Tagged: Score.

A Few Facts About Your Credit Score.

A Few Facts About Your Credit Score.

A Few Facts About Your Credit Score. Statistics from your credit report define what your credit score is. Your credit score is not stored with your credit report, but is generated at the time there is a request to your credit report. Why are credit scores used? Anytime you apply for a loan the credit score effectively tells the lender based on a score rating, your ability to repay the loan based on your prior payment history, and your current credit status. Everyone from banks, auto dealers and mortgage companies utilize this method of credit rating to determine the risk....

Envision a Better Life by Increasing Your Credit Score

Envision a Better Life by Increasing Your Credit Score

Envision a Better Life by Increasing Your Credit Score Have you been deprived of getting a loan, mortgage or credit card? Do you know how you can increase your credit score? Your credit score can make or break your way of living or lifestyle in a lot of ways. Maintaining or keeping a good credit score, especially in times of economic hardships, is really quite extraordinary. Most lenders looks into the credit score of those applying for loans, mortgage, or for credit cards. As it is part of the business, they want to know and double check the capability of...

Myths And Truth About Credit Score.

Myths And Truth About Credit Score.

Myths And Truth About Credit Score. Credit score is the key factor determining approval of almost any type of credit. It is based on the information contained in your credit report files. The widely used FICO score was developed by Fair Isaac Corporation, and it is a formula which assesses your potential credit risk. The information used to calculate credit score can be broken down into five major parts. Your payment history with banks and other lenders will account for 35% of the score, the amount of money you owe for 30%, and the length of your credit history for...