 How does one acheive a credit rating and or remove bad credit? |
| Over the years, I have not had many debts. However it seems that the tiny amount of debt I owe seems to haunt me. I had a 300 dollar limit credit card, lost my job about a week after almost maxing ... |
|
 What is a perfect credit score? |
| And where can I get a free credit report ran? I think last time I got my score, it was an 827. Is it out of 1000?... |
|
 I'm on benefits, how does bankruptcy work for me ? |
| i want to go bankrupt but dont really understand it, could somebody help me ... |
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 Do any credit cards prevent you from paying off your debt in full in one month's payment? |
(a kind of early repayment penalty as with mortgages)
ie. Most have a 'minimum payment', has anyone heard of one which imposes a maximum payment?... |
|
 What is best credit card for college students with no credit history? |
| i'm planning to apply for a credit card but i have been declined from one (american express blue for students) and i'm not sure which one is best for me since i believe some of them require ... |
|
 I bought things online before i was 18, am i obligated to pay? |
hello,
i purchased a bunch of items online through abcdistributing and ltdcommodities when i was 16 or 17, a couple hundred worth, buy now pay later sort of thing, they won't stop calling ... |
|
 Where in the UK do people find loan sharks? |
| I mean really sharky sharks, the dodgy type?... |
|
 Why do i need a social security card? |
| i got a job offer at my school today but she wants me to bring in my social security card . i have a social security number. i went to the social security office did the paper work but have to wait ... |
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 I made an offer on a condo, and my father is co-signing for me because I have very bad credit.? |
Is this possible? Will this work? Or will some of my debt have to be paid off? Anyone know? $15,000 is what he's putting down for me also.
The offer has been accepted by the seller, ... |
|
 Can anyone recomend where to get a loan? |
| My partner andi both work but have a poor credit history does any one know of a reliable place that will help ... |
|
 How can I lower the Finance Charges on my credit card? |
| Visa is charging me 21.49 % for purchases + 24.49% for cash which adds up to finance charge $149.00 a month. How can I reduce my monthly finance charge?... |
|
 Does this make you credit score drop? |
| I got an auto loan. My score dropped by 12 points. I am current on all of my payments and carry a low balance on my credit card. Did my score drop because of the loan?... |
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KB | Is 634 a good credit score?? |
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 |
 
Millionster
 |
Here are the score ranges:
* 760-850 Excelent
* 700-759 Very Good
* 660-699 Good
* 620-659 Marginal
* 580-619 Poor
* 500-579 Very Poor
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 on the article 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
When you're trying to build a solid credit score it'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.
You can read more about these tips on my blog: How Can I Increase My Credit Score
* http://millionster.com/articles/debt/ask-1mil-how-can-i-increase-my-credit-score/ |
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Amanda
|
The bank I worked for you couldn't get anything like credit cards or loans if your fico was under 680. Keep paying your bills on time and you'll be there in no time. |
|
iceman
 |
In general this is how scores are viewed from a lenders point of view.
Below 500- truely awful. Dont even bother applying any type of credit.
500-575. Bad, and you will not get good rates, even if you do happend to get approved.
575-630- not great, below average. You may start to get some ok rates if your income is good enough though.
630-680 Average
680-730. Good, although you wont always get the best rates
730 plus.. excellent and you can almost always get the best rates a bank will offer.
Its on the low end of the average range. Lenders say anything from 630-680 is consdered average. So your score would be neither good, nor bad. What kind of rates you get will depend alot on the individual bank.
634 credit score can still get decent rates if your income is good. My wife and I have scores in the mid 600s and we just got a very good mortgage rate and terms. |
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"U" is for Uranium
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It's OK, not great. 700+ makes life a little easier in certain areas. Get as many small bills and credit cards paid off and cancell what you don't need. You credit score will go up before you know it. |
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Zero1
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If you want to learn a strategy that you can use, repeatedly, to increase your credit get back to me. |
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shamieya
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Its below average. you won't get approved for all credit cards and will have higher interest rates interest rates. |
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twv23512655
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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 to 650 - A good credit score. Sometimes the minimum for good credit is at 620 or above, because this is generally considered the cutoff point for a prime rate loan. |
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shiprepairwoman
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No good scores start at 720 average start about 680 |
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OP-lo
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Good, not great. |
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mchl_trvs
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It is ok, but not great. Learn how you can increase your score by 200 points using simple techniques from http://www.your-credit-solution.com/creditsolutions.htm . |
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