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Posted on June 27, 2009 by Jeff Hewitt | Posted under Credit
Know My Credit Score
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What is my credit score? Getting approval for any kind of loan relies on your credit status. If you have average credit record, you may find it just about impossible to get approved. It's possible to get good rating or maybe improve you credit history. Your age is the 1st factor which it's almost impossible to do anything about. Yes it is definitely possible to lie, but do not because it will make things tougher for you in future if the creditor get to know. If you are between 24 to 64 years old you'll get one point. Any age bellow or above that may score you 0 point. If you are married you have chance of adding additional point to your score. If not, you still score zero as most creditors see you as a higher risk. But if you have between one to 3 you may add to your points. Here is how it works - if you have any dependant creditors believe you can skip city and not pay off your credit. They will want to grasp where you live. How long you stay in your present or previous residence also adds more points towards your score. However, if you've stayed up to 5 years before moving, you will certainly get more point. It shows you're a good risk to them. Again, what is my credit score? Other factors that may add to your point are your years on job (the longer the better), kind of job, your monthly revenue, present debt status, previous credit history and your saving or checking account. Again, what is my credit score? What is my credit score? Your credit report is generally rate between 350 and 850. The lower your score the more difficult it is going to be to get loan. Scoring eight hundred or above should be goal of each shopper. Cry is list of short tips on the way to achieve eight hundred credit history or above. Again, what is my credit score? The more card you carry the debt will have to live with. If one card is not enough for you make sure you don't enroll in more that 3 cards. That way you will restrict your purchases when you are outside. Make sure that you make if at all possible before the end of honeymoon period if its an element of the service. Credit reporting agency may score you low as it implies that you can't exist without credit. Again, what is my credit score? Another thing that reporting agency consider in scoring you is balance due on your credit account. If you're the sort of consumer that frequently surpasses their limit you are hazarding your credit report. So make sure you don't surpass 30-35% of your available credit. It isn't making sense financially to always spend all your credit at a time. Again, what is my credit score? Read the rest of the 15 chapters from this free credit strategies report here About The Author: http://www.financialfoc.us - Financial Strategies, debt consolidation, credit repair news and resources. |
Tags: CREDIT SCORE, FICO, CREDIT RATING
