Posted on
April 8, 2009
at
4:27 pm
Is credit really a good thing or a bad thing? It can make your credit score go up or down, but if you don't use credit then how are you supposed to go about getting it?
Posted on
July 24, 2009
at
8:45 am
The credit score (FICO) breakdown: Payment history: 35% Amounts owed: 30% Length of credit: 15% New credit: 10% Types of credit: 10%
Posted on
July 24, 2009
at
8:38 pm
What most people don't realize is that your credit score improves greatly based on the LENGTH of your credit. If you have multiple cards or accounts, always get rid of the newest ones first (if you are going to get rid of any) Your FICO score will be better if you have a credit card that is 10 years old and one or two missed payments, vs. a credit card that is less than 5 years old and no missing payments.
Posted on
August 14, 2009
at
4:16 am
What can be considered a good credit score? Above 700. Although that doesn't really guarantee that the interest rate that's going to be extended to you would not be high..
Posted on
August 14, 2009
at
4:17 am
What does it mean to have a good credit score and still get a high interest rate offer?
Posted on
August 14, 2009
at
4:21 am
Is it possible for the lender to be looking at a different credit scoring system than that of the consumer's? Anyway, the consumer should obtain the latest copy of his/her credit report from the three reporting bureaus and check for errors. If the consumer is convinced that his/her credit is good--but is still getting high interest rates offer, he/she should delay the loan and first fix the errors in the credit report.
Posted on
August 14, 2009
at
6:12 am
It is possible to have a high credit score because of prestine payment history (35% of the FICO score- biggest factor) and still get a high interest rate offer because your debt to income ratio may not be strong among other reasons.
Posted on
June 25, 2010
at
3:11 am
don't use credit then how are you supposed to go about getting it? - Get credit cards places you would spend money anyway, such as gas cards, department stores, or discount store (target, walmart). Plus when you sign up, you typically get 15% off your first purchases.
Posted on
October 18, 2010
at
1:20 pm
Here is an interesting article regarding credit scores and why they are pointless. It's a clever thought process. Its on www.infobarrel.com, which is a approved to publish article site so the opinion provided is reviewed at least.http://www.infobarrel.com/Your_Credit_Score_-_A_Poor_Metric_for_the_Responsible
