7Stepsto720 asked:

www.PhilipTirone.com Philip Tirone from http www.TheCreditCardScore.com, and http talk about credit scoring and how to build your credit score, via the Credit Card Score, visit www.PhilipTirone.com for more information

Leonard

MF Calhoun asked:




If you are not sure whether your credit score is good or bad, you might want to know how lenders determine what is good credit score ranking for its applicants.

A good score will differ somewhat among lenders. Your income and how long you have been employed, current debt load, whether you own a home, and other information will factor in as well as your overall

]]> http://improve-credit-score.org/finance/skyrocket-your-score-what-is-good-credit-score-rank-to-a-lender-and-how-to-build-yours/feed/ 0 http://improve-credit-score.org/comedy/find-our-your-credit-score-credit-expert-advert/ http://improve-credit-score.org/comedy/find-our-your-credit-score-credit-expert-advert/#comments Thu, 15 Jul 2010 00:50:34 +0000 http://improve-credit-score.org/comedy/find-our-your-credit-score-credit-expert-advert/ Continue reading →]]>

CreditExpertUK asked:

www.creditexpert.co.uk Check your credit score with the Credit Expert. Lenders use credit scoring to decide who to lend to and how much to charge. If you’re want to know what your credit score is, use my personal website, http It gives personalised advice on improving your score. Enjoy it for 30days absolutely free. Please, I insist. I’ve always kept an eye on my credit score by using the site. And you can also check your credit report for free whenever you like – I look at mine every day, no matter what I’ve been up to. Why not try it yourself?

Eleanor

MoneyTalksNews asked:

If you borrow money, you probably know that your credit score is important. The company behind credit scoring, Fair Issac, recently announced changes in the way they’ll soon be doing it.

Alicia

PlatinumPlusVideos asked:

Author and credit scoring expert Linda Ferrari shares 5 simple things you can do to help raise your credit scores quickly. (www.lindaferrari.com)

Anna

Tim Gorman asked:




Credit scoring is a very popular topic of conversation these days. Most people who have any sort of assets, i.e. house, nice car or a good job will know their credit score. But not everyone knows what is a good score, what is a bad score or even what is considered an average credit score. All that most people know is that they would like to improve their score. After all a good credit score is very important if you want to apply for most financial products, from car loans to mortgages. So it is very important to both know what your credit score is and to try ands get it as high as possible. Also if your score is higher, then you are not only likely to get approved more easily, you are also likely to get the most favorable interest rates. The companies are usually keen to get those with a good credit rating as their customers as they like to have good, customers with a solid credit history.

Credit scores do vary widely and range from a rather disappointing 320 to very healthy (and probably happy) 900. Most people generally fall in the mid range between these 2 figures. These figures vary a great deal depending on which state you live in. What is considered a good credit score in some states is a great deal different from some other states. With the richer states like California having a much higher score than many of the poorer states.

Although what is considered an average credit score is around 678, around 20% of the populations are below 620. Anywhere around the 670′s is generally considered to be a reasonable score by many lenders. There are also a good number, again around 20%, who are in the very highest bracket, having scores of over 780. Though whether they actually need to worry about their credit scores is another story!

But with there being such a regional variation what is considered an average credit score in some states may well not be so useful in others. But it is important for your finances to make sure that you get your score as high as you reasonably can. That way you will not only stand a much better chance of being accepted for the loan or credit card that you are applying for, but you will get access to the best offers that the lenders have.

Yolanda

Zach Ford asked:




Your FICO score, calculated by information in your credit report, is one of the most valuable tools in your financial arsenal. FICO (named after Fair Issac Corp, the company that pioneered credit scoring) mathematically calculates your late or timely payments and other factors in your credit history into a number that indicates how good a credit risk you would be.

Hundreds of bits of financial information are used in calculating your score and it’s important to be certain that some of those factors aren’t errors or even credit fraud. Therefore, you should check your credit report and FICO score at least once a year and even more frequently if you relocate, change jobs or open new accounts. Quickly correcting any errors that may be in your report is vital to your financial health.

Another, very important, reason to check your credit report is your present and future employers. Checking a job applicant’s report has become standard practice in trying to determine if they’d be a good fit with the company. You can see how an error or fraudulent entry in your credit report can make a significant impact on your life!

You can obtain a copy of your credit report and FICO score by either going online or using the postal service. Experian, TransUnion and Equifax, the three agencies, offer free copies of your report and FICO score once per year. You will find forms online that you can use to request these reports. Take care, however, that you don’t inadvertently get taken in by the many look-alike websites that often imitate these legitimate reporting agencies. The imitators will offer the free reports but in authorizing it, you’re actually signing up for a monthly credit reporting service that will charge you a fee. Unless you want this type of service, be very careful to read all the agreements and fine print, even on the three legitimate websites.

Checking your credit report and FICO score at least once per year will help insure that you stay financially healthy and maintain your good credit reputation.

Philip

Carrie Reeder asked:




When applying for a mortgage loan, your credit score plays a huge role. Thus, many people choose to establish a good credit history before applying for a mortgage. Having a low credit score will not necessarily prevent you from getting a mortgage. Likewise, it’s possible to get a mortgage with no credit history. Before applying for a no FICO score home loan, it is important to understand how these loans work, and how to qualify.

Purpose of Credit Scoring

Without credit reports and credit scoring, potential lenders would be unable to assess an applicant’s creditworthiness. Credit reports contain very detailed information about our credit history. For example, the length of credit history, number of credit accounts, outstanding balances, etc. Along with creditor information, reports also contain a three digit number. This is the FICO score. Credit scores range from 300 to 850. Higher scores obviously means better credit.

How Credit Scores Affect Mortgage Loan Approvals

Years ago, obtaining a mortgage loan with poor credit was rare. However, lenders have begun offering flexible programs, which make it possible for more families to qualify for home loans. Among these includes a variety of mortgage loans especially for people with bad credit.

Bad credit generally consists of several late payments, bankruptcies, foreclosures, collections, judgments, etc. All of these factors contribute to very low credit scores. Low credit scores equal higher interest rates, which will increase mortgage payments. Fortunately, there are loan programs in which FICO scores are not a primary factor.

What are No Credit Score Home Loans?

If you have bad credit or no credit history, you may qualify for a no credit score home loan. In many instances, homebuyers earn a sizeable income, in which they can afford to buy a home. However, because of past credit history, many will not qualify for a conventional home loan. Rather than wait until credit improves, these individuals may apply for loans without using credit scores.

Try using one of ABC Loan Guide’s
Recommended Poor Credit Mortgage Loan Companies.

Many mortgage lenders offer these sorts of loans. However, homebuyers must meet certain criteria. For example, most lenders will only finance 70% or 80% on a no credit score loan, thus the homebuyer must have a down payment of approximately 20% – 30%. Secondly, most lenders require full documentation on these loans. Thus, homebuyers needing a no doc or stated income loan may not qualify.

Eric