Credit Score-Free Credit Score

Annualcreditreport gives you a credit report free once a year, but they don’t give your credit score. I have been a lender for 7 years, and believe me when it comes to getting your loan done everyone looks at credit scores. Your credit score is a bench mark for banks to sell your loan on [...]

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 [...]

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 [...]

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 [...]

You need to know how credit scoring and your credit report works to get out of debt and improve your financial future. Here is what you need to know.You may be wondering how some people can walk into a lending institution and get credit, or loans, while others that have the same income or job [...]

Most of us know what our credit score it. Let’s face it, how could you not know? But so what? what does that number mean? Many American’s have asked “is 700 a good credit score?” Well, it’s time to find out.One reason many ask “is 700 a good credit score?” is because only one-third of [...]

Credit Score being the doorway to financial health I thought I would give some tips on what to avoid so your credit score is not affected. If your credit score is currently low I guarantee that you are paying too much to your creditors. Any business that is in business for profit is looking for [...]

When you apply for credit, whether for a mortgage, an auto loan, or a credit card, your credit score will determine whether or not you can secure financing, and what type of interest rate you can get. While you probably have at least some idea of how good or bad your credit is, it is [...]

he words “credit score” into any major search engine and you will quickly realize that knowing your credit score - and improving it - is big business. There are a number of companies out there that specialize in teaching individuals about the importance of their credit score.In truth, your credit score holds a much larger [...]

Before you pay your bills this month, learn more about what actions will harm your credit score. Your credit score is used by the credit bureaus as a measure of your credit worthiness. The national average credit score is 692, according to Experian Information Solutions, Inc. Credit scores fluctuate by credit bureau, but they are [...]