What is your CREDIT SCORE? Is your credit score important to you?

What is your credit score. Be honest! Is your credit standing important to you?!?

What is your CREDIT SCORE? Is your credit score important to you?

both my wife and i maintain 825+ on all three bureaus, your credit score is very important, and the benefits we get are fantastic, we have a fixed rate mortgage at 4.99%, have bought 2 new cars in the last 5 years one is at 1.9% and the other is .9%, walked out of the dealership with car in hand and didn%26#039;t give them a dime on a weekend, bank sent them a check the following monday, both cars are now paid for in less time than the loan allowed,. we are constantly getting all kind of offers from the credit card companies, like 5% on all gas refunds just got 250.00 check from chase, wife loves the rebates with citi card and uses her rebates for gift cards for christmas, she got over 1,000 in gift cards this year for free. we never exceed our budget and pay off all cards as they come in each month no matter what the balance, and there have been months where we ran up a 4,000 balance. it goes on the card for the points but we could have paid cash. we have never paid a finance charge or a late fee, no we are not rich, just middle class, but learned how to play the credit game years ago, have just flipped a house, nothing out of pocket, financed all repairs on the house on credit cards, and a home equity loan, sold it in 30 days and paid everyone off immediately, made enough so i dont have to work this next year, so YES ITS IMPORTANT AND PLAYING THE GAME PROPERLY CAN MAKE YOU MONEY.

What is your CREDIT SCORE? Is your credit score important to you?

Your credit score is a mathmatical formula that is used to predict your ability and willingness to repay debt. It is only important if you want to borrow or buy on credit. Since I don%26#039;t want to do that it is of no importance. It can change daily.

What is your CREDIT SCORE? Is your credit score important to you?

My credit score is very important to me. but i must say it didn%26#039;t become important until i got into my 20s. When i graduated from high school and ready to enter college i was getting all kind of offers from creditors and like a immature child i applied and was granted a card. However, not thinking that when i went off to school i was going to need a job to pay my bills. I didn%26#039;t work my first two years in college and accrue a debt of 10,000 in credit cards and now I%26#039;m still paying them off plus i have 25,000 in loans so I have stressed out about my debt for the past 2 years..... I had friends that also had credit cards but they had parents to help them. I didn%26#039;t.... so I hate i signed up for any card until i graduate from college. Don%26#039;t make the same mistake i did. O yeah my score is below 610. I bought a brand new car in 2005 and I had to have a cosigner. My car is a 2005 and I have never been late. This is my only big payment and if i try to get anthing they want let me because while i was in college my debt went unpaid. i heard it will take 3 to 7 years to get it strait. I%26quot;m so saddened.

What is your CREDIT SCORE? Is your credit score important to you?

if you want to buy a car or home someday that credit score will help you.

What is your CREDIT SCORE? Is your credit score important to you?

Yes. It should be important to you too. You can%26#039;t get credit if your score is bad. Mine is 803. I have no problem at any store. Also if someone tries to open accounts in my name the Credit Bureau calls me first to see if I%26#039;ll ok it.

What is your CREDIT SCORE? Is your credit score important to you?

my credit score right now is 614...its important to me because i now know that without a good credit history, i will have a hard time acquiring things i want, such as a home. im 29, but when i was a teenager, i was like who cares about a credit score, when you can pay cash, well, if you dont have the cash, then what...especially if you want a car or something like that. im not the type of person who has 10k on hand.

What is your CREDIT SCORE? Is your credit score important to you?

I have absolutely no idea of what my credit score is right now. Doesn%26#039;t really make any difference to me. My credit record is much more important. I have a long, long, long history of on time payment and very little outstanding debt.

Never had any problem getting a car loan or a mortgage.

What is your CREDIT SCORE? Is your credit score important to you?

My score is 750 or 719, depending on which credit agency you look at. Is it important? It%26#039;s like life. If you credit score is healthy, then you don%26#039;t think much about it, like your health. You kind of take it for granted. If your credit score is not healthy, then you are a bit compulsive about it.

I love my credit score because next month will make it 9 years since I declared a chapter 7.

I love my score. Does that answer your question?

What is your CREDIT SCORE? Is your credit score important to you?

my credit score is 680, my credit is very important to me for the same reason that you said.

Is your credit score lowered when you cancel a credit card?

My daughter is in college and opened a low interest Citibank VISA for college students not realizing that the interest rate went up very high after 6 months. We are making more than minimum payments however I was wondering if we closed the account and contine to make the payments would this damage or lower her credit rating or credit score without the account being paid off prior to closing it?

Is your credit score lowered when you cancel a credit card?

Far worse that a credit score ding would be if the Citibank VISA requires FULL payment at the time of closing the credit card account. If you close the account, and then they require full payment which you may be unable to make, then this route would be even less desirable.

Beyond that, closing a credit card account rarely improves a credit score. In fact, depending on the age of the account and the available credit on the card, it may have a negative impact on the credit score. That%26#039;s because %26quot;length of credit history%26quot; and %26quot;debt-to-available-credit ratio%26quot; are two of the leading five factors used to calculate credit scores.

If you close an active credit card account (one with a balance), you may cause these two factors to work against the credit score because you will end the %26quot;history%26quot; of that account and you will cause the %26quot;debt-to-available-credit ratio%26quot; to grow (if this is her only card, you may cause the ratio to flip far upside down because she will owe more than the amount of available credit... because you closed the available credit by closing the account... so, if she owes $500 on a $1000 credit limit, her ratio is 50%, but once you close the account, she will owe $500 on a $0 credit limit and her ratio will go through the roof... the lower the ratio, the better -- best to keep debt well below 50% of available credit).

I would call Citibank VISA and ask for a lower APR after your 6-month introductory period expires. Don%26#039;t expect anything on the first, second or third call. It takes persistence, but it is possible. Please see the following %26quot;Deflate Your Rate%26quot; report and see how others did this.

http://truthaboutcredit.org/truth.asp?id...

Is your credit score lowered when you cancel a credit card?

No it won%26#039;t damage her credit as long as the balance is paid. However I would just keep it open and pay off the balance this will improve her credit rating - take the card away from her if need be. But the best thing to do is keep the account open and pay it off. You can find credit cards were the interest rate does not go up and you may be able to perform a balance transfer from your old card at a lower rate here :

http://www.dgftaworld.net/credit/America...

Is your credit score lowered when you cancel a credit card?

generally yes. credit agencies look for long histories. also if you reduce the available credit for your daughter and increase her debt to credit ratio that would also decrease her score. so it depends, but generally yes it is not a good idea to close accounts until you have established a long history with it and it doesn%26#039;t affect the debt to credit ratio.

Is your credit score lowered when you cancel a credit card?

yes, pay it off if you don%26#039;t want it any longer or don%26#039;t use them period. there are ways of gaining credit without using credit card to get you further in debt

Is your credit score lowered when you cancel a credit card?

not at all, if she ever applies for a laon for a house or something she is better off closing all credit card accts. it is counted as money against you, like if you have a $3000 credit limit they count it as that amount even if you have nothing charged on it, because it is available. So credit cards can work against you.

Is your credit score lowered when you cancel a credit card?

Yes this will lower her credit rating. Simply put, part of the credit score calculation is %26quot;how much of your available credit are you using.%26quot; If she closes the account, then her available credit will be zero, but she will still owe a balance.

Also, if she pays the card off and keeps the account open, it looks very favorable from a credit building standpoint. In fact, she could graduate from college with close to a 700 credit score, which would put her in good position to get a low rate on her first car purchase after college.

If you are worried about her abusing the account, then simply keep the card in a safe place. Hope this helps!

Is your credit score lowered when you cancel a credit card?

It shouldn%26#039;t, in fact if you pay off the entire balance, it should raise your credit score.

paying off the the entire card will always open the flood gates to other credit card offers, use caution and always ask questions before signing up for a new card.

Hope that helps.

Is your credit score lowered when you cancel a credit card?

If pay it off it will not be negeative credit but it may reflect slow payments. Check with the conmpany some are able to lock the cards status to give you time to catch up on the payments before you decide to cancel it.

Is your credit score lowered when you cancel a credit card?

There are many factors that have to be examined before automatically closing any account. One of the items that make up your credit score, is length of credit history. If this is her oldest trade-line, then it can very well affect her score negatively. The other thing that she has to consider is how much available credit she has open versus how much she utilizing. If her used credit goes over 50% of total available credit, that can hurt her score.

Here is an article directly from Experian regarding this issue:

http://www.experian.com/ask_max/max06150...

Here is another article regarding simple things you can do to improve your score:

http://www.brightscore.com/Education/imp...

Is your credit score lowered when you cancel a credit card?

When you cancel a credit card or close the account, it WILL lower your score.

A large portion of your credit score relates to the debt/credit ratio you have, plus credit history. By removing a credit card you lose a portion of your history, and potential creditors are unable to judge what type of a payment history you have.

My suggestion is call Citybank and demand that they lower the interest rate. Remind them that there are hundreds of other credit card companies out there after your business who are offering much less rates. If they won%26#039;t lower your rate, then keep the card, but stop using it! Pay off the debt and cut up the card.

But don%26#039;t cancel the account! Keep it open so you will protect your credit history.

Is your credit score lowered when you cancel a credit card?

No effect. ON you credit report it would just say closed by consumer. That%26#039;s not a bad thing, and make no effect on the over all credit or the credit score. Former employee of the consumer credit industry.

Raising your credit score?

this may be a dumb question but how can I raise my credit score higher? I don%26#039;t have any credit cards or a job or anything like that, so, what could I do? I%26#039;m just wondering because I want my credit to be good when I go to get a car sooner or later.

Raising your credit score?

You do need to get credit cards. The best way is to get a card or two, and charge a low charge every month, and then make sure you pay it off on time every month.

Credit scores are based on three things primarily:

1. Ratio of credit balances to available credit. You want to keep your credit balances under 30% of your available credit from all your cards.

2. Payment history. You want all the payments to show you pay them on time. Late payments or non-payments reduce your credit score.

3. Length of credit. It helps when you%26#039;ve had credit for years vs months.

One last thing to know. Every time you apply for credit, your report takes a ding. So keep your applications to only 2 or 3 a year, including credit cards, car loans, mortgages, etc.

So simply put, get a credit card, make one charge every month, for a small amount, and pay it on time every month. In no time at all you%26#039;ll have a good credit history.

Raising your credit score?

apply for a credit card. and make timely payments

Raising your credit score?

Open a secured credit account. Take at least $500 (but preferable $1000 or more, as other potential lenders take larger accounts more seriously as an indicator of fiscal responsibility), and shop banks for secured credit cards. They will take your money, open a savings account in that amount in your name, and hold that money as security for a credit card of the same (or in some cases, slightly higher) amount. Then use the card sparingly and always pay it off every month. After a certain amount of time using that responsibly (depending on the issuer), they will release your deposit and give it back to you, making the credit card unsecured.

You can also do the same with a loan. Take $1000 or more to a bank, ask for a loan secured by the money. They will deposit your money into a savings account to secure the loan, then give you a loan for money in the same amount. Take THAT money, put it in ANOTHER savings account, and set up an automatic payment schedule which will take the payments from that money. Don%26#039;t touch that account. At the end of the loan, you will get your security back, plus interest, and a much, much better credit rating to boot.

Raising your credit score?

First get a job.

Then take something out on credit, like a credit card or a bedroom set or something. Be sure to make all payments. If it is a credit card, don%26#039;t pay it off the same month so you won%26#039;t get charged interest. Do it in two months. This way they give you more credit. If it is an expensive item, try to pay it off before you are supposed to. Don%26#039;t take out too many things on credit. You will get overwhelmed, plus everytime someone checks your credit, your number goes down a point.

My credit score is only 580,yet I just got a simple interest loan of 21,000 for 12 percent. Why?

For a guy who is used to 22 percent financing, I was pretty amazed at my latest deal...I%26#039;m just not sure how they managed to give it to me. The loan is also a simple interest loan which I have been told looks good to potential creditors. I have been aggressively pursuing the clean up of my credit but didn%26#039;t expect this at such a low score. The finance officer also said that most creditors would like to see a score over 640 or so. Anyone else have this experience?

My credit score is only 580,yet I just got a simple interest loan of 21,000 for 12 percent. Why?

not that i need any money was this a local bank -- i am glad you got such a great deal -- good luck in the future.

My credit score is only 580,yet I just got a simple interest loan of 21,000 for 12 percent. Why?

go buy lots of stuff and then get another loan too ,,yeh yeh doit doit

My credit score is only 580,yet I just got a simple interest loan of 21,000 for 12 percent. Why?

where did you get that from?

was it a bank?

my fiance%26#039;s score is 580 too, and he can%26#039;t get anything loaned to him

i%26#039;d say you got a great deal

if you can please tell me how/ where you got this, because we really need something like this to help us

My credit score is only 580,yet I just got a simple interest loan of 21,000 for 12 percent. Why?

pay your bills on time, and consolidation loan work for obtain a best credt score. I found interesting information about your answer %26amp; options here. Goodhttp://all-debt-consolidation-loan.blogs... luck!

My credit score is 718 but I was told I am not eligible for a loan how come?

Hello everybody

My credit score is 718 based on equifax report. I am trying to buy a condo but the loan officer told me you are not eligible for anykind of loan because you have been here in US for only two years.he told that i should have three credit cards in addition to one that I had for two years. In addition I have a record of paying off a car loan which the loan officer said it is not that good because I have one late payment.

is what he said true?

I appreciate your responses beforehand.

My credit score is 718 but I was told I am not eligible for a loan how come?

Talk to other mortgage brokers. If you have any friends who have bought homes, ask who they used. Just because one loan officer at one place wouldn%26#039;t consider you does not mean that you can%26#039;t get a loan. Different lenders have different policies. Good luck!

My credit score is 718 but I was told I am not eligible for a loan how come?

Read some credit loan and finance tips and articles on this site to help you with it

My credit score is 718 but I was told I am not eligible for a loan how come?

not true if you are here legally and have a job then you can get a loan go to a different bank

My credit score is 718 but I was told I am not eligible for a loan how come?

There needs to be an established history of debt and debt payment as well as a certain ratio between income and loan payment. I know people who have gotten loans with a lesser score but I think they had a good established history over years.

My credit score is 718 but I was told I am not eligible for a loan how come?

Go to another bank. He sounds like a moron and is probably racist.

My credit score is 718 but I was told I am not eligible for a loan how come?

I would follow his advice. Unfortunately, all banks have critera that all applicants must meet. They are similar around the board. But, you might be able to check around to other banks to see. I would get you a couple more credit cards. Keep balances very low and pay off every month. Save up your money for a large down payment. Most banks will take a chance on you if you are putting a large payment down first. Keep paying all your bills on time and in full. It may take you a little longer but just make the best of it.

My credit score is 718 but I was told I am not eligible for a loan how come?

There is no law that says a bank must loan you money regardless of your score. If they want to they will, or not.

I own my home free and clear have a score over 800 and I can not get a home equity loan to start a business because I would be leaving my long term employment. Too risky,

My credit score is 718 but I was told I am not eligible for a loan how come?

The first thing, even though you have your score from Equifax, it still is not a true score. You should check myFico for your true scores.

A late payment does more harm to a persons scores than they realize. But, if you had a well rounded out credit file with a lot of good history - that single late wouldn%26#039;t hurt you as bad as it is now.

I wouldn%26#039;t dispute the late with the bureaus for the simple reason that if the account is paid and closed, you run the risk of losing the whole tradeline, which would drive your scores down. It would be a pretty major hit to your scores since you have such a thin file.

If you were only late once, and it was fairly recent, you might send a letter to the loan company and explain your circumstances why you were late (not that you didn%26#039;t have the money, or forgot, they won%26#039;t go for that) and request that they remove the late payment from your reports. Even though the account is closed, that is pretty much the safest way to go so you don%26#039;t lose the tradeline.

It sounds like you don%26#039;t have much history on your reports. That does make it hard to be approved for a major loan like a mortgage. If you know someone that will add you as an authorized user to their card(s), that will aid you as long as the card(s) have an excellent long history, no lates and is low with utilization.

If you are added as an AU, you should automatically receive the full history of the account. When you are added, request that the card(s) report on your reports. Your scores will not drop with the new tradelines since you won%26#039;t have inquirys and the accounts are older established accounts. (they should start to report by the next billing period)

That should help you get not only the extra tradelines, but the history as well. Without the hits that you would take by applying and having new cards reporting.

If you don%26#039;t know anyone that will add you, you will probably have to open several more credit cards. But doing that, you still won%26#039;t have the history and your reports will take a hit for the inquirys and the new tradelines. Opening new accounts should be done at least 6 months before you try to apply for major credit like a mortgage.

You might open an account with a credit union and then check with them about a mortgage. Since they are member based, they are just a bit more lenient than a regular mortgage company or bank.

My credit score is 718 but I was told I am not eligible for a loan how come?

Possibly your salary is not high enough to qualify for the mortgage, or your income to debt ratio is too high.

If those things are not the problem, I would use another mortgage company. Check with friends and family to find the best company to work with.

My credit score is 718 but I was told I am not eligible for a loan how come?

Could your citizenship be the issue? Having a high credit score and stable job won%26#039;t replace a visa status. If you possess a passport from a country without extradition, a loan company may worry about you skipping out on the loan.

I think the multiple credit card part may not be accurate. Be very careful going into more debt to obtain a loan.

Speak to another loan officer, preferably one with an international company (ABN, Bank of America,etc..)

My credit score is 718 but I was told I am not eligible for a loan how come?

You have a loan officer that does not know his game. I am a broker of loans for over 12 years, finding money is not the issue getting it on the terms you want may be the issue. Your debt vs your income is a factor, time on the job, how much money you make, there are many factors. Check with a local broker not a bank!

My credit score is 718 but I was told I am not eligible for a loan how come?

for mortgage purpose, lender will look 2 years of your employment history and your credit. in general to apply for mortgage you need 4 credit lines like credit cards, car loans e.t.c

that are 24 months old. your credit score is very good, but your loan officer was probably right about your credit age.

the only way to get the loan for you is to go with the program , that

will approve alternative credit like your car insurance payment, phone bill, gas, electric, cable bill e.t.c. if you qualify by your income for the mortgage you apply. if you need more help , contact me and i will try to help you.

What is the best credit score?

This is my first time to get a credit card, i have a equifax 730,transunion 729 ,experian 725 credit score and my credit line is only $1000 from bank of america,should i pay everything w/ my credit card? and paying them on time to get a credit increase? cause i keep applying for credit increase and they dont let me.

What is the best credit score?

The highest FICO score is 850.

(Lowest is 300)

What is the best credit score?

680 is the credit score you get if you never borrowed anything and have never used credit if any kind.

This is by far the best credit score anyone can have.

If you do what you propose, your score will go down.

Things are measured by a ratio to your income. If you spend all your money through revolving credit and your debt is always as much as your income you will go below 650 and fast. Any thing that looks weird or out of line with your income will raise red flags and bring you down.

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850 is a score that no banks are currently lending to. Unfortunately it is too far from the mean to be remotely normal. If your income it less than $300,000 per year and you score goes that high a red flag is raised. You do not get financed.

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Your credit limit is based on your income and ability to pay

All the things you are doing to increase your credit score decrease you ability to pay score (income - monthly obligations) You are screwing your self.

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mister_galager - paying your credit charges off the same month is not considered credit and will not raise you credit score at all. If you are spending more than 75% of your income through credit instruments (Credit Cards and the like) you are considered maxed out and you limit will not be raised.

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DJB - Getting another Credit Card is foolish and will errode you ability to get credit in the future.

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Etta P - put it very well. I would add that paterns of activity that look like deliberate attempts to manipulate credit scores are also considered.

.

What is the best credit score?

Those are good credit scores.

Are you paying the bill in full, or are you only making minimum payments with a balance close to the limit? This is most likely the scenario and is why they will not raise the limit.

Usually if you pay the bill in full every month, they will eventually automatically raise the limit.

What is the best credit score?

Your credit score is top of the line. I would seek another credit card.

What is the best credit score?

850.

You should use credit only when needed and pay it off each month. Not sure if that will get you the best FICO score, but who cares? Your finances is not all about your FICO score.

www.myfico.com

What is the best credit score?

King Kirby Kirt L

your score is so great so far , i guess if you worked hard

keeping this as it is and pauing at time by time lets say 6

month they will finally accept your request and increase it ,

other wise apply for a new credit card , i know a blog

discussing this point by details its called only best deals sorry

i cant post the blog url here so open google and type : only

best deals soon you will find it in the first line called only best

deals

but please note if you didnt find exactly what you looking for

simply use the top search box which must lead you directly to

the discussion . good luck and keep the good work on .

What is the best credit score?

How long have you had this credit card? You have to establish a consistent on time history for them to increase your limit. Just use the card and pay it in full and on time every month and they will up the limit in about a year.

What is the best credit score?

Creditor don%26#039;t base an entire decision on credit based solely on score. Debt to income, length of credit history, and utilization of current credit, including balance to high credit ratios. Today%26#039;s credit crunch is tightening the guidelines on unsecured credit.

What is the best credit score?

850 for now startin the first of the year it will be 900. 680 is all you need and financial institutions say that a 700 is perfect. You should hoave no problems gettnig the finance you need. If there are anymore questions please let me know.

Paid all Debt, but Credit score still poor after 90 Days?

My boyfriend paid off all of the debt that was left from his marriage including a eviction from their appartment. Along with the eviction was a judgement (also paid in full). He had a credit card debt and a bad phone bill (paid in full). He paid all his debts in full for the orginal amount except for the apartment, he took a deal. Its been almost 5 months and his credit score is still in the low 500%26#039;s. Everything shows paid on his credit report...and along with that he has two accounts with low balances joint with me that have been current/no lates for over a year. Does anyone know why his credit score isn%26#039;t getting better? What else do we have to do?

Paid all Debt, but Credit score still poor after 90 Days?

He could ask those companies to remove thier stuff off of his credit report. After paying something off, I have had a company do this before. They may or may not do this.

Paid all Debt, but Credit score still poor after 90 Days?

start getting good credit

put something small on layaway or grab a college credit card

and pay all your gas on it

that helped me a lot

Paid all Debt, but Credit score still poor after 90 Days?

Here is a sure way to get rid of a bad rating.

He applies to a bank for a personal loan, say $5,000 and YOU go guarantor for the loan, which will involve interest-only payments until the end of the loan period (say 6 months). He gives the money to you and you invest it at the highest current rate you can find for the term of the loan he got. In the meantime your boyfriend pays the interest on his loan, and you give him the interest you get on your $5,000 investment. When his loan comes due, you terminate your investment and give the $5,000 back to him to pay the bank. This WILL restore his credit rating and all it has cost him is the interest he paid on the loan less interest on the investment plus any fees for terminating your investment. The ONLY word of caution -YOU guarantee the loan so YOU invest the money and don%26#039;t let him get his hands on it. If I could figure out a way to charge for this advice I would. It%26#039;s the best you will ever get.

Paid all Debt, but Credit score still poor after 90 Days?

The best advice is never borrow money. Then it doesn%26#039;t matter if your score is zero. A house is the only reason you should borrow money.

Drive a piece of crap and make payments to yourself, then pay cash for the car you want. It%26#039;s called %26#039;delaying gratification%26#039;, and it%26#039;s something that we%26#039;re not used to in this country anymore.

%26quot;I want what I want, and I want it NOW%26quot;. We backhand children for this attitude, but that%26#039;s exactly how adults act today.

Paid all Debt, but Credit score still poor after 90 Days?

where was his credit at before he paid everything off? paying an old account hurts more than it helps.

Paid all Debt, but Credit score still poor after 90 Days?

Keep working

Paid all Debt, but Credit score still poor after 90 Days?

I think you can accelerate the credit by using your credit card more frequetly and paying back in time everytime.