How come your credit score goes down everytime u do a credit check?

it shouldn%26#039;t go down when you check your credit. It should only be going down when someone does a credit inquiry. It goes down because the assumption is that you are about to take out another loan/credit card etc so its just anticipating that.

It shouldn%26#039;t be affected by things like a background check like if an apartment does a criminal and credit check before you move in.

If you see an inquiry that you did not autorize, report it to the credit agency. Companies are required to get your written permission before doing the type of inquiry that can affect your score, if they can%26#039;t get proof that you autorized the inqury then they are required by law to remove it from your record.

.

How come your credit score goes down everytime u do a credit check?

Because your money does not generate more and more.

How come your credit score goes down everytime u do a credit check?

Because the keep count of the number of credit checks, but not necessarily who%26#039;s making the checks. As for as anybody who%26#039;s looking at your credit report, the can only assume that you have applied for credit with every check.

How come your credit score goes down everytime u do a credit check?

It shouldn%26#039;t go down when you do a credit check on yourself, like your yearly free report. That is for your info and you have the right to view it once a year free of charge (www.annualcreditreport.com). If you say, apply for a credit card, insurance, car loan, etc and they run a credit report it will bring your score down a couple points. Unless you do it over and over again it will even itself back out again within a couple months (assuming you are still paying everything on time, etc). They also want to see if how many inquiries you have versus how many actual loans you received. If someone else turned you down, it begins to make a bank/loan co question why that person turned you down and if they should do the same, etc.

How come your credit score goes down everytime u do a credit check?

Your credit score does NOT get effected when YOU check your credit online. That is simply not true. When a creditor pulls your score it can drop up to 5pts each time, but normally would only be about 2 or 3pts.And those pts. can be earned back quickly.

How come your credit score goes down everytime u do a credit check?

Because credit scores are all about risk assessment. When there have been no new inquiries, obviously the status quo is being maintained. But when a new inquiry occurs, the model sits back and waits to see what%26#039;s going to happen. Each inquiry represents a new account that might be opened - or there might be applications that are being denied for reasons that aren%26#039;t apparent. All a credit score represents is a compilation of various risk factors - and a new inquiry represents new risk, from the scoring model%26#039;s perspective. If your scores are good and the inquiries are infrequent and followed by transactions that are paid on time, the decrease in score should not be significant.

My credit score is 640,anyone know can i get discover card?

640 with proof of income should be enough to get you any card you want. Inlcuding discover, which typically is an easy one to get. nterest rate and credit line will of course be subject to the terms of your lender.

My credit score is 640,anyone know can i get discover card?

Go to www.myfico.com and then hit credit cards at the top of the page and the next page will ask u to put your score in. then u can see what kinds of cards u can get...

My credit score is 640,anyone know can i get discover card?

I%26#039;m sorry to say but I doubt it.

However, if you%26#039;d like to learn how to repair your credit then:

http://www.thecreditrepairmanual.com is your information source!

My credit score is 673. Is it good enough to be eliagable for getting a $ 6000 personal loan? Please

The cut-off for sub-prime borrowrers is 650....so you are a good bit above sub-prime. You have good credit...not excellent, but good.

Hate to answer your question with another question...but how stretched will you be after you get the $6,000? Are you using the money to pay off higher-rate debts? Or are you going to stretch yourself further?

How stretched are you now? If $6000 is big relative to your income, and then you miss a few payments....you could be headed for sub-prime land and trouble in a very short time.

The best thing to do is to check with your bank and ask if they will grant you the loan and what are the terms.

Make sure you can handle it.

Good luck.

My credit score is 673. Is it good enough to be eliagable for getting a $ 6000 personal loan? Please answer?

Sounds like a good score to me, but every company has their own guidelines. Depends if you have enough potential capital to pay it back. They may not give it to you if your payments are going to be 75.00 a month and you dont have 75.00 left in the budgett to pay for it.

My credit score is 673. Is it good enough to be eliagable for getting a $ 6000 personal loan? Please answer?

you have what%26#039;s considered %26quot;good%26quot; credit, but not excellent credit. You could get a loan, but the interest rate may be slightly higher than what someone with %26quot;excellent%26quot; credit will get.

My credit score is 673. Is it good enough to be eliagable for getting a $ 6000 personal loan? Please answer?

I know a very kind loan shark down the street from ya....very nice man...he don%26#039;t care about points either. although...you lose a finger for every day your late!!!!!! lololol.

My credit score is 673. Is it good enough to be eliagable for getting a $ 6000 personal loan? Please answer?

read tips and articles on debt/credit , loans and much more on this site

My credit score is 673. Is it good enough to be eliagable for getting a $ 6000 personal loan? Please answer?

good enough for a $6000 loan. but don%26#039;t expect toget a good interest rate.

My credit score is 673. Is it good enough to be eliagable for getting a $ 6000 personal loan? Please answer?

Your credit score is decent enough to get a loan, but remember that your income and expenses are also looked at. The lender will take the estimated monthly payment from this loan, add it into your other expenses, and determine if you have enough income to pay this additional debt.

My credit score is 673. Is it good enough to be eliagable for getting a $ 6000 personal loan? Please answer?

your score is high enough but it depends on your debt to income ratio how much you would qualify for....

My credit score is 673. Is it good enough to be eliagable for getting a $ 6000 personal loan? Please answer?

yes but it is also based on your income.

My credit score is 460 how bad is that?

In the lending business.... you would be classified as a %26quot;credit criminal%26quot;. Sorry, but the chances of you obtaining credit without a great deal of equity, or going to a loan shark, is nill. Paying off past obligations, staying current, and living within your means is the ONLY way that you will be able to raise that score.

My credit score is 460 how bad is that?

Considering that the national average is 675, 460 is BAD.

Credit scores only report down to 300 then they convert to 0.

Not that you could not get a loan with your score, you can but the rates are going to be whatever your State maximum allowed is. And if it%26#039;s for a vehicle, you can look to make a down payment in the $2,000.00 to $3,000.00 range.

My credit score is 460 how bad is that?

crap.

My credit score is 460 how bad is that?

Ouch! That will definitely leave a mark. It may help to know what makes up your score.

35% payment history - any time you%26#039;re late it will show up here. The longer you let a delinquenr account fester, chances are it will become a collection account and tank your score even more

My suggestion to you would be to make arrangements to pay any delinquent accounts you have. If you happen to have any credit cards that are still open start paying on time and pay down the balances. Doing those two things alone will help out some. It will take time to get you back on track, but keep your head up!

30% total debt vs. available credit- this is especially bad if you have maxed-out credit cards or collection accounts. The more debt, the less available credit, the worse your score.

15% length of time establishing credit- how long you%26#039;ve had your accounts will show here. If you%26#039;ve had your accounts less than a year or two, and they%26#039;re already in collections, that%26#039;s how you got to where you are

10% types of credit established- it%26#039;s one thing to have a bunch of credit cards, and another thing to have a bunch of credit cards that you%26#039;re not paying on, but when it comes to credit, having a bunch of credit cards just isn%26#039;t going to cut it. All it shows is that you%26#039;ve now become a part of a growing statistic for credit card debt. Having good credit takes more than just a wallet full of credit cards. Can you finance furniture? Or a car, or some jewelery? There%26#039;s 2 types of credit revolving (credit cards) and installment (car loans, mortgages) You have to have a mix between the two to show that you%26#039;re versatile to handle all sorts of credit.

10% Inquiries and New Acccounts vs. Established Accounts- It%26#039;s easy to open a new credit account and even easier to apply for one. If you%26#039;ve recently applied time and time again, then chances are it will reflect here. Inquiries when applying for credit drops your score anywhere between 2-5 points each time and it stays on your report for 2 years. And if you%26#039;re fortunate enough to become approved, becuase the account is so new, it%26#039;ll have an initial affect on your score until activity has been established on the report for the account

My credit score is 460 how bad is that?

Its awful.

Really anything under 500 takes work to get it that low. But scores can change. Just keep chipping away at it and before you know you might be way up into the 500 range.

My credit score is 460 how bad is that?

Well, the good news is that you now have a starting point to rebuild your credit! Take this opportunity to regroup and reapply yourself to correcting your credit issues. May I suggest a site that can help you do just that.

http://www.thecreditrepairmanual.com

Best of Luck,

My credit score is 460 how bad is that?

Unfortunately, it%26#039;s very bad. So bad that it%26#039;s dismal.

FICO scores range from 300 to 850. Most lenders assign a letter grade system to a range of FICO scores(just like the letter grades you received in school). The guidelines for the letter grade system vary from lender to lender, but here%26#039;s how they generally are:

A = 720-850

B = 660-720

C = 620-660

D = 580-660

E or F = anything below 580

As you can see, you%26#039;d be %26quot;F%26quot; credit. A %26quot;620%26quot; is the general boundary for what%26#039;s considered %26quot;good%26quot; or %26quot;bad%26quot; credit. Once you get a score above 620, you can qualify for loan products at somewhat decent rates that aren%26#039;t considered %26quot;subprime%26quot; or predatory. A %26quot;580%26quot; is the general cutoff for qualifying for most credit(even subprime). It is also the cutoff for qualifying for a first-time homeowner 0% down mortgage(although that guideline is probably changing very soon if it hasn%26#039;t already, with the recent subprime mortgage market collapse).

Your score is so low, that you%26#039;ll probably even get rejected for predatory credit cards like that from Aspire or First Premier. But do not fear too much. All you need to do to raise it is to pay off any unpaid collections that aren%26#039;t older than 2 or 3yrs old(paying off old collections might HURT your score more), pay down credit card balances to less than 30% of the limits, keep up a consistent payment pattern, and avoid applying for new credit.

If you%26#039;re going to apply for ANY new credit at all(which you%26#039;ll inevitably have to do if you don%26#039;t have any open credit accounts on your credit report), make it a secured credit card and a secured loan. The best place to get these is at a credit union. Both of these products work the same as ordinary credit cards or loans, but require an upfront deposit that you get back after ~12mo. or at the time that the loan is paid off. The important thing about these secured products is that it%26#039;ll help you to reestablish your credit. Also, some credit unions do not even require a credit check/inquiry for giving you a secured product...all they ask for is that you currently have a bank account with them, and that you place a deposit into a Certificate of Deposit for a minimum amount of time! So if you do all the things that I%26#039;m telling you to do, then you%26#039;ll probably see your score rebound into the high 500s within 6mo.-1yr. There are more things to do to boost your score. Try searching this site or a site like Creditboards.com for more tips.

My credit score is 460 how bad is that?

460 is pretty bad but you can improve your score rather easily.

-Start paying more than the minimum on your accounts (even if it%26#039;s only $1 over)

-Call your credit card company and get a credit limit increase, this decreases your % of credit used which helps your score.

-Start paying as much on your debts as you can and don%26#039;t add on any new debt and you%26#039;ll be up in the 650 range in less than 6 months.

My credit score is 460 how bad is that?

bad!!! Mine was like that last year. I paid off all my bills that were in collections and I make sure I pay my bills on time now.. Now my score is 600

My credit score is 552, can I still buy a new motorcycle with a down payment?

Yes. It will require a 100% down payment.

My credit score is 552, can I still buy a new motorcycle with a down payment?

Maybe at 16% interest loan.

My credit score is 552, can I still buy a new motorcycle with a down payment?

They are pretty strict with motorcycle loans. it%26#039;s not like a car or house. Cars and houses are necessities while bikes are leisure. You need to put at least 35 -45% of the total cost of the bike down.

My credit score is 685, with one bad account. i have 2 open in excellent standing, the bad one is pa

and closed. will it be hard to get a loan for a house

My credit score is 685, with one bad account. i have 2 open in excellent standing, the bad one is paid off?

Partly it depends on how long the current loans have been on the books. If you had one derogatory, and only two other accounts, the lenders would like to see those good loans be %26quot;seasoned%26quot; for at least 2 years, preferably 3.

At 685, though, and no current delinquencies, the lenders will look a bit harder at your Debt-to-Income (DTI) ratio and your employment history. You should get the loan, but the interest rate will depend on how the lenders like the rest of you.

My credit score is 685, with one bad account. i have 2 open in excellent standing, the bad one is paid off?

No it won%26#039;t; you%26#039;re not going to get a competitive interest rate, but your score is good enough to get financing. If you have a down payment, you shouldn%26#039;t have any problems.

My credit score is 685, with one bad account. i have 2 open in excellent standing, the bad one is paid off?

No hard but a higher rate than if you had good credit.

My credit score is 685, with one bad account. i have 2 open in excellent standing, the bad one is paid off?

No, that%26#039;s not all that bad. It would help if it was over 700. You will be offered higher interest rates than you might otherwise have received. Look at getting an interest-only loan for five years (which will then revert to an ARM). After a year of having the mortgage, your score will be higher. Look around then for an affordable conventional 30 year loan. If all goes well, it won%26#039;t cost much, if any more than the interest only loan, because your credit score will have moved up.

My credit score is 685, with one bad account. i have 2 open in excellent standing, the bad one is paid off?

Check your credit report to make sure there%26#039;s not faulty information with any of the 3 agencies. Lenders will look at a multitude of factors including income, current debt, and credit limit.

The bigger your downpayment, the better. If your current debt is high, make extra payments to the account charging the highest interest. If your credit limit is high, consider closing one of the accounts. If your income is a concern, get another job; remember people who work on tips report their income.

My credit score is 685, with one bad account. i have 2 open in excellent standing, the bad one is paid off?

You shoud qualify for 100% financing. A good loan officer can help you get the negative item removed as well. I suggest Hometown Banc Corp. They may be your best opportunity for someone to say yes. If your credit does not measure up, they don閳ユ獩 simply 閳ユ竾orget to call you back.閳? They help you get into a credit repair program you can afford regardless of income. Check out the free evaluation form at the source website and a Hometown loan officer will contact you .

I have a credit score of 538, i need a personal loan for 2,500 no bad credit for the past 5years or

you can apply for non collateral and stundet loan on cynamonangel1@yahoo.com

I have a credit score of 538, i need a personal loan for 2,500 no bad credit for the past 5years or more?

538 is very bad..

If you are lucky enough to get approved by someone, you are looking at 20% or more on the interest rate. Unless you have some asset you can use as collateral.

I have a credit score of 538, i need a personal loan for 2,500 no bad credit for the past 5years or more?

538 is not a good credit score. You should try to increase your score. Check out www.bankrate.com

I have a credit score of 538, i need a personal loan for 2,500 no bad credit for the past 5years or more?

Try going to a local credit union. They are more lenient for people with damaged credit. Good luck...

I have a credit score of 538, i need a personal loan for 2,500 no bad credit for the past 5years or more?

you can try prosper.com

*Scam Alert**

Don%26#039;t pay attention to the people on here who are trying to Scam you.

Beware of Advance fee Loan scams.

ALL so called %26quot;Private Lenders%26quot; who ask for fees upfront are scammers...

my Advice: Don%26#039;t deal with anyone from a foreign country and never use wire/bank transfer services.. you risk losing your $$ and your mind.

I have a credit score of 538, i need a personal loan for 2,500 no bad credit for the past 5years or more?

prosper.com would probably be the only place where you can get a loan. 538 is not even close to almost being a good score. and the fact that its been five years, doesnt make a difference.

and as others commented, beware of scammers on here soliciting loans, damn nigerians.

I have a credit score of 538, i need a personal loan for 2,500 no bad credit for the past 5years or more?

There is a great place to go with this. I was in a very similar situation.

This is getting help from real people without the use of banks or credit card companies. Good Luck!

http://www.prosper.com/join/lzc5wh

550 credit score need to get to 650 what is the best thing to do?

Wow! Bad advice so far! Please do not pay off eveything you owe! This will lower your credit score even more by resetting the clock of the DOLA (date of last activity) on your negative accounts.

Best thing to do.. Get your credit reports by signing up for a free trial at privacyguard.com or some similar company. DISPUTE any and all negative info on your reports to all three credit companies. Believe it or not, some of the negative info will be deleted quick and easy. Others may be more difficult but dispute it again and again. Eventually the company that reported you will drop the ball and not %26quot;verfiy%26quot; the item within the 30 day period as required by law.

Also look into some of the various companies on the net that can add a seasoned trade line to your credit history. This can be expensive, upto 1000 bucks in some cases, but well worth it. Raised my credit score 83 points within a few months.

If you need help deleting the negative info, Lexington Law is one of the best around. The credit reporting laws are on the side of the consumer and raising your score 100 or so points in less than 6 months time is very possible. GOOD LUCK!

550 credit score need to get to 650 what is the best thing to do?

I disagree with several things that the poster said in his %26quot;best answer.%26quot; DO NOT use Lexington Law, for you can dispute things yourself for free w/ just some knowledge about how the credit reporting works. Report It

550 credit score need to get to 650 what is the best thing to do?

DO NOT try to get a %26quot;seasoned line%26quot; from someone you do not know...it could be a scam! They need to obtain SS#, birthdates,etc in order to add you to a credit line. Only aim for %26quot;seasoned lines%26quot; from relatives or people you know and trust! Report It

550 credit score need to get to 650 what is the best thing to do?

Paying off your bills will NOT hurt you. If you want an immediate score increase, pay off your bills in full. If you want the biggest long-term increase, pay off your credit cards in 6-12 mos so you can reestablish payment history %26amp; consistent payments. Report It

550 credit score need to get to 650 what is the best thing to do?

pay off any outstanding debts on your credit report. then, make sure to pay ALL your monthly payments on time. that should help. it takes quite a while though, so patience is key.

550 credit score need to get to 650 what is the best thing to do?

Get a copy of your credit report and pay everything off you owe. Don%26#039;t ever be late on any payment again. Wait it out.

550 credit score need to get to 650 what is the best thing to do?

it%26#039;s just a number. if you live on less than you make and pay cash for everything you buy, you%26#039;ll never need a credit score. it%26#039;s possible to live debt free. try it.

550 credit score need to get to 650 what is the best thing to do?

%26quot;Buiilding credit can be done in many ways. If you are disappointed at your loan application being turned down, it is mainly because of absence of credit history. You should learn how to do build your credit.

Do not buy unnecessary items. If you are looking to build credit start spending properly.

If you see any errors in your bills or credit, reports, contact the concerned persons immediately.

If you have purchased an item using your your credit card that later turned out to be defective or gave poor service, then you need not pay the charges.But you have to dispute the charges with the parties that were responsible for the act. If they do not replace the item or compensate you for a service or product, you are justified in refusing the payment.%26quot;

550 credit score need to get to 650 what is the best thing to do?

Ok - here%26#039;s what I did to raise my score about 100 points and I did it in a matter of months. Will it work for everyone? It may not - since everyone%26#039;s situation is different.

First, I got a copy of my credit report and dispute two negative items that were not my accounts. I had to fight like mad to prove this, but I was finally able to get them removed.

I also had two high interest loans - one with American General Finance and one with Dell and I went to the bank and had them paid off with a MUCH lower interest rate.

I had a credit card with a $500 limit that was almost maxed out and made a $400 payment on it. (It%26#039;s very important to get those balances below 30% of your limit!!)

No more credit inquires. Once I got the loan to pay off the high interest items, I stayed clear of asking for any credit (and still do today - no more than 2-3 a year).

Hope this helps - just remember to pay your bills on time and sometimes time, itself, is the answer.

550 credit score need to get to 650 what is the best thing to do?

keep paying your bills on time.. it will take time it don%26#039;t happened over night..

Why does your credit score go down if you inquire on different credit proposals?

They believe that you are going to open a bunch of credit cards and might take on more debt (lowering your income-to-debt ratio). That makes you a worse credit risk.

What credit score do you need to rent an apartment in NYC?

If I have a 740 and my roommate has a 640, will we be approved? We%26#039;ll need both of our incomes to qualify.

What credit score do you need to rent an apartment in NYC?

That%26#039;s fine. There is no score limit. It%26#039;s just having good credit. No deliquencies or huge outstanding loans.

What credit score do you need to rent an apartment in NYC?

Credit scores aren%26#039;t generally checked for rentals. You%26#039;re more likely to need references and proof of income.

What credit score is needed to finance a vehicle for the first time?

This is what I do for a living.

And the real answer is you do not even have to have a score.

I have lenders that will approve people with no scores as long as they have been on their job and at their residence for over 1-year and have no derogatory credit and $1,000.00 for a down payment.

Now if you are wondering about getting the best rate? Chrysler requires a 680 score to get their best rates.

What credit score is needed to finance a vehicle for the first time?

What price range car are you looking at? and do you have a down payment?

You may be able to qualify if your CS is as low as the low 600%26#039;s, but you%26#039;ll need a down payment. Keep in mind interest rates rise in proportion to your credit score.

What credit score is needed to finance a vehicle for the first time?

if you pay at least 20% down on a car thats at least 10k then a credit score of 520 or better is all you need

you will of course be charge an outrageous amount of interest but thats the price you pay for beginning credit. once you have that paid off then your credit will be established and your interest rates will plummet and you will be able to buy any car you want

My credit score is 754 but there are some negative items on my report how do i remove them ?

Through credit repair......with any luck maybe you can reach 800! Usually companies charge hundreds of dollars to simply pull your credit and send correctly worded dispute letters閳ユ敄his is the key閳?.people will tell you that you can do this yourself for free but the truth of the matter is that the credit bureaus will throw your letters away or simply reject them. There is an easy to use online kit that will deliver the results you want available for just $19.95 at the source website. A similar kit is being sold via infomercials and radio talk shows for seventy dollars more but they try to solicit you repeatedly for other services after the fact.

My credit score is 754 but there are some negative items on my report how do i remove them ?

Wow, that%26#039;s a great score. Congrats. You can%26#039;t remove them. Negative items stay on your report for seven years, then they are removed automatically.

My credit score is 754 but there are some negative items on my report how do i remove them ?

go to the credit agency that has the negative items on them and dispute them. they will let the companies know that you have a problem with the negative items on your report and let you know my mail or email if successful

My credit score is 754 but there are some negative items on my report how do i remove them ?

You can%26#039;t. You%26#039;ll have to wait for them to expire.

Also, if you get some joker named STUDLY answering your questions, you%26#039;d be better off blocking the idiot. He blows people off, judges them and answer a lot of questions incorrectly just to get top contributor status.

My credit score is 754 but there are some negative items on my report how do i remove them ?

You can write to the credit bureaus that have the negative items and dispute them or you can do it on line. They have 30-days to prove that the items are true or they must remove them.

If the items are true, they will not be removed for 7-years.

What credit score do landlords look for?

I need to know this for renting purposes.

What credit score do landlords look for?

It depends on the landlord. Generally at least 620 at the nicer places...

What credit score do landlords look for?

I have rented loads of houses and apartments, and NEVER has a landlord looked up my credit score!

What credit score do landlords look for?

Generally 550 or better. lower then 600 is considered only %26quot;fair%26quot; but they usually will accept that with a security dep. of soem sort if not more then is required. It also depends where you are renting from...

What credit score do landlords look for?

Landlords are not really looking at your credit score, but on your payment history, especially if you are applying to a high-end apartment. If you have a history of paying late or not paying at all or many collections on your credi (especially from previous landlords or utilities)t, then this could be a big gamble for the landlord to take.

Marks such as those on your credit score can be a indicator that you will not pay your rent on time either. Before you fill out the rental application and pay the fee, pull up your own credit report and see whats on there. If you have anything within the last 3 years that is delinquent, not paid, any bankruptcies-7 or 13, or collection activity against you, then you should be prepared to explain on the application why those are on there and state that you are willing to perhaps pay a bigger security deposit. Listing your credit delinquencies on the application shows that you are aware of your credit and you are working on the past due accounts. Otherwise, you might also have to accept having your application rejected altogether.

GL-

MA

What credit score do landlords look for?

ask for his total income

see how much money he has on his credit cards

or morgate

or carloan

he / she should be making 2 times X rent extra after paying credit cards so that he will pay rent on regular basis.

What credit score do landlords look for?

At least 550, but what they are really looking at is your payment history. If you have a history of paying things late, collections from other property management companies or judgments they may require a large deposit.

My credit score now is about 600, how long will it take to raise it to 800?

help please.

My credit score now is about 600, how long will it take to raise it to 800?

between minimum 1 year to 2.5 years

My credit score now is about 600, how long will it take to raise it to 800?

There is no set time. It may never reach 800.

Just keep paying your bills on time and it will go up.

My credit score now is about 600, how long will it take to raise it to 800?

that might be tough. but if you increase your income and decrease your debt obligations, you could make it sooner than you think.

point: better to have 1 $200 debt account, than 2 $100 debt accounts.

My credit score now is about 600, how long will it take to raise it to 800?

The day you make your last payment on a $600,000 house loan and actually own it,m then your score should be 830.

My credit score now is about 600, how long will it take to raise it to 800?

Credit scores are a very complex statistical model of credit use ratios, credit limits, payment history, the number of accounts, how long accounts have been open, and types of accounts. There is no set time but there are a number of strategies you can use besides the obvious of just paying on time..

For example:

If you have several credit card accounts and you carry a balance keep the balances as low as possible as a ratio compared to the limits. Utilization ratios make a difference. Do not combine all the accounts into one and close all the other accounts. 1 account with a $3000 balance and $4000 credit limit is a 75% utilization rate. On the other hand 3 accounts with a $1000 balance each and a $4000 limit each is a lower, much more favorable 25% utilization rate. If a company raises your limit, be happy but disciplined, if you dont spend more you improve your utilization ratio.

Avoid having numerous department store type accounts, too many of them will keep your score low. If you dont have any now, having 1 wouldnt hurt. But if its only say a $300 limit, pay it off each month or keep the balance less than $100.

Other suggestions I would make would be based specifically on what accounts you currently have and how long you have them. If you close any accounts keep the ones you%26#039;ve had the longest.

Hope this helps somewhat

My credit score now is about 600, how long will it take to raise it to 800?

Actually depending on how many open tradelines you have, you can get your fico score up close to 800.

What actions will hurt the score:

~ Missing payments (regardless of $ amounts...it will take 24 months to restore credit with one late pay)

~ Credit cards at capacity (maxing out cards)

~ Closing credit cards out (this lowers available capacity)

~ Shopping for credit excessively

~ Opening up numerous trade accounts in a short time period

~ Having more revolving loans in relation to installment loans

~ Borrowing from finance companies

What Improves the score:

~ Pay down credit cards

~ Do not close credit cards because capacity will decrease

~ Continue to make payments on time (older late pays will become less significant with time)

~ Slow down on opening new accounts

~ Acquire a solid credit of history with years of experience

~ Move revolving debt into installment debt

I help people restore their credit and educate them on increasing their fico scores. It%26#039;s not magic and doesn%26#039;t happen overnight. But, it doesn%26#039;t have to take as long as most people seem to think.

You can email me if you like, and I%26#039;d be happy to speak with you!

Good luck to you!

My credit score now is about 600, how long will it take to raise it to 800?

Raising a fund of 800 will not be a problem when the market is filled with bad credit loan lenders. They offer good interests and you may find them online.

http://loan-guides.net

610 Credit score, 100% financing... how?

So heres the skinny i make about $34k a year, my FICO is at 610 as of this morning, and i have no money for a down payment so would need 100% financing... I am looking to invest into multi unit properties, the properties i am looking to purchase are 3-4 units and are no more then $125k per building...

Here are my questions... Are there banks that will finance me? and if so where because i am not having any luck finding them...

I would like to start investing and buying a place every 4-6 months or so, is it possible to get into investing into multi unit buildings if you have no money down? Say i have bought my forst building with no money down, will i be able to get financed for a second, thirds, fourth, etc with no money down?

Also does it make sence to start a LLC or some kind of small business and buy the buildings using the business instead of my personal info? what are the advantages/disadvantages?

Thanks!!

610 Credit score, 100% financing... how?

Not likely. Non owner occupied investment properties usually require 20% or more down. And that 610 FICO isn%26#039;t very attractive either.

There are probably %26quot;fringe%26quot; lenders who will take you on, but the interest rates are going to be VERY high. Do a detailed cash flow analysis on the property and financing and see if it will generate enough $$$ each month to cover the payments and other expenses, i.e. taxes, insurance, utilities, maintenance %26amp; repairs, and vacancy costs.

An LLC without a credit history (D%26amp;B rating) will need a personal guarantor. Same concept as a cosigner -- and that will be you. Your credit worthiness will decide, not the LLC%26#039;s, and 610 isn%26#039;t the territory that investment banks are looking for.

Probably the only realistic way in at this point is to search out properties with assumable mortgages that the owner wants out of for the mortgage balance alone. Most of the time properties such as this are in rough condition and won%26#039;t generate enough cash flow to sustain themselves -- that%26#039;s why the owner wants out. But you could get lucky and run into a landlord why just wants out for other reasons -- health, bad tenants, whatever -- and be able to pull a viable deal together.

610 Credit score, 100% financing... how?

if you have over a 580 credit score many places will give you 100% financing on a mortgage........credit score is only half the battle.....your monthly debt ratio is the other half. you need to have a monthly debt ratio normally under 50% you only need to use the debt that appears on your credit report. like car loans, other loans, mortgage payments...things like that. add all of those up and if they are less than half of your gross monthly pay you are in business. if you buying investment properties, you probably won%26#039;t find someone to do 100% financing, maybe 90% is the best you will find......so you may need 10% down.......also even if you did 100% financing, you still need to have money for closing costs which can not be financed.........you can also ask the seller to assist you in paying closing costs which is a huge help.........hope this helps

610 Credit score, 100% financing... how?

Right now you are in over your head. Multis in your price range nee a LOT of work. Can you afford that? The best way to generate income is with 4 Units per bldg. or more. More than 4 Units is considered Commercial nad the requirements for Comm. loans are different esp. since you have no experience with rentals. Find a GOOD advisor and pick their brains. Someone who has done this successfully. Not some jerk just guessing.

610 Credit score, 100% financing... how?

sure you can .The interest rates will be in the higher fives and lower sixes .write to me at kishaloy_bhowmick@yahoo.com and i will provide you the detailed information.

Your credit score is good one!!!!!!!

regards,

kish

610 Credit score, 100% financing... how?

little know company called NACA - www.naca.com - they will fix your credit and give you debt counseling for free and then set you up a with a good loan and good interest rate - and they offer up to a 100% financing. I%26#039;ve heard about it from other people and they were very happy with it - but it depends on where you live if the program if offered. - check it out! :) Good luck.

Raise credit score?

Doe%26#039;s any one know if its posible to negotiate debt with debt holders so that a debt can be completely cleared up.

Raise credit score?

Most creditors are willing to work out a payment plan with you rather than reposess or foreclose. It is cheaper for them to work it out with you, then to foreclose. Smaller companies are harder to deal with since they will generally pass it on to a collection agency since they may not have the resources to work out a payment plan. Whatever you do, do not ignore them. It reflects better on you if you go to them first, and they are usually more willing to work things out if they know what is coming, and they have programs for most situations, such as deferring interest on a mortgage loan, or lowering the minimum payment.

Raise credit score?

Sure. You can always negotiate debt, but do it directly with the company you owe money to. This way you can give them an offer and they can choose to settle for that amount.

My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner>?

it%26#039;s only a bit below average and with a co signer you shouldn%26#039;t have any problem

My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

It%26#039;s not that good. A co-signer would help you get a better interest rate

My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

why don%26#039;t you ask your bank?

My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

Yes because the cosigner is what the loan place will look at ,mostly

My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

624 is good enough to get a $15000 loan on your own, providing you have some good %26quot;green%26quot; history going back about 2 years. With a cosigner, you should consider that the cosigner should have equal or greater income, credit score and credit history to qualify. It also depends on your loan.

My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

Actually you have a few options. But the main one you have to consider is how much you want to pay in interest. With your credit score you%26#039;re interest rate is going to be outrageous no matter what. Cosigners do not help you get a loan in ANY way... all they will help to do is slightly reduce your interest rate if... and only if they have better credit than you do. If you are unable to get a loan without a cosigner then most likely you won%26#039;t be able to get one with a cosigner. There are several financial institutions out there however who specialize in financing people with poor credit scores. You should see what options your bank has... perhaps they will be able to work with you on this.

My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

if you get your lender from here i think you shouldn%26#039;t need a cosigner

http://www.wesayes.com

My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

I%26#039;ve worked in auto loans for several years and if your high credit is reasonable you should have no problem getting an auto loan without a cosigner for 12-15k. If your only credit is a 1200 sofa from a furniture store, then that%26#039;s probably not good.

My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

It is decent however not strong. You could probably get a mortgage if you had 5% to put down. What type of loan are you applying for? Car loan, credit card, etc. Some are riskier than others. If your cosigner has strong credit though, you should be fine.

My credit score is 624, is this good, bad, good enough to get a 15,000 loan with a cosigner%26gt;?

A 624 is fair. You might need collateral (such as a car title, house title) or have a good relationship with a bank.

What does your credit score have to be fo rooms to go credit cards?

If you don%26#039;t know if your credit score is good enough for a Rooms to Go credit card, then you probably can%26#039;t afford new furniture.

I suspect the standards are pretty low. They offer all those interest free deals but the furniture is overpriced for the quality. That%26#039;s how they make money.

Instead of going into debt, save up and pay cash for your furniture.

What does your credit score have to be fo rooms to go credit cards?

Credit score has more to do with the rate you get it at. You can get a credit card at any credit rate, but if you have like a 600 then expect to have a horrible interest rate like 18%-24%.

What does your credit score have to be fo rooms to go credit cards?

This website has a database so users can post what cards they got and what their score was when they got it and for Rooms To Go it looks like a minimum of 600. It also looks like they always pull your Equifiax report and are pretty forgiving of bad accounts as long as you%26#039;re above 600.

626 credit score auto loan possible?

I would like to buy a car but have been turned down for financing any suggestions

626 credit score auto loan possible?

someone will give you a loan just keep trying

626 credit score auto loan possible?

yes. they got some good sights., don%26#039;t remember name/ any way, you can choose a car exact the color and all. then you can make a bit or tell them a price you r willing yo pay. then usually 4 or 5 dealers will contact you, you do al little.....................................

626 credit score auto loan possible?

It may be possible, but typically creditors don%26#039;t just look at the score. They also look at things like past repayment history, collections, judgements, foreclosures, etc. The most recent 12-24 months are the most important, although a credit report shows 7-10 years of credit history. You may wish to consult annualcreditreport.com. You can get a free credit report (you have to pay for the score, but don%26#039;t bother) without hurting your credit and read more about your report. Be sure to dispute any errors you find. Good luck!

626 credit score auto loan possible?

Try some more dealers with a larger down payment, if you must. Sounds like you need to save some cash and get you a paid-for car to get around in while you clean up your mess. New cars suck the life out of your budget and overall net worth as they drop in value several thousand bucks as soon as you drive it home.

A homeless person can get a new car loan...it%26#039;s just a matter of down payment and interest rate.

626 credit score auto loan possible?

well my credit score is in the low 600 and i just bought another car and had to finance $19,000. try a dealer that specializes in bad and low credit. It also doesn%26#039;t go by just credit score but debt to income ratio... also try a buy here pay here that reports to credit agency%26#039;s when I got my lisence 3 years ago i had no credit went to a buy here pay here that reports and 1 year later had a credit score and now have 2 car%26#039;s (06 Jetta bought brand new and a 03 chevy s10 I just purchased) So my advice is find a dealer that can help your look for a buy here pay here that reports. not all of them do.... Good luck

626 credit score auto loan possible?

You%26#039;re OK for a car loan. The collateral must also be OK. Some cars aren%26#039;t easy to finance i.e., high miles, older than 5 years, Daewoos and other out of production makes. After reading your question you could have a debt to income ratio problem. If you had a mortgage your qualification score would be better. Renters don%26#039;t score as high. Be careful not to paint yourself back into the corner with new debt.

626 credit score auto loan possible?

Check with your credit union first. If they say no. Go to

www.capitolone.com. Blank check. With your credit score

you may get a high interest rate, but they will finance you.

I%26#039;ve had a lot of clients use them.

P.S. stop letting people check your credit, it lowers your

score. Good luck, enjoy your new car!

626 credit score auto loan possible?

try capital one auto finance. They can usually give a decision in 15 minutes or less. I%26#039;ve been approved multiple times by them and I have probably the same credit score.

My credit score is 660. Can i get a mortgage?

I filed for chapter 7 bankruptcy in 2005.

My credit score is 660. Can i get a mortgage?

Yeah, but you pay more in interest charges

My credit score is 660. Can i get a mortgage?

as long as your bankruptcy has been discharged you can,

but you won%26#039;t get the best possible rate.But you most defianately

can with a 660.good luck

My credit score is 660. Can i get a mortgage?

you should be able to, your intrest will be higher.. but i think in most cases when you purchase a house it stands for itself so if you dont or cant make the payments they will always turn around and sell it, i go a one hundred thousand dollar loan when my credit score was around 645 but i didnt have a bankruptcy on my credit either

My credit score is 660. Can i get a mortgage?

You can get a mortgage. But you don%26#039;t want to get into something that may kill your pockets. So the best thing to do is be reasonable. E-mail me for more info dsroliver@yahoo.com

My credit score is 660. Can i get a mortgage?

I%26#039;d wait another 12 months......its the last 24 months of activity that are MOST important when applying for a loan. You will still pay a higher interest rate, but if you apply now, you%26#039;ll probably get stuck w/ a sub prime loan. Sub prime loans are horrible loans for the bottom feeders and very restrictive w/ super high interest rates.

My credit score is 660. Can i get a mortgage?

Yes, you are just going to pay out the butt.. they wont care about your current score, they will only use the bankruptcy to justify their mortgage rate. They will require more down.

Anyone can buy a house nowadayz.. its just affording the payments. Be careful to be modest. There is going to be a crash one day and poeple are going to lose everything if they are not being modest and wise.

Good luck, I%26quot;m doing a rent to own house for two years renting and then purchase it due to my bankruptcy. This will help continue to build my credit back up in two years and will show good faith. Its the way to go, you might want to consider it.

My credit score is 660. Can i get a mortgage?

If your credit is 660 then that is Great! That is very good score. 800 is perfect so you my friend are on your way. You should have no problem getting any loans, although the banksrupcy doesn%26#039;t look well, your credit score may offsset it.

I say Go For It.

My credit score is 660. Can i get a mortgage?

you sure can get a mortgage with bankruptcy

http://www.researchitforme.com/wesayes/h...

My credit score is 660. Can i get a mortgage?

yes you can the hire your score the better chance of getting a mortgages.

My credit score is 660. Can i get a mortgage?

chances are slim to none.

I just bought a house in sept and the bank told me my credit score which was 735. They said they wouldnt even look at anything under 678. My advice would be spend time building up your credit score by paying your bills on time, avoid getting to many inquiries in a short period of time, dont go over you credit limit, carry low balances on credit cards and just give it a little time. A bankruptcy will stay on your credit report 7-10 years depending on how you filed so I would advise you wait abt two years before trying to purchase a house.

Good luck

My credit score is 660. Can i get a mortgage?

Yes. There are many option available which include 100% financing. Keep in mind, the higher loan-value you require...the higher the rate. The score is ok and as long as you have a decent job I know of multiple options.

I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful.

My credit score is 660. Can i get a mortgage?

Doubtful....youre credit score tells the bank or lending institution how risky you are....and 660 is very very risky...you need to wait and work on your credit score.

My credit score in 678. what would be the average car loan rate for a new car..in miami florida?

right now my scorein 678 but im gonna buy a car next year around march-july. who knows more or less the rates that lenders are giving?

My credit score in 678. what would be the average car loan rate for a new car..in miami florida?

Whatever the rate is today...I guarantee it will change by the time you plan on buying!

Read the %26quot;transportation section%26quot; of todays (sunday) newspapers

The Chicago Tribune prints a chart every week with various lenders %26amp; their currant rates

If you%26#039;re buying NEW ,more often than not, auto manufacturers will offer low (as low as 0%) financing on their vehicles.

Transportation sections will also print currant incentives!

Hope This Helps

note to Ceprn:

(Ford Hybrid Escape ...0% X 60 mo. currantly)( also best warranty in auto industry on Hybrids)

My credit score in 678. what would be the average car loan rate for a new car..in miami florida?

It depends on what kind of car yu%26#039;re looking for. I see a lot of the US based companies have had 0 percent rates for the life of the loan, for up to 60 or 72 months.

Of course, they sell crap, so you%26#039;ll probably want something built with better quality and with better gas mileage, such as a hybrid. I think rates are about 8 percent for that.

Free credit score?

the only %26quot;real%26quot; score is the fair issac one and its not free, but you can get a free one on eloan.com...

on top is the pull-down menu...%26gt;%26gt;%26gt;credit reports%26gt;%26gt; goto the buttom%26gt;%26gt;%26gt;free credit score...

... way to decide whether to loan us money. They came up with the credit score. The concept of the credit score was originally developed by the company, Fair Issac. The company assigned everyone a number between 300 and 800 that would tell creditors how likely you would be to pay back money. A score above ...

http://www.eloan.com/s/show/checkcredit?...

Free credit score?

que?

Free credit score?

no thanks.

Free credit score?

Are you looking to look at your credit history? You might want to contact your bank. They usually can help you get one for free or for a discount.

Free credit score?

Go to http://www.freecreditreport.com

They will give you a credit report and your credit score for free. However, you%26#039;ll have to enroll in a credit watch service to get it. Just be sure to disenroll before the 30-day free trial period ends, or you%26#039;ll get charged.

Free credit score?

A free credit score or FICO score are not available unless you enroll for a trial subscription. However, you are allowed free credit reports annually at https://www.annualcreditreport.com/cra/i... One credit report for every 12 months from each of the consumer credit reporting companies: Equifax, Experian and TransUnion.

If you are interested in purchasing your FICO score, I recommend the Suze Orman FICO Kit... It worked well for me.

My credit score is 578 i am working on getting up. my income3360. per month?

is that high enough to get an apartment? what are the guidelines landlords use

My credit score is 578 i am working on getting up. my income3360. per month?

Depending on what other bills you might have, I would consider buying a house instead of renting. Even with a 578 mid score on your credit, you could qualify for 100% financing.

My credit score is 578 i am working on getting up. my income3360. per month?

578 is terrible. Pay all of your bills on time and take care of outstanding debts.

My credit score is 578 i am working on getting up. my income3360. per month?

Mine is 700 and i only make 1500 a month, you credit sucks

My credit score is 578 i am working on getting up. my income3360. per month?

to rent sure in most cases. To purchase -- yes but you need at least 10% down.

My credit score is 578 i am working on getting up. my income3360. per month?

There is some useful advice here.

My credit score is 667. Is that good or bad? If bad, what can i do to fix it?

667 is ok at best. You really want 700+

It doesn%26#039;t take long for short term changes like account balances, payments, and available credit to show up on your credit report and effect your score -- likely these are the things to have impact over the short term, and you have a better change of fixing your score if you try to address one of those issues, which you can do easily in a matter of weeks.

When you%26#039;re trying to build a solid credit score it%26#039;s important to get a comprehensive view of what is actually effecting it...

Your Credit Score (also known as your MyFico score) is calculated with the following breakdown:

* 35% -%26gt; History of Payments

* 30% -%26gt; Debt to Credit Ratio (available credit)

* 15% -%26gt; Credit History (length of open accounts)

* 10% -%26gt; New Credit (are you expanding your credit)

* 10% -%26gt; Credit Types in Use (varied credit types from loans to credit cards)

If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score.

Here are my 10 steps you can use to build your credit score quickly. I raised mine to well over 700 points fro 500 using these steps in less than a year:

1. Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score monitoring listed below. It really helped my get my score up.)

2. Never Miss a Payment, Starting Today

3. Never use more than 20% of your Available Credit

4. Keep Credit Cards that Have No Annual Fees Open For as Long as Possible

5. Extend Your Credit Limit on Cards You Already Have before You Get New Ones

6. Get Credit Cards that Have CashBack Rewards to Contribute to your Balance

7. Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-

8. If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan

9. Take out a Small Personal Loan and Repay it Over a Year

10. Ask Someone With Good Credit if They will Account Shadow you

You can read more about these tips on my blog: How Can I Increase My Credit Score

* http://millionster.com/articles/debt/inc...

Best of luck to you!

My credit score is 667. Is that good or bad? If bad, what can i do to fix it?

Only have one credit card. The more credit cards you have open, the lower your score will be. Also, do as FEW credit checks as possible...this also lowers your score. In order to increase your score, simply pay all your bills on time...it takes a few years to get it high.

My credit score is 667. Is that good or bad? If bad, what can i do to fix it?

It%26#039;s not too bad actually. Do you know what is on your credit report? That would be a start on what to fix. Anything that says over 30 days, collections, etc is what you need to fix. Good luck!!

My credit score is in the 500's.How fast can I get this to the 600's How many points does

off overdue late accounts if something says charge off what do I do? How long do these things stay on my report?

My credit score is in the 500%26#039;s.How fast can I get this to the 600%26#039;s How many points does it go up for paying

If you have overdue late accounts the best thing to do is get current and stay current. Payment history accounts for about 30% of the score so getting current will help you the most. However, it still won%26#039;t jump overnight. Depending a lot of other factors and how far down you are in the 500%26#039;s and how high in the 600%26#039;s you want to go it could take 6 months or it could take 2 years. But if you don%26#039;t get current you can pretty much guarantee you will be in the 500%26#039;s until you do.

If something was charged off that means the creditor sold it to a 3rd party(Collection Agency). You need to find out where the debt is now and make arangements on how to pay it off. You might be able to negociate for them to remove the negative information as you pay it. This does not work all the time but sometimes they will do this. If they will not then any negative information will remain on your report for 7 years, but as time goes on it has less and less effect on your score.

My credit score is in the 500%26#039;s.How fast can I get this to the 600%26#039;s How many points does it go up for paying

There isn%26#039;t necessarily a certain point value to paying off an overdue account or charged off accounts. It will definetely work in your favor. It%26#039;s all a big equation.

35% of a credit score is based on your payment history. They look to see how many accounts are in a current standing, how many are past due, how long have they been past due, how long has it been since you%26#039;ve had a past due payment, etc.

Typically negative information such as a charge off will stay on your credit report for 7 years. It is better to still pay it tho! A creditor can seek to garnish you if it is not paid.

My biggest concern is what is the driving force to achieve 600? Are you planning to finance something? I%26#039;d be more concerned you%26#039;ve evaluated how what ever you want to finance fits into your budget, and the lenders who prey on those with a low credit score.

My credit score is 598 how bad is that? really!?

Here is a breakdown by percentage.

Credit score Percentage

499 and below 2 percent

500-549 5 percent

550-599 8 percent

600-649 12 percent

650-699 15 percent

700-749 18 percent

750-799 27 percent

800 and above 13 percent

You are therefore in the bottom 15 percent.

My credit score is 598 how bad is that? really!?

It%26#039;s not very good at all.

What is considered a GOOD credit score?

The range of FICO credit scores is from about 300 to 850. They exhibit a left-skewed distribution, with a median around 725. A score above 720 is considered to be %26quot;good credit.%26quot;

For other credit reporting agencies the range is as follows:

A score of 650, or above, is a sign of very good credit. It is a very good credit score. People, with scores of 650 or higher, have a good chance of obtaining quality loans, at the best interest rates.

Scores of 620 to 650 indicate good credit. However, it also points to potential trouble areas creditors want to examine and review. In these cases, a lender may require additional documentation, before approving a loan.

Scores below 620 do not prevent obtaining a loan. However, the process is lengthier, and more involved. Creditors consider scores, under this threshold, as an indicator of greater credit risk.

A score below 600 is considered to be poor.

My credit score is 598 how bad is that? really!?

598 is considered %26quot;poor%26quot; credit. Means, if you can get credit at all, you will pay a premium interest rate.

My credit score is 598 how bad is that? really!?

Not good. 600 and above is better but you want to be in the 700%26#039;s to have a good credit score.

My credit score is 598 how bad is that? really!?

its bad but not that bad. it depends on what is on your credit. i have an average credit rating of 590 and i got financing on a 2007 car. but i also have a sky high interest rate. if you dont have any bad debt, i suggest getting a small $300 credit card or finance a cheap car but make sure you make the payments. with a credit score like yours, you can get things done, but you will pay high interest costs.

My credit score is 598 how bad is that? really!?

While you have heard that this is not a good credit score... which is true. If you are improving it, keep working at it and you will be able to get it up in the 700%26#039;s.

Are you working towards that?

My credit score is 598 how bad is that? really!?

There is no standard model on what is considered to be a good or bad FICO score. This question really depends on your lender and how they rate individual scores. However, we can make some generalizations about FICO scores that range up to 850 and what score may be considered to be good, fair and bad.

600 and below - This range is considered a high credit risk. While you can still obtain loans and credit cards in this range, they will most likely be secured credit cards and loans at the highest interest rate.

My credit score is 598 how bad is that? really!?

%26quot;Generally speaking 760+ you are considered what credit card companies call 閳ユ藩uper Prime閳?and the least risk customers. 660 and below is 閳ユ藩ub Prime閳?and yield the highest risk. Anywhere in between can be 閳ユ窡ow Prime閳?and 閳ユ阀rime閳? Where you fall within this ranking system usually dictates how favorable your application for credit is viewed.%26quot;

So, essentially 598 is borderline terrible. Many factors determine your credit score:

%26quot;Unfortunately, the Byzantine algorithm created to calculate this all powerful FICO score is a closely guarded secret. However, there are some general guidelines that indicate the factors that drive your score.

35% - Your history of payments on debt and credit.

30% - Your debt load or debt-to-credit ratio.

15% - Your credit history.

20% - Determined based on type of cards, number of applications for credit, and your consistent (or changing) behavior.%26quot;

My credit score is 598 how bad is that? really!?

Well, it is not good.

The Average in the US is 680 so you fall well below that.

With that score you are considered %26quot;High Risk%26quot; and will usually not qualify for any type of credit or a loan.

My credit score is 598 how bad is that? really!?

To find out specifically what you must do to raise your score, you can order your score report from all three national credit bureaus. In addition to your score%26lt;!--you%26#039;ll get your credit report, an indication of how your score ranks nationally and an explanation of how you can boost your standing.

http://badcredits.awardspace.com/credits...

In order to improve your credit score, it%26#039;s important to know where you stand currently. Despite all the media attention given to free credit reports--%26gt;you still have to pay to find out your credit score, the three-digit number ranging from 300 to 850 that is the key to your borrowing costs.

My credit score is 553 what does that mean?

I have worked for a collection department and that score is not bad but its not good either. But you are half way to good credit so just work on it.

My credit score is 553 what does that mean?

that means you have pretty bad credit...start working on it and re-check your score in a few months

My credit score is 553 what does that mean?

it doesn%26#039;t mean a thing.

My credit score is 553 what does that mean?

it means that it is not bad, but it could be better.

My credit score is 553 what does that mean?

It means you haven%26#039;t been too mindful of your payment obligations. You better get used to paying for things in cash for some time to come.

My credit score is 553 what does that mean?

850 is the highest credite score and who knows what the lowest is. It means you can only expect to borrow a limited amout of money such as a car would be but not a house loan. To get your score up you need to pay something into the credit system like pay an outstanding debt or even a payment or three. To really get your credit score up try borrowing say 200 dollars and pay it back with just your standard payment and your scroe will increase each time you make a payment. Your score is not good,but not totally bad, mine is about the same

My credit score is 553 what does that mean?

It%26#039;s to the low side, which means it will be harder to secure a loan and the rates will not be as good as for a person who is 678 (national average) or higher

My credit score is 553 what does that mean?

It is a low credit rating.

My credit score is 553 what does that mean?

Well it means that you dont have the best credit , but it isn%26#039;t that bad either. Here are the factors that influence your credit report:

35% Payment History

30% Amounts Owed

15% Length of Credit History

10% New Credit

10% Types of Credit Used

they determine your score.

My credit score is a 576 where do I stand?

You are well under the nation average of 675 but I have seen a lot worse.

You can be approved for car loans and credit cards but you will pay higher interest rates. Your score puts you in the Sub-prime category.

My credit score is a 576 where do I stand?

your not that bad ive seen worse. i sell cars and i can get you approved . if u want to raise ur score use credit cards but pay them off with your first bill do that for a few months dont have any dept and you%26#039;ll be ok. plus u shouldnt worry about your score until its time for you to buy something big. and the worse your credit score is the higher the interest you will pay

My credit score is a 576 where do I stand?

I actually work at a credit union and I%26#039;ve done loans before. It depends on why. It%26#039;s either you don%26#039;t have enough credit yet or you messed it up. I believe the average is about 600-650. You would be under the FAIR standing.

My credit score is a 576 where do I stand?

not too good.... try to bring it up to above 650 then 700 should be your goal.

My credit score is a 576 where do I stand?

I agree with Pilot, and I would recommend getting a free copy of your credit report.. If you haven%26#039;t already.. And go through and see if there is anything you can do about the problemsome reports.. usually being dilligent about making payments will improve your score in about 6 months. Also.. Don%26#039;t rush into buying anything if you don%26#039;t have to, and don%26#039;t attempt to open any new credit accounts.. these do count against you. I recently found out that each LATE payment that is sent to a credit bureau is 30 points off of your score.. so keep an eye on that too!

Good Luck!

My credit score is a 576 where do I stand?

725 is the average FICO score.

625 is the average Faco score (non-FICO system used by credit bureaus)

My credit score is a 576 where do I stand?

its poor, u need to be like 650 and up

My credit score is a 576 where do I stand?

The score is poor, you wont be able to get good interest rates for anything and so if you plan on making any purchases or applying for new credit you should try to fix what you can.

You need to have at least a 700 ranking to be good/fair.

When you%26#039;re trying to build a solid credit score it%26#039;s important to get a comprehensive view of what is actually effecting it...

Your Credit Score (also known as your MyFico score) is calculated with the following breakdown:

35% - Payment History

30% - Credit to Debt Ratio

15% - Credit History

10% - New Credit

10% - Credit Types in Use

If you excel in one area and lack in another, only fixing the areas which you lack are going to improve your score

I raised my score to well over 700 points fro 500 using these steps in less than a year -- :

# Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score tracking listed below. It really helped my get my score up.)

# Never Miss a Payment, Starting Today

# Never use more than 20% of your Available Credit

# Keep Credit Cards that Have No Annual Fees Open For as Long as Possible

# Extend Your Credit Limit on Cards You Already Have before You Get New Ones

# Get Credit Cards that Have CashBack Rewards to Contribute to your Balance

# Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-

# If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan

# Take out a Small Personal Loan and Repay it Over a Year

# Ask Someone With Good Credit if They will Account Shadow you

Read more here:

10-Ways to Boost Your MyFico Score

http://millionster.com/articles/debt/inc...

What credit score do you need to finance a boob job?

Why not just get a credit card for it. There are many providers now and should give you the money you need. My profile under credit has more information.

636 credit score can you get a house?

You will have to look into a sub-prime lender that specializes in people that have not so good credit scores. You will have to have a down payment and the interest rate will be high, but it is possible. Go to https://www.longbeachmortgage.com/bfo/lo... and then click on %26quot;Wholesale Core Ratesheet%26quot; this will give you an idea of the terms of the loan that you can get. LBC is a sub-prime lender that was recently aquired by Washington Mutual. You can also go to wamu.com and look up steps to buying a house. They have some good basic info on there, too.

636 credit score can you get a house?

Yes, with a 636 you would have some options on obtaining a mortgage.

assuming you have a job, down payment (some cases you can go 100% financing), ect.. If you have any questions, you can email me.

636 credit score can you get a house?

Yes, but you will not qualify for prime rates (the lowest interest rates).

636 credit score can you get a house?

I did.

636 credit score can you get a house?

That barely qualifies to you to rent an apartment in some areas. I would suggest you stop using your credit cards, pay them down so that your credit cards are at no more than 25% of their credit limit, then check your credit report again.

Some substandard creditors are incredibly diligent about reporting your credit use, especially when it%26#039;s unfavorable, while some mainstream lenders sometimes fail to report information or only do it periodically. Substandard creditors may not be as diligent at reporting good credit information. It is essential you review your credit report for accuracy. If any information in incorrect you have the right to challenge it with the credit bureau. That can considerably improve your score.

636 credit score can you get a house?

Hey, the basher has a low credit score and bad hair.

What credit score is required to get a Discover card?

It definitely depends on the card you are applying for. Off the top of my head, I would say that any score over 650 would land you the card.

My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?

When you%26#039;re trying to build a solid credit score it%26#039;s important to get a comprehensive view of what is actually effecting it...

Your Credit Score (also known as your MyFico score) is calculated with the following breakdown:

35% - Payment History

30% - Credit to Debt Ratio

15% - Credit History

10% - New Credit

10% - Credit Types in Use

I raised mine to well over 700 points from 500 using these steps in less than a year -- :

# Know and Track Your Credit Score (be sure to sign up for the free trial of your credit score tracking listed below. It really helped my get my score up.)

# Never Miss a Payment, Starting Today

# Never use more than 20% of your Available Credit

# Keep Credit Cards that Have No Annual Fees Open For as Long as Possible

# Extend Your Credit Limit on Cards You Already Have before You Get New Ones

# Get Credit Cards that Have CashBack Rewards to Contribute to your Balance

# Transfer Your Balance to a Credit Card with a Lower Interest Rate and a Higher Available Credit-

# If You Think You Are Going to be FORCED to Pay a Bill Late Ask for an Extension or Payment Plan

# Take out a Small Personal Loan and Repay it Over a Year

# Ask Someone With Good Credit if They will Account Shadow you

Read more here from my blog :

10-Ways to Boost Your MyFico Score

http://millionster.com/articles/debt/inc...

My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?

girl i cant help you there but if you find a way, please let me know! :)

you could try getting a secured credit card, making payments on time to raise your score. apply for a credit card, use it once to make a small purchase, then cut it up and throw it out, but dont close the account. it will show as active and current and help your score. just dont have too many revolving lines of credit.

My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?

pay your bills!!!!!

My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?

There is NO WAY you are going to be able to raise your score 115 points in three months. Three years, possible.

My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?

I doubt it will happen in three months, but I can give you the best ways to get that score up.

If you have a friend or family member with good credit and a credit card, ask them to add you on as an authorized user. You don %26#039;t need to use the card, ever, or even have a card, but what happens is thier info gets reported onto your history. This really works and really helps.

Ask for utility companies to report your history, then pay on time.

Get a secured Visa and use it.

If you are planning on making a purtchase, use someplace that will rent-to-own. Very important, but you need to pay it fast so you don%26#039;t end up paying outrageous charges. That will add to your good credit.

You can dispute all of your bad credit. Sometimes it will get removed, sometimes it won%26#039;t, but if one person doesn%26#039;t verify the debt, it has to be removed.

Patience and persistance. Monitor your credit continously and start paying your bills on time, every time. At the very least, bad debt gets removed in 7 years, expect in the case of bankruptcy or judgements.

My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?

Three months is a little too short...but you%26#039;re on the right track! Learning how to clean and repair your credit by yourself. There is a site that can help you www.thecreditrepairmanual.com

My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?

It depends on why the score is so low in the first place. If there is a bankruptcy or lots of accounts in collections it will be very tough for you to raise it that quickly. I like what someone else suggested...getting someone (or two or three people) with good credit to add you as an authorized user. That could really help.

My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?

It depends on why it is bad. If there are errors that can be corrected, it is possible.

Going the %26quot;authorized user%26quot; route is fraud if it is done for loan purposes, and many lenders no longer allow it. It is easy for them to deduct for the points that you get.

You need professional help which will cost you money.

If your score is low because you didn%26#039;t pay bills on time recently and don%26#039;t have much positive open credit, it isn%26#039;t going to happen in 3 months.

Contact a %26quot;credit repair%26quot; company and be careful. Many are scams, a few are legit with legal methods to get SOME negative credit removed. It is crucial to know WHY your score is so low.

If you have mortgage lates within the last 12 months, those can be the kiss of death if you want a home loan.

My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?

no...100+ points will take about a year or so...not 3 months

My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?

Kudos and thank you to Amanda and the other helpful respondants.

Whatever is happening in 3 months is not the end of the journey. Even if you don%26#039;t increase your score 100 points in that time, you will have made progress.

My credit score is 505. Is there a legal way for me to raise it to 620 in the next three months?

Make sure you pay your bills on time each month.

If you have credit card debt do the following:

1. If you get credit card offers in the mail, collect a few. Then call your credit card companies and ask them to lower the rate. Tell them you%26#039;ll take your business elsewhere. Talk to a supervisor if you need to. This will help you pay the cards off quicker.

Don%26#039;t use the offers though. This is %26quot;new%26quot; credit and could temporarily hurt your score.

2. Make sure your credit card debt is below 50% of your credit limit for each card, because that hurts your credit score. If that means paying more on one card than the other to get the balance down, then do it.

If you have any overdue medical bills, make sure to talk to the doctor/hospital and work with them. Make sure you understand what you owe also. Many times the bills may be overpriced or miscoded and you don%26#039;t truly owe as much as you thought.

I can%26#039;t speak to your timing of 3 months, but these are steps to get you in the right direction.

If you are trying to raise your score to make a big purchase, you may want to rethink your decision as well. I think that it would be better to spend time working on paying debt down, saving money and making better financial decisions. Once you%26#039;ve done that you will be ready mentally and %26quot;technically%26quot; with your score.

Best wishes:)

4xrules

636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?

i am very new to this it would be my first home could you also tell me what documentation i would need thanks

636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?

Don%26#039;t use that link. I am sick of people sending their scam and pyramid scheme links.

Yes, you should be able to get a loan. I am not sure about a no-doc. Go to reputable loan sites like LendingTree.com or even banks like Wachovia.com or BankofAmerica.com

Your credit is considered %26quot;fair%26quot; and probably just on the edge of being ok for most loans.

You will not get a loan without a social security number,and if you did it wouldn%26#039;t do you any good on your credit. Be VERY careful.

636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?

Hi friend getting home loan is very easy now a days with bad credit.. Approach any bank or private money lenders.In mean while just take a look at the link below to get free loan quote,

636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?

First off, this is a really awful market to try to get home loans due to the sub-prime lending shakedown, so probably not, and I%26#039;ll tell you why -

Your credit is decent, but it%26#039;s not great - lenders are going to want more from you, and it doesn%26#039;t sound like you have what they%26#039;re going to ask for.

You%26#039;ve only got 10%, and most lenders want 20% right now.

You want to do a no-doc loan, but your score probably isn%26#039;t high enough to do a stated income loan. This also means you%26#039;re probably self-employed at the moment, which will make lenders even more wary.

On the PLUS side, you%26#039;re a first-time home buyer, which means you should be eligible for FHA loans, which are easier to qualify for (as long as Freddie mac is solvent at the moment). Or, if you%26#039;re current or ex-military, you%26#039;ve got the option to take out a VA loan, which would be even more favorable.

Since you have some money to put down, you%26#039;ve got the option of approaching banks about buying a house from them which has been foreclosed on previously, which might be your best bet. Or, and I know this isn%26#039;t easy, set your sights lower on the base price of your first house in order to stretch your down payment.

Or, you can always find a house lease-to-own, but you should work with an attorney to make sure you don%26#039;t get hosed.

Is there anyone who will co-sign with you who has better credit?

It will probably be at least a couple years until it becomes a better market for subprime buyers again. If you can%26#039;t get in now, work on your credit and put some more money away for a down payment.

Best wishes!

636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?

Your credit score is okay to good, not great. You will need to document your current income with monthly pay stubs and with at least one, probably two years of your tax returns.

Because of the current problems in the home mortgage industry, they would prefer at least 20% down payment to get you the best interest rate based on your credit score. You may also have to pay for mortgage insurance which protects the lender if you should default on the loan. That insurance only applies if you put down less than 10%.

If you have a job history shorter than one year, the lender may require a letter from your employer that you are llikely to continue at your current job or will be raised in pay on some regular basis.

The lenders have recently been burned by a lot of home owners defaulting on their loans. This occured mostly because lenders were willing to make loans to people that were purchasing above their means anticipating pay raises several years in the future that didn%26#039;t happen.

Remember to shop around for your home loan. %26quot;Lending Tree.com%26quot; is a pretty good place to start as you get bids from several different lending institution seeking your business.

Good luck.

636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?

My question would be this, Why is your score at 636 and what can be done to raise it? There is many things you can do yourself to get your score up over the next 30-60 at no cost to you. DO NOT follow these scams of people saying you can do private lending, you should be working with a trust worthy person, with so many people putting clients in the wrong loans I would suggest you do the best you can to fix your credit, Maybe if you fix it and get the score UP you can qualify for a 100% financing and keep your 17K for emergencies. I have the letters and can give you some advice, feel free to email me if you choose

636 credit score can i get a no doc home loan for 170000 i can put down 10 percent?

Well, for a 90% no doc loan you%26#039;d need about a 660-680 score right now, minimum. Obviously you%26#039;re not quite high enough, you can always look at a copy of your credit report and see if there are any legitimate disputes you can file to raise your score another 40 points or so.

If you%26#039;re able to do that then you just need a photo i.d for a no doc loan. There are loans out there for people without a social security number (using an Individual Taxpayer Identification Number, or something similar), but those loans don%26#039;t offer no doc options right now.

Typical documentation for full doc loans (best rate/term loans)

2 years w-2%26#039;s or tax returns with all schedules

1 months paystubs or YTD profit and loss for Self Employed.

2 months bank statements

Awards letters for any pension retirement earnings

What credit score is needed to buy a house?

You can buy a house with a credit score of zero. What you must be asking is, what score do you need to get a good loan rate.

I%26#039;d say about 750, and you%26#039;ll have to pay off any car loans or credit card debt too.

What credit score is needed to buy a house?

Higher the better. Talk to loan officer or your bank or credit union.

What credit score is needed to buy a house?

Depends on who you finance through. Even people with bad or no credit can buy a house, through a land contract.

What credit score is needed to buy a house?

although it is true that you can get loan for no credit, it is not a smart move at all. Think 650 as a bare minimum for a reasonable rate for buying a house. Around 680 you can get %26quot;ok%26quot; rate, and above 700, you will be able to get %26quot;good%26quot; to %26quot;great%26quot; rates. Higher the better, but if you don%26#039;t have a good credit rating, expect to get a high rate or wait for another year try to improve your credit score. The latter is a smarter choice usually.

My credit score/ history?

my report only shows one thing, and thats a $154 dollar collection to a phone company... is this why i cant get a sstudent loan? after this is paid can i then apply without a co signer (b.c i dont have one)?

My credit score/ history?

if you dont have a credit history you%26#039;ll need a cosigner for a student loan -- usually your parents

My credit score/ history?

You will need to pay it and then make sure it is reported to the bureau. After it is cleared, you should be able to get a loan, though you may still need to shop around for a lender.

My credit score/ history?

It%26#039;s not as simple as just paying the bill. Normally that would still leave a bad mark on your credit history, because the old collection would remain on your report. However, I have heard that it%26#039;s possible to negotiate with the bill collector and get the item removed in exchange for paying the bill. Make sure you do that before sending them money.

My credit score/ history?

thats highly possible but you should go ahead and pay that balance and have them report that as paid in full and if possible get a receipt and reapply for student loan and show proof that it was paid