5 Common Myths About Credit Scores

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5 Typical Myths About Credit Scores

A persons credit score is an integral component of his monetary life. A great deal of agencies and people frequently appear at your credit score, from banks, credit unions, utility firms, landlords, insurers as well as employers. Based on a current survey, half of Americans dont precisely know how their credit scores are derived, or what elements are utilized to compute those 3 essential numbers. Here are 5 typical myths about credit scores.

Myth No. 1 The Main Credit Bureaus Use Various Formulas In Computing A Credit Score

This is among the most typical myths about credit scores. The truth is that the main credit bureaus, from Experian, Equifax to TransUnion all have a various term for exactly the same score. TransUnion for instance, calls it the Empirica, whilst Experian calls it the Experian/Honest Isaac Risk Model. Whilst these main businesses have various names for the credit score, they nonetheless use exactly the same formula for coming up with it. Whilst the names utilized by the main credit businesses are basically exactly the same, lenders frequently use just 1 credit report, to analyze your loan application.

Myth No. 2 To Repair Your Credit Score, Merely Pay-off All of your Debts

The truth is that your credit score will probably be influenced, and determined by your past credit history, and not by your present quantity of debt. Whilst you might be presently rapidly paying-off your credit card debts, and settling any other outstanding obligations, your prior history of late or missed payments will nonetheless reflect on your score. As the credit specialists frequently say, it takes time to repair your credit score.

Myth No. 3 Closing Old Accounts Assists Increase Your Credit Report

This myths absolutely nothing but a typical delusion. The truth is that closing old accounts wont impact your credit score, but opening these old accounts will surely hurt your score. Getting to numerous accounts also does harm to your credit score, simply because your score is generally affected by the distinction in between the accessible credit and also the credit thats becoming utilized. Shutting-off an old account only assists to create your credit report appear young and fresh, but the harm has already been carried out prior to.

Myth No. 4 Loan Shopping Hurts Your Credit Score

Whenever a creditor makes an inquiry about your credit score, the score can drop by as a lot as 5 points. Some borrowers frequently fear that if they shop about for lenders, every time the lender makes an inquiry, their credit score plummets once more. The truth is that numerous loan inquiries are usually treated as a single inquiry, supplied they come inside a 45-day period. It would assist in the event you do your loan rate shopping inside the 45-day window.

Myth No. 5 A Loan Business Can, For A Little Fee, Fix Your Credit Score

Credit bureaus cant do something to soften up or alter your credit score, particularly if its filled with plenty of info about you not handling your debts nicely. The only method to enhance or improve your credit report, is by showing which you can deal with your debt load nicely within the future.

To enhance your credit score, you should do 4 issues: Decrease your debt load, Pay your bills on time, Eliminate existing errors inside your credit report, and apply for credit occasionally.

Comments: 92

  1. Raymon February 17, 2013 at 10:56 am Reply

    I had a 735 credit rating last year. Since then, I have learned a few things not to do that will effect your score. I cancelled my oldest credit account because I never went to the store that I had for anymore. It had a $300 limit and I never used it. Didn’t know closing it would drop my score or I wouldn’t have done it. Then I got an account with no interest for 12 months to buy a computer. I paid the account off already and I haven’t closed it because of the above. I did lower the credit limit in hopes that might improve my score after finding out closing it is not a good idea. I then dropped the limits on the two credit cards I have. I have about 9k in credit card debt and make about 55k a year. I have no other liens (cars etc.). No late payments or anything on any accounts open or closed. My score dropped from 730 to 640 in one year.

    Help!

  2. India March 8, 2013 at 3:52 am Reply

    I really want to improve my credit score from being fair to good.

  3. Tiffanie March 11, 2013 at 8:16 pm Reply

    was recently denied a phone contract by both o2 and
    T mobile.Both were inexpensive monthly sim only contracts.(less than 15 pounds).I was told I my credit status was not ok however i can’t figure out why.I think it’s because of my address , the thing is i have been living in this rented house( just rent a room six others live with me) for a year now , and since before i was here no one had payed the utility bills(gas and electricity) and are the matter is still unresolved .NON of the bills are in my name. I only pay for the broadband which are all payed.Is is it possible to have a bad credit status and thus denied a phone contract if the property one lives in has un payed bills although non are in my name or is it because of one of the details i have given below.someone please help me i have given all relevant details below.
    1)I am foreign(an international student , been here for one year now ) thus my bank account is one year old.
    2)I have only recently started a low paying part time job.
    3)about a month or so ago i almost had no money in my bank (i think i had 20 or so pounds left at the time)
    account.
    4)i now have a lot more money than before.
    5)always payed for the broadband on time.

  4. Fonda March 13, 2013 at 3:18 pm Reply

    I could go on and on, but Goddamn, I am so tired of the HATE.

    *Almost 74% of homeschooled children have gone to colleges as compared to 44% of general population

    *Children who have been homeschooled all of their lives outperformed those in a traditional school environment
    Give some some serious answers.

  5. Gregg March 15, 2013 at 12:23 pm Reply

    So homeschoolers, what is it like to be socially secluded from society and all it’s benefits, to never step in classroom, too never explore a school campus, to never get taught by a “teacher”, to never have any friends? All you can do is walk around your house and talk to your siblings if you have any. You will also be socially autistic.

    Pros- Get better grades than public and private schooolers
    Bonus: Am i Home Schooled, Public Schooled, Private or Charter?

  6. Sherrill May 23, 2013 at 7:56 am Reply

    Every homeschooler I know (and thats a lot) is a perfectly nice, smart, mature person. They are extremley socialized with people of ALL ages, and are some of the most polite people I know.

    I can’t say the same about public school kids though.

  7. Will June 2, 2013 at 2:03 pm Reply

    My Girlfriend is trying to build her credit. She is timely with her payments on her credit card, cell phone, utilities, etc. meanwhile she has maintined 2 open lines of credit that havent been touched.

    Basicly, I talked her into us buying a flat panel television and she applied for a major electronics store card and was accepted for $900. (I’m paying the difference in cash)

    While doing my part of consumer homework I found that the store she applied to has rather higher prices than another with a better selection and a 18 month interest free period when you buy a television like the one we want.

    My question is… Should she keep the card she applied for as an open line of credit and apply for one at the other store? or should she cancel the card she is getting before or after she applies at the other store.
    The purchase has not been made yet.

  8. Barrett June 2, 2013 at 2:04 pm Reply

    I was wondering what would cause the three main credit score to go down by 25 to 40 points? I had 4 Real Estate Lenders attempt to earn my business but when the last lender got around to pulling my credit score my credit scores had dropped 25 to 40 points….
    I thought that if the inquires were for the same thing that the scores did not get that affected as it was supposed to count as the same type of inquiry….. I thought congress passed it due to a congreeman be denied credit about 10 years ago… so he wrote the law stating that the credit scores should not be affected when the same type of inquiry is done… if that is not true then how does the multiple inquires really affect it.. As I personally believe that it is all a pile of @#$%…. and that the credit bureau people are all $%^& but that is besides the point.

    Parrothead

  9. Orval June 5, 2013 at 8:48 am Reply

    I made the mistake of using FreeCreditScore.com (don’t use it, folks) and now I don’t have my one copy of my credit score anymore. Can I go to the government site to get my annual free credit score? Or will it negatively affect my credit for asking more than once in a year?

  10. Kelsey June 5, 2013 at 8:49 am Reply

    Kids should have the opportunity to socialize with kids their age and meet people outside of group such as religion, race etc. Parents should *only* be allowed to home school if they have a good reason for and if they can prove it’s better for the child. Should they also ban private schools? What can we change to better educate our kids?
    I’m a 14 year old freshman.

  11. Monte June 18, 2013 at 1:06 pm Reply

    I applied to get a Chase credit card to use on company trips for rewards but was denied for lack of open accounts. I have good credit, pay a mortgage and all house bills on my own in my own name.cell phone, company credit card, have an open account for furniture (12 mon 0% offer). had a car loan payed back in 3.5 yrs instead of the full 5 yrs. What more do I need to get a card?

  12. Justin June 24, 2013 at 12:43 am Reply

    Anyone know whats the fastest way to raise your credit score . I have tried to apply for secured card but can not get approved my credit scores are 601 – 620 – 605 …

  13. Rhett June 25, 2013 at 9:19 pm Reply

    OK… Im going to be a sophmore in high school and would like to attend Rice University in a few years. I live in Sugar Land which is about 30 minutes away from Rice…i know they don’t like accepting people from close by. Well i would just like to know if i have a shot of getting in?

    In 8th grade i took algebra 1 and spanish (for high school credit) and finished with two Bs

    Freshman year i took 3 pre ap classes and my gpa was 4.777777778 (this includes my 2 B’s from middle school)( at my school its a 6.0 grading average where 6.0 is the highest you can get) and was on the volleyball team and made the honor roll

    This year i am taking 4 pre ap classes and will probebly join 2 clubs

    My junior year i know i will be able to be in the national english honor society and when I am a senior
    im planning on taking health science technology and intern at a medical facility( I would like to become a dermotologist). Also i will probebly quite volleyball after this year is up.

    I know i made honor roll, but i finished the year out with 3 Bs. I didn’t realize how bad i wanted to go to rice untill the end of the year and it was to late to bring my Bs up to As. Honestly im pretty smart and can get really good grades on tests as long as i study, but this year i just kind of coasted by and took the lazy way out. I know if i got really serious i could get all A’s next year. BTW english is my strongest class and i write pretty well.

    So is there anything else you reccomend me doing? Also…if you could tell me what top % of your class it would take to get into Rice? Anny help is greatly appreciated!!!
    BTW…i love english class but spelling isn’t my strong point… i just realized i spelled hopeing wrong lol

  14. Arvilla July 5, 2013 at 10:36 pm Reply

    If Trans Risk is a subsidary of Trans Union, why would I have a 100 point difference in credit scores between them? The Trans Risk is 100 points lower than the Trans Union.

  15. Ned July 11, 2013 at 4:22 am Reply

    With the three credit scores being different, which do they use to determine you qualification for a mortgage? Or do they simply average all three scores. My husband has two scores at around 540 and his transunion is at 605. What are his chances?

  16. Felipe August 11, 2013 at 2:32 pm Reply

    For example, Transunion has shown that I have been able to up my credit score by 100pts in the last 1 1/2 years, but Experian is showing a drop by a few points. Transunion says my credit is good, experian shows my credit is poor. How the hell can one be bad and one be good? I pay ALL bills on time and I always pay more than the minimums. I’ve even paid off a couple this year and I don’t have much open. Can someone help me with this confusion?
    It’s my FICO thats showing high and good and a PLUS thats showing bad and poor. All I need to worry about is the FICO then?

  17. Leandro August 11, 2013 at 2:33 pm Reply

    I want to have a good idea of just what people typically think about homeschooling and homeschoolers. 🙂
    Please, I don’t want arguments about whether homeschool or public school is better. I just want people’s individual opinions.

  18. Deedee August 15, 2013 at 5:13 am Reply

    Hello, i was just wondering how often the credit scores go up or down? I am financially ready to pay off an entire credit card bill, so should I pay off in full or just make daily payments til its done? Also, i just wanted to know how often credit scores go up or down? Is it daily, weekly, monthly etc?
    Thanks.

  19. Nelson August 20, 2013 at 10:57 pm Reply

    I have heard there is a free way to get all 3 of your credit scores, how do I do it?

  20. Arnoldo August 26, 2013 at 5:07 am Reply

    Why is your credit score different between Experian, TransUnion, and Equifax? All three credit reports are very similar. How much difference is normal between them? When you apply for credit do they look at all three reports and scores? Do loan companies prefer one agency over the others?

  21. Bettina September 6, 2013 at 8:23 pm Reply

    My credit score is 628 (not too good I know). However, is my credit score good enough to be approved for a student loan? I do not have a cosigner so that’s not an option.

  22. Albert September 12, 2013 at 11:49 am Reply

    I have a basic question about credit scores. When the economy first went downhill back in 2009 I ended up with bad credit after loosing my job all in one day due to the office closing with no warning.

    I am trying to get my score back up to 650. Currently it is about 590. Here is my questions:

    1. If I have two credit cards that are charged off and can pay them off today would that be the best route?

    2. If I have a repossessed motorcycle and owe around $3,000 after it was auctioned off would that be the best thing to pay first?

    3. Or is qty better, excluding medical? In another words, If I could pay off 3 or 4 other minor things would that improve the score more?

    Thanks!

  23. Eilene September 19, 2013 at 7:37 am Reply

    Basically, my mom is going to be looking into buying a house soon. She wants to check her credit score. Which score is the actual one necessary to check? I’ve seen FICO and all types of other general “credit scores” that could be checked.

    Which does a mortgage company look for, and just how many different “types” of credit scores are there? I know that a credit score is a summary of the creditworthiness based on one or up to all three of your credit reports. But where is the safest, cheapest and most reliable place to purchase a credit score online?

  24. Carrie September 23, 2013 at 11:52 pm Reply

    What is the minimum credit score that landlords want to lease an apartment to someone?

  25. Tesha September 25, 2013 at 8:18 pm Reply

    My credit score is just shy 18 points from getting a decent loan. But if I could get it higher I will certainly try. I’ve made a few late payments and I’m planning on cutting all my bills in half. Would that be enough?

  26. Eboni September 25, 2013 at 8:19 pm Reply

    I am currently monitoring my credit report from the 3 credit bureaus. I filed bankruptcy almost 2 years ago and I currently have no balances on any of the 4 credit cards I have and have never been late on a payment to them. I monitor my credit report with Experian and I now have a 620 credit score. With experian I have seen a steady increase in my credit score since I filed my bankruptcy. With the other two agencies, I haven’t seen much of a change. Experian is at 550 and Transunion is at 505. I have checked my report with all 3 bureaus and they all have the same information. Can anyone tell me why there is such a difference in the three credit scores? As of right now, I have $100 balances. I pay all my bills on time and from everything I’ve read, a discharged bankruptcy from 2 years ago should have my credit back to about the 650 -670 range. Am I missing something?

  27. Boris September 27, 2013 at 11:22 pm Reply

    Looking to see credit scores by race, income, age, sex etc.. Anyone know where this information is available?

  28. Reita October 14, 2013 at 9:02 am Reply

    Thanks for your answer.

    I understand about the credit scores now. But, How long do I suppose to have a credit history for ?

    Is it possible to get a loan without credit scores?

    Do I need to have a work contract in order to get a mortgage?

  29. Rosann November 1, 2013 at 4:00 pm Reply

    If, say, I spend $140 a month on gas, charge it to my credit card, and pay full every month?
    I honestly do not know much about credit cards and credit score. I know people get better credit card deals when they have better credit scores, and that the credit card companies rake in money from the accumulated interest when people don’t pay in full every month, paying at least the minimum to not be fined but not paying all of it. For a credit card agreement with a person whose never really used credit before, could I not get charged any interest at all if I just pay off everything come every monthly payment?

  30. Rosa November 1, 2013 at 4:01 pm Reply

    There are a bunch of companies out there that say they provide credit score free of charge but hide the fine print that eventually charges you every month for a service you never wanted. I know there are services out there that provide credit score for free with no hidden charges. Does anyone know of any?

  31. Cruz November 4, 2013 at 6:08 pm Reply

    I am trying to find out what my three credit scores are. Where online can I do this?

  32. Felecia November 4, 2013 at 6:08 pm Reply

    We are hoping that our credit score has improved greatly now that the bankruptcy is off (it was a long 10 years) and we haven’t acquired much debt.

  33. Antione November 4, 2013 at 6:08 pm Reply

    With the economy down and it impossible to get credit. Do you think it is a good idea to lower the credit standards so that it is easier to get credit. For example. Those that currently have high credit scores should be able to pay no interest on any loans. And those that have fair credit scores should enjoy the low interest rates of the people that had excellent credit. And for those that have poor credit, they should have decent rates, not sky high rates. In other words if they get rid of high interest on loans, do you think the economy will improve?

  34. Wilfred November 9, 2013 at 5:16 pm Reply

    Let’s say that my parents co-signed a credit card for me because I’m not 21 yet, and that I pay my balance in full every single month. Will my parents’ credit scores be negatively affected just by cosigning my credit card?

    In general, does increasing one’s credit limit lower one’s credit scores? I know that hard inquiries for credit scores can lower credit scores 10-20 points a time, but what about applying for credit in itself?

    Thanks in advance!

  35. Stan December 4, 2013 at 11:04 pm Reply

    My husband and I hit a financial hard spot about a year ago. Since then we have worked hard to catch up on all our bills and pay them on time. We would like to buy a house in about 3 years. (We own a condo at the moment) Would 3 years be long enough to raise our credit scores? Other than paying our bills and paying off some of the balances that we owe is there another way to raise our credit scores? We plan on keeping our credit cards once we get them paid off because we were told that as long as we charge something once a month and then pay that off every month it will help with our credit score. Any other advice?

  36. Abbey December 6, 2013 at 2:14 pm Reply

    My credit scores range from 648 with Equifax to 676 at Experian. TransUnion in the middle. Can anyone explain the difference and which agency is the most accurate or trusted?

  37. Maria December 12, 2013 at 2:34 am Reply

    I always see these advertisements for credit scores like “whats your credit score?”. Or something along those lines. What is a credit score and how do i find mine?

  38. Eldora December 23, 2013 at 10:16 am Reply

    I know that sometimes prospective employers check credit scores, don’t they? Is it true that a poor score can make them not want to hire you? If so, what is the reason, and in what areas of employment (health care, hospitality, etc) is this likely to apply?

  39. Valerie December 23, 2013 at 10:29 am Reply

    My Credit cards are close to their limits and it is negatively affecting my credit. Once I pay them down, how quickly will my credit scores raise? How much will this cause my scores to raise?

  40. Blaine December 23, 2013 at 10:30 am Reply

    My credit score when I check it shows say 687 they get 630. Have made some corrections recently. Does it take a while to show? Is it updated only every month?

  41. Terrell January 13, 2014 at 5:42 am Reply

    If I have a good credit score but still have unpaid collection accounts on my credit report will lenders expect me to pay those before they would give me a mortgage? Or if my credit score is high does that mean they won’t really care about much else?

  42. Donita January 16, 2014 at 6:43 am Reply

    My credit score is currently at 632 (Equifax). Among open accounts I only have 3 credit cards with total credit limit of $21500 and balance of $12273 (57% utilization ratio). I’m about to pay off the balance on one of the credit cards which is $9500 leaving me with about $3000 total remaining balance (for all credit cards).

    Will this improve my credit score? By how much? I’m looking to lease a car and hoping that paying off the credit card will improve my credit to get approved for a lease.

    Additional info: I’m a single man – 26 years old – fulltime job making about $75k.

  43. Pearlie January 30, 2014 at 6:01 pm Reply

    My three credit scores have always been excellent, above 800. What would make Experian go down to 773, which is “Good” instead of excellent and at the same time Trans Union goes up from 803 to 811? Doesn’t make sense to me.

  44. Jestine February 2, 2014 at 3:17 am Reply

    I have no credit at all because I don’t make large purchases, and I don’t use credit cards. What are some good ways to get a credit score without getting a credit card? I have a checking account will that help in any way?

  45. Lucius February 2, 2014 at 3:32 am Reply

    Need info on how to raise credit score?

  46. Raymon February 2, 2014 at 6:17 am Reply

    how can i boost my credit score i have had a few late payments on my credit file which are 12 months old now and i have 2 accounts that have been 7 months old and up to date every month. my % of your total credit being used is 0% with no money owed to any one.

    yet my score is still only 706 how can i give this a boost?

  47. Lucia February 2, 2014 at 7:01 am Reply

    My credit score was 622 in October last year. Is that considered good enough in today’s economy?

  48. Yessenia February 2, 2014 at 10:02 am Reply

    Does having a lot of credit cards affect your credit score?

  49. Loni February 2, 2014 at 1:45 pm Reply

    i want to know if i transfer a credit card balance to a 0% apr credit card, will it affect my credit score. my credit card bal. is 4,000.00

  50. Maxwell February 9, 2014 at 11:07 pm Reply

    My credit score is 601. I’ve heard from some that the score is good, and others have told me it’s fair. Which is it? All answers are appreciated.

  51. Hershel February 12, 2014 at 3:08 pm Reply

    Hello can some one please tell me how to check my credit score at 16? I tried so many sites and they all require me to be 18 to check my score can some one please help…

    P.S. if you are not sure please do not answer!!!

    Thank You

  52. Ruth February 14, 2014 at 1:09 pm Reply

    How much does canceling a credit card lower the credit score?

  53. Tonie February 21, 2014 at 2:29 am Reply

    I don’t understand what credit score is..can someone explain in very simple terms? and what a good and bad credit score is? How do you get a good score or a bad one??

  54. Jay February 21, 2014 at 3:39 am Reply

    i want to see what my credir score is, but i don’t have a credit card at the moment, all the credit score places asks for a credit card number??? anybody have any websites where i can get a free credit report that doesn’t require a credit number!!! please help!!

  55. Jaqueline February 21, 2014 at 3:40 am Reply

    my credit score is under 600, but I can’t get it to go up.
    i have tried getting a credit card for people with bad credit.
    i don’t’ have any current debts, and all the negative items on my credit report are really really old, like 1999 and 2002.
    how can i raise my score and get the bad stuff off my report?

  56. Scotty February 21, 2014 at 2:55 pm Reply

    I checked my credit score earlier on creditkarma or whatever its called i have a pretty low credit score but it also said Car Credit Score? what does that mean?

  57. Charlott February 21, 2014 at 11:33 pm Reply

    Okay, I have a great credit score. My fiance has a poor credit score.

    What happens after we get married? Do we have a credit score together? Or separate? Or both? How does it all work?

  58. Dorthea February 21, 2014 at 11:33 pm Reply

    In the Transunion credit score range of 221-950, what are the parameters? What equals a good score? 850? 800? 750?

  59. Jacquline February 21, 2014 at 11:33 pm Reply

    If i apply for another credit card even though i dont need it, and dont use it, will it still help my credit score?

  60. Casey February 22, 2014 at 4:21 am Reply

    First :Im 19 And just got a credit card. When you first start building credit how high of a score do the start you off with.

    Second: I’ve paid off the credit card amount 4 times each time with a balance around $180. Each time I paid it was on time and paid in full. Keeping this trend going , how fast will my credit score rise ?

  61. Lorriane February 22, 2014 at 4:27 am Reply

    Does having cash available in checking/savings effect my credit score? Or is it better to take that cash and pay any debts?

  62. Rozella February 22, 2014 at 5:01 am Reply

    I have credit cards that I use and immediately pay-off once it shows on my activity. Is this something I can do to improve my credit score? Or should I leave the balance on the Credit card until the statement date and then pay off in full?
    Can you please tell me if I have to pay off the balance once it shows up on my activity or leave the balance on the credit card until the statement cycle and then pay in full when I get the statement in the mail? Which way will I be able to improve my FICO score?

  63. Leta February 22, 2014 at 5:41 am Reply

    I don’t have a credit card, and I owe about, 4 over do bills on diff. magezines. Do I have bad credit score? And if I pay them, can I fix my credit score?

  64. Kurt February 22, 2014 at 5:41 am Reply

    Is 700 a good credit score ?

  65. Maria February 22, 2014 at 5:41 am Reply

    So I’m working on my credit score… right now it is LOW at 576, in order to get the loan that I want it needs to be at least 600. I’m getting ready to pay off a couple debts ($998, $24, $110) that were cell phone, medical, and long distance. Will paying these 3 off raise my credit score enough? For paying off a $500 debt will it raise your score 2 points 20 points? I need to know how this works? Thanks!!
    None of it is credit card debt. Only like a cell phone bill (that was shut off years ago and never paid) a couple long distance bills, medical bills.. etc.

  66. Reanna February 22, 2014 at 6:07 am Reply

    My credit score has went down 138 point in less than a year. I have not been late on any payments and I have only opened 1 more line of credit. Do you think it’s a mistake?

  67. Catarina February 22, 2014 at 6:41 am Reply

    I am 21. My credit score 708. Is that good?

  68. Rodrick February 22, 2014 at 6:50 am Reply

    What can I do to increase my credit score?

  69. Alberto February 22, 2014 at 6:58 am Reply

    Can you get a free credit score? If not, where would I be able to get my credit score for a good price? I prefer those with experience. Thanks.

  70. Jacque February 22, 2014 at 6:58 am Reply

    I just graduated and I have no previous credit history. So does this mean my credit score is simply zero…or what? Also if you have negative funds in a checking account, does it lower your score?

  71. Garry February 25, 2014 at 1:19 pm Reply

    what are the different credit score ranges for each risk level?
    i know it goes up to like 800, but what are the ranges for low risk, medium risk, medium-high risk, and high risk?

  72. Werner March 9, 2014 at 8:21 pm Reply

    My Credit score is a 659, I’ve paid my bills on time. I have a Visa Credit Card from American first credit union as well as a line a credit, A personal loan witch i just recently got. My my credit history is only about 6-7 Months old.
    I heard from people that a secured card may help my credit score, or just by raising my credit limit. any ideas?

    Thanks

  73. Bee March 10, 2014 at 12:13 am Reply

    I checked on free credit report and it indicated it was 631. Is says it is fair ? Can i purchase a vehicle with that credit score?

  74. Lavern March 10, 2014 at 12:14 am Reply

    need to know what a good/bad credit score is.

  75. Rosy March 10, 2014 at 12:15 am Reply

    if i have a credit score of 670 is that good or bad?

  76. Glynis March 10, 2014 at 12:15 am Reply

    My credit dropped from 700+ down to 380(?). If I make ALL of my payments on time and payoff my car 2 1/2 years earlier, does this boost my credit score?

  77. Curt March 10, 2014 at 6:57 am Reply

    in order to improve my credit score should i pay the cards off every month of leave a balance? and why
    if leaving a balance is recommended explain why and how much balance

  78. Mason March 13, 2014 at 1:01 pm Reply

    Is 630 a decent credit score?
    We are looking to consolidate our debt (hopefully). They said my score is 651 and my husband’s is 630… but we both have been bogged down with medical bills… everything else is being paid on every month, on time.
    Medical bills is what is making my score so low.

  79. Vern March 14, 2014 at 1:38 am Reply

    how do you get a high credit score?

    how long does it take to get a good credit score starting from no credit score? (ie first credit card)

    how do people determine your score?

  80. Socorro March 14, 2014 at 10:41 am Reply

    i just got my credit score 585 from one credit bureau and 620 from another. they both have information that is not up to date, ex the account was written off when i actually paid it in full. i have a school loan which im paying on time and should i obtain a credit card to help improve my credit worhtiness. any advice will help. thanks

  81. Jacquline March 14, 2014 at 8:39 pm Reply

    what exactly is a credit score? how does it work? my mom just got me a credit card and I have no idea about credit cards other than using it for shopping, dining, bills, and gas.

  82. Meta March 16, 2014 at 7:26 am Reply

    My credit score isn’t real good right now because I made a bad decision, but what can i do to improve it?

  83. Miyoko March 17, 2014 at 10:43 am Reply

    Right now, My credit score is 513. I’m trying to have a credit score that will be decent enough for almost any apartment.

  84. Jill March 17, 2014 at 12:44 pm Reply

    How do corporations compute your credit score?

  85. Shanna March 19, 2014 at 6:00 am Reply

    For a person in their 30’s is a credit score of 560 good or bad?

  86. Felipe March 19, 2014 at 6:00 am Reply

    Is 677 a good credit score

  87. Alberto March 19, 2014 at 6:01 am Reply

    what kind of credit score do I have to have to get a job?

  88. Frankie March 19, 2014 at 6:01 am Reply

    OK i might not make sense and i might misspell a lot of words so here i go….

    ok lets say i pay something that is $74 will my credit score go up higher as in getting fixed how does all that proses works?

  89. Colin March 19, 2014 at 6:01 am Reply

    I just received my credit report and am baffled.
    Equifax says 669, Experian says 683, TransUnion says 662.
    Can somebody please clarify what a ‘good’ credit score is, numerically speaking? In other words, is my credit good, bad, average, terrible?? How long does it take to improve credit scores? (Weeks? Months?)
    Thanks!

  90. Vern March 19, 2014 at 6:02 am Reply

    Is a 559 credit score good for an 18 year old? I just started too

  91. Hellen March 19, 2014 at 6:02 am Reply

    My husband has a 570 credit score and I have no credit score according to FICO but we both make great money. Can we get approved for a home loan? Neither of us have had any major purchases in over two years, and the major purchase we did have two years ago, we have paid on early every single month. We are desperately wanting a house, anyone know what I can do to get a good loan?

  92. Osvaldo March 19, 2014 at 6:03 am Reply

    I checked my credit score on two different credit agency privacy matters and credit score.com. I have to different scores. Can that happen?

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