Tag Archives: Lenders

Your Credit Score Explained

Posted on March 11, 2011 by

Jo Jude asked: How your credit score is calculatedCredit score information allows lenders to gauge a credit applicant to see if he or she is worth the risk of availing credit. After all, credit institutions are a business and need … Continue reading →

Posted in Finance | Tagged Business Practice, Credit Applicant, Credit Application, Credit Information, Credit Institutions, Credit Report, Credit Reporting Agencies, credit score, Gauge, Investments, Lenders, Money Resources, Six Months, Worth The Risk | Leave a comment

Do Inquiries Hurt My Credit Score?

Posted on March 1, 2011 by

Robert S Holland asked: Lenders check your credit when you apply for credit. If you are looking to buy furniture on credit, buy a new car, get a mortgage on a new home, your credit is reviewed. When the lender … Continue reading →

Posted in Finance | Tagged Automobile Loans, Buy Furniture, Car Loan, Credit Bureaus, Credit Check, credit repair, Credit Report, credit score, Definite Change, inquiries, Lenders, Lot, People, Risk | Leave a comment

Credit Score Ranges

Posted on January 28, 2011 by

Jennifer Quilter asked: There are countless articles out there that will all tell you different things about what the credit score ranges actually are. This is because every institution decides for itself what these numbers mean to them. That doesn’t … Continue reading →

Posted in Finance | Tagged Best Interest, Countless Articles, Credit Check, Credit Reports, credit score, Different Things, Fix Anything, Instances, insurance, Interest Rates, Lenders, loans, Rental Applications, Score Ranges | Leave a comment

Why A Credit Score Is Important

Posted on January 12, 2011 by

Chris Wight asked: There is almost no company now who does not look at your credit score when deciding whether to approve your application for credit. When you apply for credit online, typically the only criteria is a certain credit … Continue reading →

Posted in Finance | Tagged Apply Online, Credit Decisions, Credit Help, Credit Report, credit score, Credit Scores, Fodder, Identity Theft, Interest Rates, Leaves, Lenders, Percentage Points, Risk, Spree | Leave a comment

The Difference Between a Credit Report and a Credit Score

Posted on December 16, 2010 by

Jacqueline Harris asked: Credit ReportA credit report is the record of financial information of an individual or company taken place on credit in a financial year. The report contains all detailed information about credit borrowings, repayment, late payments, and any … Continue reading →

Posted in Finance | Tagged Credit Bureaus, Credit Report, Credit Reputation, credit score, Credit Worthiness, debt consolidation, Financial Institutions, Generation Capacity, Landlord, Late Payments, Lenders, Person Credit, Remedial Measures, Revenue Generation | Leave a comment

Can I Get a Car Loan With a Credit Score of 600?

Posted on December 15, 2010 by

Jason Lanier asked: Many people have bad credit become fixated on the idea of a particular score or number. Having a “beacon” score of 600, 650 or 550 and being able to get a car loan with the same, depends … Continue reading →

Posted in Finance | Tagged Bad Credit, beacon score, Car Credit, Car Loan, Car Loans, Credit Application, Credit Scores, Improving Your Credit, Improving Your Credit Score, Lenders, Long Time, Many People, Subprime, What This Means | Leave a comment

Exactly What Does Your Credit Score Mean?

Posted on September 15, 2010 by

Thomas Eliot asked: One response to the question — “What does your credit score mean?” — is that it is a score which attempts to show how responsible a person has been in handling their credit matters. The credit score … Continue reading →

Posted in Finance | Tagged Basic Questions, Credit Application, Credit Reporting Agency, Credit Scores, Evaluation System, Fair Isaac, Interest Rate, Interest Rates, Lenders, Mortgage, Mortgages, Paying Attention, Risk Model, System Scores | Leave a comment

Five Fastest Ways To Improve Your Credit Score

Posted on August 4, 2010 by

levselector asked: Start with getting your 3 credit reports and 3 FICO scores from www.myfico.com. Once you received and analyzed the information – follow these 5 steps (1) Late records. Call your lenders and ask them to remove the late … Continue reading →

Posted in Howto | Tagged 5 Steps, Certified Mail, Confirmation, Creditor, Fax, Fico Scores, Improve Credit, Lenders, Letterhead, Phone Call, Promise, Proof, Reduce Debt, ways to improve your credit score | 19 Comments

Credit Score Improving? Trade Up to a Low Interest Rate Credit Card

Posted on July 22, 2010 by

Aubrey Clark asked: Many people spend time working to improve their credit score but they do not take the time to look for low interest rate credit cards once they achieve a better rating. However, not doing so could be … Continue reading →

Posted in Finance | Tagged Act, Common Misconception, Costly Mistake, credit score, Interest Rate, Lenders, low interest rate credit card, Low Interest Rate Credit Cards, Number Changes, Quotes, Rate Credit Card, Rate People, Reward Program, Wallet | Leave a comment

How to Improve Your Credit Score

Posted on July 10, 2010 by

Laura Evert asked: Have you wanted to buy a house or a car but you have a low credit score? You can fix that by checking your annual credit report to see if all information is accurate. However, if you … Continue reading →

Posted in Finance | Tagged Annual Credit Report, Borrowers, Break Point, Credit Rating, Credit Report Companies, Fixed Rate Mortgage, how to improve your credit score, Interest Charges, Lenders, Percentage Point, Thousands Of Dollars, Three Digit Number, Tiers, Year Fixed Rate Mortgage | Leave a comment

How To Raise Your Credit Score

Posted on June 16, 2010 by

Steven Gillman asked: Is it really that important to raise your credit score? Maybe. Lenders have “break points” between scores that get you one interest rate or another. Suppose you have a score of 688, and the lender drops the … Continue reading →

Posted in Finance | Tagged Borrow Money, Check Credit Reports, Credit Cards, Credit Reporting Agency, Creditor, Delinquencies, Excessive Debt, How To Raise Your Credit Score, inquiries, Interest Rate, Late Payments, Lenders, Mortgage Rate, Thirty Days | Leave a comment

Easy Ways to Improve Your Credit Score

Posted on June 3, 2010 by

Bryan Burbank asked: One of the most important things when it comes to getting a loan for a house or a car is our credit scores. Most lenders will check with the credit agencies and see what your credit score … Continue reading →

Posted in Finance | Tagged Accuracy, Car Credit, Credit Card Bills, Credit Cards, Credit Report, Credit Scores, Getting A Loan, Important Things, Lenders, Many People, Money, Pay Bills, Score One, ways to improve your credit score | Leave a comment