Credit Score-Free Credit Score

Your credit score is a numerical gauge of your ability to payback loans. Anytime you want to borrow money or get credit, the lender will look up this score to determine the risk involved in lending to you. The higher the score the better, so if you get a credit report and see a high [...]

The factors on your credit report that are used to determine your credit score are broken down into 5 categories, each with it’s own weight on the equation.1. payment history (35%)2. amounts owed (30%)3. length of credit history (15%)4. new credit (10%)5. types of credit used (10%)Payment HistoryOne of the primary reasons that the credit [...]

niebuhrian asked: I have 3 credit cards (2 MasterCards and 1 retailer card). I pay off my balances monthly and therefore have no debt. One MasterCard has a credit limit of around $18,000 and the other has a limit of $19,000. The retail credit card (which I have only used once) has a limit of [...]

bankruptcyattorney asked:

Bankruptcy Attorney Jamie Ryke of the Law Offices of Second Start explains what happens to your credit score when you file for Chapter 7 or Chapter 13 bankruptcies.Shalanda Edward

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tau.reanb asked: I fell behind on my student loan payments and it hurt my credit score pretty badly. However, I will soon be caught up thanks to a forbearance.
How soon can my score recover? The student loans are the only debts on my credit scores and I have no large credit [...]

Are you hesitant to apply for a home loan just because you have a bad credit score? Good credit score is important but if you have bad credit it does not mean the end of the world. You can still get a home loan if you have a bad credit score.You need to be very [...]

7brandontube asked:

If you want to get a mortgage loan and buy a home, you’ll need a good credit score. In this video, Brandon Cornett (creator of the Home Buying Institute) explains what you can do to raise your credit score fast.Leon Jelden

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unioncreditdr asked:

There’s no guaranteed way to raise your credit score quickly, but here are some things you can do to help boost your score: 1) Dispute any mistakes you find in your credit report 2) Pay down credit card balances 3) Have strong, positive credit references Union Credit Doctor Gerri Detweiler gives you tips [...]

Your credit score is calculated by using mathematical formulas that analyze your creditworthiness. The formulas consider the amount and types of debt you owe and then analyze and compare your repayment history with thousands of other consumers to determine your credit score.Credit scores are designed to measure the risk of default by taking into account [...]

Credit scores are the equivalent of a financial report card. There is no way to avoid having credit scores since the Big Three consumer reporting agencies - Equifax, Trans Union, and Experian - keep tabs on your credit situation daily. These agencies then report your scores to any lender who requests it.A credit score is [...]