quickly improve my credit score?We Answered:Don't accept any new credit cards and don't close any unused credit cards. Continue to make your payments on time. The less debt you have, the higher your score goes up.
Remember: It takes time for your score to improve. There's no quick fix.Alma Said:i want to know how to make payment on my new capital one Ł200 credit card to improve my credit score quickly?We Answered:Pay the credit card in full each month.
This will give you top 800+ scores.
I am proof - no loans - just credit cards used wisely.
Robert Said:how can i improve my credit scoring? i live in the UK?We Answered:Lenders analyze your credit scores to determine whether or not to approve a home mortage, a car purchase and nearly all other types of loans.
Before lending you money, creditors want to determine how much of a risk you are—in other words, how likely you are to repay the money they loan you. Credit scores help them do that, and the higher your score, the less risk they feel you'll be.
Most increases to your credit scores take place over time and require an ongoing effort from you. The...
Christy Said:When will my credit report improve?We Answered:The reporting period for negative accounts is 7 years and 180 days from the date of delinquency. After that time period the debts will fall off. Negative accounts hurt your credit score the most in the first 2 years, after that they loose most of their negative impact.
Even if you wait and let these debts fall off, your credit score will still be bad. In order to build your credit score up you have to have open lines of credit that you are making on time payments on.
You need to start...
Morris Said:Questions about improving my credit score?We Answered:The best way to to pay off your debts on time.
Assuming you have no future hiccups, your credit score will improve every month by 3-5 points. There is no "quick-fix" for credit. It takes YEARS to build credit on purpose.Catherine Said:Which of the two strategies is best for improving my credit score?We Answered:Keeping credit utilization at or below 30% (in your case, that would mean paying down your total debt to around $1800 or below) and making timely payments will do more to increase your FICO than anything else. Over...
Ellen Said:How do I improve my credit score quickly?We Answered:Đˇredit repair workĐµd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - credit-report-free.totalh.comNatalie Said:How can I improve my credit score quickly?We Answered:Paying derogatory items will not improve your score nor will it get the items removed from your credit report. Derogatory items stay on your credit report for 7-1/2 years from the date of first deficiency.
You can try to negotiate a pay for delete settlement (you pay x and they remove the item from your...
Stacey Said:Improving Credit Score Two Charge Cards What Next?We Answered:Well, I'd like to be one of the first to congratulate you on your recovery from bankruptcy. You are partially correct that there is life after bankruptcy, but it's important to know that even though you have a 620 score and you're trying to get it to at least a 675, for at least the next 5 years, that bankruptcy's going to stick around. And to complicate matters with the recent events happening with the mortgage industry, applying for a loan will be that much harder. "Common sense" lending will start...
Jeffrey Said:How can I increase my FICO score quickly?We Answered:First of all, how old are the tradelines (reported items) on your credit report? If they are old enough, say 5-6 years old or more, you may be able to dispute them. However, you must be aware that you do not want to initially dispute with the credit reporting agencies, but with the creditors themselves. It is called a "Request for Validation." Persuant to the Fair Debt Collections Act, 15 USC 1692g Sect. 809 (b), the debt collector must provide you with evidence that the debt belongs to you. If they...
Rhonda Said:how long does it take to increase credit score from pretty low to at least average?We Answered:Negative accounts will stay on your credit history for 7 1/2 years, however they do loose most of their ability to negatively impact your credit score after two years.
If you make all payments on time, do not carry any balances on your credit cards that are over 30% of the limit, and are not over extended you can raise your credit score some in 12 months.
Realistically it will take 24 months of consistent on time payments to re-establish your credit history.Mike...
Jim Said:Can you pay someone to increase your credit score?We Answered:Those companies will consolidate your bad debts and set you up with a payment plan, one lump sum to pay each month and then distribute the money to all the collectors on your credit report. It won't really raise your credit score right away, it will pay your debts and maybe allow you to build up credit so you can increase your score. It's a slow process if you have a lot of bad debt.Bobbie Said:What are effective legal ways to increase your credit score in short term?We Answered:Well, take...
Gloria Said:For increasing credit score purposes should i get 2 credit cards from the same bank or 2 from separate banks?We Answered:as far as credit score goes it only matters when you don't pay on time or pay off debt on time. if you were going for a loan the bank would see that you own several credit cards and could potentialy get in more debt than if you had just one. so the more you have the worse off you are. also the credit limits on these cards matter as well b/c that would only increase your potential debt....
Christy Said:My credit scores are terrible. How can I increase my credit score if all of my accts. are old and charged off?We Answered:You can use credit repair agency, for example this one - http://creditreport.undonet.com
They will clean lots of such bad stuff from your credit report - and do it much faster than yourself, so your credit will go up.Samantha Said:Question about credit - does increasing the credit with lendors cause a credit inquiry?We Answered:It will create a inquiry but it will be whats called a soft pull and will not effect your credit score at all.
With scores as high...
Alma Said:Will a mortgage loan increase my low credit score?We Answered:Initially your score will drop. That mortage is probably most of your debt and it's all new which goes against you. However, as you pay the mortgage on time, it will increase your score.
It may take a year or two. You build credit over years, not months. Don't obsess over your score. Just pay all your bills on time and check your credit report for accuracy annually. Your score will take care of itself.Russell Said:how low of a credit score will a mortgage be...
Gilbert Said:what is the maximum credit score any one can have?We Answered:The highest credit score one can achieve is the magical FICO number of 850, which is a perfect score and the person that achieves this will find themselves being offered every form of financing and loan product imaginable. The highest scores usually range in the area of 720-850. This range is considered to be excellent credit. Anything above a 700 score is considered good. The goal of 700 or higher is key when looking for the best benefits of having an exceptional record. It is important to understand what...
Miriam Said:Can i get a mortgage loan with 600 Credit Score?We Answered:credit-report-free.totalh.com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.Claire Said:How many points do you lose on you credit score after getting a mortgage loan?We Answered:Typically your score will only temporarily drop..often times significantly as much as 50 points, sometimes even more..but after about 4 months..your score will BEGIN to recover...and after 12 months your score (assuming you pay the mortgage on time) will actually increase significantly from where it was "pre-mortgage"...Gilbert Said:How long...
Alicia Said:Hi my credit scoring is 140 which is very poor but i don't have any defaults?We Answered:are you employed? If not then you would be a bad risk and therefore get a poor credit rating
it is also possible that your age if near retirement would lower your rating again due to risk of not being able to pay back
or it could be that if you dont have your own home or something to secure the loan in these uncertain times they wont risk it
maybe a combination of all
hope that helpsGlenda Said:How fast does credit scoring go up?We Answered:Very...
Rodney Said:What is the national average credit score?We Answered:678Robert Said:national credit score?We Answered:If you are a US citizen and you are living in the UK, unless you have US based credit, none of it will report to the 3 US credit bureaus.
Bank accounts and cel phone contracts do not affect your credit score at all. They do not report.
You must have some negative items like old late payments or collection accounts to have such a low score
. To fix your US credit score, you will need credit accounts from USA companies which you may have a hard time getting.
Jill Said:What can I do to raise my credit score fast?We Answered:Establishing a good credit history has never been as important as it is today.
It's not just that you'll need good credit to get decent rates when you're ready to buy a home or a car. Your credit history can determine whether you get a good job, a decent apartment or reasonable rates on insurance. One seemingly minor misstep -- a late payment, maxing out your credit cards, applying for too much credit at once -- can haunt you for years.
If you're just starting out, you have a once-in-a-lifetime opportunity...
Roger Said:Will my student loan help raise credit score from bankruptcy?We Answered:No. You will need to get a loan (i.e. credit card or auto loan).Alan Said:How do you raise credit score on a low-limit card?We Answered:First you have a low limit credit card - if you just charge 75.00 a month - and pay 75.00 a month, and you always pay double the minimum payment - they will be inclined to raise your limit (usually double each increment) This can only happen if you buy something that costs more than 250.00. You have to be able...
Willie Said:I need help raising my credit score in a hurry!?We Answered:you should go to http://www.cellsware.info/restorecredit , they helped me raise my score about 30 points in about a month. i sincerely believe they would be able to help you a lot.Katie Said:What are your tricks for raising your credit score?We Answered:After Hurricane Katrina I added my brother as an authorized user on 4 of my credit cards and it helped his credit score.
This can work for you if you know someone with excellent credit. They do not have to give you any information about the account.It will reflect...
Edna Said:My husband and I want to improve our credit scores and have about a year to do it in....advice?We Answered:for sure, pay down some of your debt. they do not like maxed out credit lines.Walter Said:Anyone know secret tips to raising credit scores?We Answered:Call the credit companies & explain that they've been paid. You may need to supply proof.Milton Said:Raising Credit Scores?We Answered:Get in debt, and stay in debt. KEEP MAKING THE BANKS MONEY! This makes them happy, and they're more than willing to loan you more! Until your entire income is theirs!
Look at some of those idiotic answers......
Kristen Said:Credit score raising tips?We Answered:?redit repair work?d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - credit-report-score.10001mb.comHugh Said:How long does it take to raise a credit score, and how do I do it?We Answered:EEK! DON'T close off your accounts. That's the worst thing you could do. Don't lower your limits. Important components of credit scores are:
-- Your history of on-time payments. OK, so you're probably not so good here. But start immediately. No! More! Late! Pays!
-- Your ratio of used credit to available credit. Lowering...
Leonard Said:will this work in raising credit score???We Answered:More likely, it will lower your score.
The first hit to your score will come from the hard inquiry needed to approve you for the loan.
The second hit to your score will come from the fact that you're applying to a finance company. The type of lender and type of loan can make a difference to your credit score.
Worst type of lender (called a subscriber in credit bureau jargon) = finance company
Best type of lender and loan = mortgage lender/mortgage loan.
Paying your bills on time, having a mortgage and paying it...
Daisy Said:What is the quickest way to raise your credit score 100 pts?We Answered:Well, I don't know if it'll work or not, but the quickest way is to dispute all the negative items and see if they can validate the debt. They have 30 days and if they fail to, it comes off. The down side is you'd be surprised how many will. I had a company validate that a five year old debt (that really wasn't mine) was mine. I finally got it removed, but it wasn't easy.
Other than that, make sure balances...
Angel Said:did the range of credit scores go up or down.?We Answered:There are two scoring systems.
F.I.C.O. runs from 300 to 850.
Vantage runs from 501 to 990.
Anything that scores below these minimums defaults to a 0.
Most all major lenders look at your F.I.C.O. score so a 600 would be well below the average of 692 and would fall into the sub-prime category.Ron Said:Does anyone know of a good mortgage company who will refinance a home with credit scores in the 560 range?We Answered:You never know until you talk with a mortgage professional who can get your full financial situation, but due...
Helen Said:My husband's credit score is very low from 10 year old debt that is not listed on report. What do we do? CA?We Answered:Đˇredit repair workĐµd fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service - freecreditreport.sinfree.netEdith Said:Do negative remarks drop off your credit report in 7 years and if so how does that affect your credit score?We Answered:Your credit score is made by using a formula that takes into account all the items on your report. If something drops off after 7 years (which yes, it...
Claudia Said:understand credit scores?We Answered:FICO credit scores range between 300 and 850. Ratings are as follows: Excellent: Over 750
Very Good: 720 or more
Acceptable: 660 to 720
Uncertain: 620 to 660
Risky: less than 620.Sergio Said:Help me understand more about credit scores?We Answered:It depends on the age of the accounts and the amount of credit they have. Canceling older accounts and/or ones with higher credit limits will damage your FICO by increasing your debt to credit ratio and potentially more than "1 point". Canceling new and/or low limit cards have less of an impact.
The rule of thumb that most financial...
Diana Said:Will your credit score be affected if you miss a couple of payments to your charity?We Answered:Of course not. You can stop giving to your charity whenever you want.
And charities do not report to creditors.Lloyd Said:Does getting a new credit card negatively impact your credit score?We Answered:You can use this credit monitoring service to pre-estimate future scores for different scenarios of such payments - credit-report-score.10001mb.comEdith Said:Is it true that the higher your credit score, the bigger the chance you won't need any money down?We Answered:No. The higher your credit score, the better your interest rate and other...
Joanne Said:I have a credit score of 540 can i get a va loan with that?We Answered:buildcredit.ifastnet.com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.Christopher Said:what is minimum credit score for VA guaranteed home loan?We Answered:credit-report-score.10001mb.com - try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.James Said:How much of a difference does credit score make on a VA loan?We Answered:The best possible reason your credit score has dropped recently 30...
Willie Said:What are ways you improve your credit card score?We Answered:There are lot of ways to improve your credit score first you have to do settle your debits amount monthly. Moreover paying your bill on time is so important .Always keep your credit balance low.Try to maintain the good credit history that will help you to lead the good healthy financial .Mostly try to avoid the bankruptcy.Ashley Said:what are some ways to improve your credit score?We Answered:?redit repair work?d fine to fix my credit. They disputed and removed lots of bad items from my credit report. I used this service...
Patrick Said:Whats a good credit score. When buying a first home?We Answered:You might be able to get a $70,000 home using an FHA loan with 3.5% down. You would need the seller to pay your closing costs. Check with a local lender for a free pre-qual evaluation. You FICO score is more than good enough.Annette Said:whats a good way to build up a good credit score if you cant take out loands/credit cards?We Answered:first, you have a credit card. apply at any store like target or jcpenny and start using it and PAY ON TIME EVERYMONTH. This...
Alan Said:Whats a good credit score?We Answered:Its bad.
Good credit is 740+
Get your credit reports at
annual credit report. com
Reports are free - always have been.
You need to see what is INSIDE those reports - the score is useless otherwise.
Do you have credit card debt?
Carrying balances reduces your credit.
That's why they say paying in full is best.
/Luis Said:What is a good credit limit to set for myself on my secured credit card in order to best benefit my score?We Answered:Frank is full of it. Sorry to say. A secured card will show up EXACTLY LIKE a regular, unsecured card on...
Terry Said:Credit Score of 609 good or bad. And what is considered a good credit score so i can get a credit card?We Answered:That score is bad. Nobody is going to give you any kind of credit. You might want to find ways to increase your score because many employers now pull your credit before offering you a job.Claude Said:What's the lowest number considered a good credit score?We Answered:Good credit is 600's... great credit is 700's
To get your score up, just make sure you're paying your bills ON TIME, and in full as much as possible. Remeber only...
Lauren Said:What is a good credit score?We Answered:USA Average : 678
Excellent: 750 and Up
Good: 720 -749
Fair: 660 - 719
Uncertain: 620 - 659
Poor: 619 or LowerJacqueline Said:How do I get my credit score? ?We Answered:Do NOT waste your money on scores that aren't genuine FICO scores.
Unlike knock off clothing lines,knock off scores do not count for anything if they are not FICO scores.
Go to myfico's site here:
Watch the video if you want, then click buy now.
Choose which ones you want.
There are three credit bureaus so there will be three scores.
The scores are 15.95 each. You can buy just one, but...