Archive for the ‘Credit Scores’ Category

Jeremy Simon, staff reporter with CreditCards.com, explains the ins and outs of credit scores and credit reports. For more information, visit www.creditcards.com

Free report at: www.CSBCards.com – (*24hr Recorded Message (775) 473-9014*) CREDIT REPAIR: info from the credit secrets bible Rebuild Credit: Insider Credit Repair Techniques to Improve Credit Score Fast! What’s the fastest way to raise your credit score? To quote the classic magazine salesman from the movie Office Space “That all depends”… While the removal of negative items from your credit report will almost always result in an increase in your credit score, there is a method that works better. Here’s why. Adding positive accounts is actually more effective at improving your credit score (in the short term) than removing negative one. Unfortunately, few consumers or credit repair companies know this. One of the biggest problems with trying to get approved for new credit is that you need to “have” credit in order to be approved. This causes a sort of catch 22. How does one “get” credit if no one will give them credit because they don’t have any credit to begin with? A vicious cycle indeed, but a real one. However, if you have someone you can use a cosigner this is NOT a problem. Simply have them cosign on the new credit application for you. If you don’t have a cosigner, read on. Contrary to popular belief (or what myfico and credit repair companies would like you to believe), the largest factor in building a solid foundation for your credit score comes down to two credit scoring factors: 1.) The “High Credit Limit” and 2.) Your “Debt to Credit” Ratio Your high credit …
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by ShashiBellamkonda

Question by Teri S: Buying a house and keep checking credit scores when going to banks to compare loans/rates?
My husband and I are in the process of buying a house. Every article says we should shop around at different banks and credit unions to find the best loans and rates. However, aren’t they going to check our credit scores every time? Checking your credit score too much LOWERS your score and we don’t want to go to three banks and have the second two tell us our credit scores are any different because we were shopping around for the best deal. Can anyone explain this to me?

Best answer:

Answer by Ryan M
First off, it takes 30-60 days for those to affect your credit score. So just get the quotes within the same week and then there is no issue. Second, each inquiry only lowers your score by about 2 point for 60 days. If you are worried about those few points, you probably were not going to get approved anyways.

Add your own answer in the comments!

Some cool credit scores images:

Storm Freerunners mimic Credit Confidential’s mural man

Image by Credit Confidential
Freerunners took to the streets of London to remind city-dwellers that their credit rating is with them wherever they go – as new service Credit Confidential launches to give consumers access to their credit records. More information is available here: www.creditconfidential.com/

Storm Freerunners mimic Credit Confidential’s mural man on the underground

Image by Credit Confidential
Freerunners took to the streets of London to remind city-dwellers that their credit rating is with them wherever they go.

Storm Freerunners remind us that our credit follows up wherever we go

Image by Credit Confidential
Freerunners took to the streets of London to remind city-dwellers that their credit rating is with them wherever they go – as new service Credit Confidential launches to give consumers access to their credit records. More information is available here: www.creditconfidential.com/

Check out these credit scores images:

Experian Score

Image by Casey Serin
See My True Credit Score / FICO Score post for more.

Myfico Equifax Score

Image by Casey Serin
See My True Credit Score / FICO Score post for more.

Credit Account Summary

Image by Casey Serin