A credit rating is a subjective assessment of your potential risk as a borrower. It is performed by someone with the knowledge to make that type of evaluation. Credit ratings, and their subsequent grades, from A to F, were standard in the mortgage industry 15 to 20 years ago. This practice was superceded by credit scores.
Credit scores are a calculation of your perceived risk that is based on ALL the information in your credit file. The calculation is performed by leased, proprietary software. It has become the modern standard with both mortgage and auto lenders (possibly with credit card issuers also). Scores are perceived as more objective and have taken much of the "opinion" out of lending decisions. Their use has also contributed to the speed at which credit decisions can be made and loans can be closed.
If you want a credit rating, you would have to find someone with the information to make that assessment of your current standing. If you want a score, you can purchase one yourself from www.myfico.com If you simply need to see what your permanent credit files contain, you can get a copy from each credit bureau by requesting such.
The recently amended Fair Credit Reporting Act allows consumers to have one free copy of their credit report each year. This feature is being rolled out per section of the country. If you are in the western US, you can request your free copy as of December 1, 2004.
its not phisically possible
That's the highest possible.
It may be possible to get a credit card with bad credit, but the terms will be unfavorable. You should work at rehabilitating your credit rating before applying for credit cards.
Collection agencies cannot restore your credit rating, all they can do is report if the debt was paid, or if a settlement was agreed upon. The credit reporting agencies are who you need to contact in order to get your credit rating restored, such as Experian and Equifax.
You are a separate, legal entity from your father, your credit rating should not be affected by your father's credit history. It is however possible that you may have been mixed up with you father is you live at the same address and have the same or similar names. It should be possible to check this out by asking for your credit history statement.
the best possible credit rating
its not phisically possible
That's the highest possible.
Your credit rating determines whether you will be approved for an auto loan or not, and at what rate and terms. Auto loans credit rating improvement suggestions include making sure to pay down as much outstanding credit card debt as possible, and to not apply for any new credit cards when you are about to apply for an auto loan. In addition, auto loans credit rating can be improved by checking to see whether there are errors on your credit report and then by contacting the credit bureaus to correct these errors as soon as possible.
You can obtain additional information about credit score rating and possible solutions at the following websites: www.bankrate.com/brm/news/credit-scoring/20031104a1.asp.
It is possible to buy a cellular phone if you have a bad credit rating. If you purchase a pay as you go phone, there will be no checks on you what soever.
It may be possible to get a credit card with bad credit, but the terms will be unfavorable. You should work at rehabilitating your credit rating before applying for credit cards.
When you have poor credit rating, you might have to be prepared to pay higher down payments and maybe higher monthly dues. But be prepared in all cases to be paying higher rates because of the poor credit rating!
Collection agencies cannot restore your credit rating, all they can do is report if the debt was paid, or if a settlement was agreed upon. The credit reporting agencies are who you need to contact in order to get your credit rating restored, such as Experian and Equifax.
You are a separate, legal entity from your father, your credit rating should not be affected by your father's credit history. It is however possible that you may have been mixed up with you father is you live at the same address and have the same or similar names. It should be possible to check this out by asking for your credit history statement.
Paying bills as late as possible without damaging the firm's credit rating.
Which among these is a credit rating ?