Archive for May, 2007

What’s the importance of knowing your credit score when the creditors run your credit anyway?

Wednesday, May 23rd, 2007

AMEFIKA asked: When I apply for loans and tell the creditors what my credit score is they still run my credit. All the reports I read talk about the imporatnce of knowing your credit score and that’s fine. But what’s the importance of knowing my score when the creditors run it anyway? Also, [...]

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How much does your credit score increase when you pay off an auto loan?

Saturday, May 12th, 2007

Lisa D asked: The last time I viewed my credit report, it did not have my auto loan as paid off. I had paid it off about a week before my credit report was pulled. Does anyone know how much that will increase my credit score? My FICO score was 545 and [...]

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How soon will my credit score improve after my debt is paid off?

Thursday, May 3rd, 2007

meowcat asked: I am selling my house (it was an investment property that I am flipping) and using the proceeds to pay off credit card debt that I have incurred while redoing the home. After the house is sold all my cards will be paid off and the only things I will have to [...]

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