Yes. Both are installment loans and will build, or destroy, your credit score depending on how the debt is managed.
Your landlord would have to report payments to the credit bureau.
There are a number of ways that an individual can build their credit score. Typically, an individual would build up their credit score by paying off credit cards on time and by not missing any payments.
Your credit score can be decreased by having collection accounts listed, a judgment, late payments or if you have too much available credit. If you have that much credit, you would want to contact the credit issuer to lower your credit limit. Your debt should never be more than 35% of the available credit. Timely, consistent payments to your creditors and low credit limits will help increase your credit score.
if your credit score is that bad i suggest you not look for a loan at all.you need to build up your score,did you do this to your score . if you did you have a job ahead of you my score was 558 and its taking me a lot of time and effort to get my score up to par, so may god be with you..I believe the lowest poosible score is around 340. I would suggest checking again and calling the credit bureaus. If I am wrong Kay jewelers has in house finnacing and is more lenient on approvals, this would help build your score by making payments for 6 mos to a year.
would a credit score of 753 be considered a good credit score?
Your landlord would have to report payments to the credit bureau.
If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's. If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.
There are a number of ways that an individual can build their credit score. Typically, an individual would build up their credit score by paying off credit cards on time and by not missing any payments.
Your credit score can be decreased by having collection accounts listed, a judgment, late payments or if you have too much available credit. If you have that much credit, you would want to contact the credit issuer to lower your credit limit. Your debt should never be more than 35% of the available credit. Timely, consistent payments to your creditors and low credit limits will help increase your credit score.
A bounced cheque would affect your credit score in a negative way. A Bounced cheque means you have been delinquent in your payments and credit agencies may have this affect your credit score badly. A low credit score means, lesser credit eligibility and lesser financing options. So be careful while writing cheques. Ensure that you have enough funds in your account before you write any...
if your credit score is that bad i suggest you not look for a loan at all.you need to build up your score,did you do this to your score . if you did you have a job ahead of you my score was 558 and its taking me a lot of time and effort to get my score up to par, so may god be with you..I believe the lowest poosible score is around 340. I would suggest checking again and calling the credit bureaus. If I am wrong Kay jewelers has in house finnacing and is more lenient on approvals, this would help build your score by making payments for 6 mos to a year.
You are entitled to one free credit report a year. The best thing to do is to check on your report. Future on time payments will gradually improve your score.
would a credit score of 753 be considered a good credit score?
Your credits score is not dependent on you paying off your credit cards but rather on your credit worthiness. For instance you can have a large amount owing on your credit card and provided you are meeting the minimum payments on this you will be seen as a good risk and have a good credit score. If however you default on these payments or indeed payments on any other debts that you may have, your credit rating will be damaged and you will find it harder to get credit in future. This disjoint between credit worthiness and the amount of debt people are able to build up is partially the cause of our present global financial difficulty, it would be more responsible if credit worthiness linked not only to your debt repayment history but also to your total outstanding debt (and income).
== == YESSSS!!! THE WORST thing to have on your credit report is an unpaid loan! TRUST ME on this, it took FOREVER to fix this, and even after you pay it off if it was ever defaulted it still stays on your credit for 7 years. Easy now! Though a deferred student loan is "unpaid" it is not a defaulted loan. FICO (not FICA) and most other credit scorers do not disclose how they calculate their scores -- so there's no way to know for sure. A credit score is an assessment of how likely you are to default -- so without any late payments or other outstanding debts, I can't imagine that it would have much of an impact.Ok, I have privacy assist with Bank Of America, and included with that service is a credit score analyzer. What this does is allows you to make changes to your credit report and let the program reanalyze it, and show you your "new" credit score. While it is just an "analyzer" , it has been very accurate in estimating a car loan I recently got. When I ask the analyzer to predict my credit after a student loan of $30,000 with a balance of $30,000, it says that no change would occur. Just FYI
9002 is not a valid score. A credit score would be a three digit number.
It would depend on the other items in your credit file and how timely you pay those items as well. Your credit score is base on your total payment history. The longer you make your payments on time, the better your score becomes. You can subscribe to a service that notifies you when your score goes up and they are inexpensive. One I know of is www.mycreditinform.com - it so encouraging when you get those messages that it keeps you on track. Good luck...it's a great feeling to get and keep excellent credit!