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If you don't have a credit card and pay mostly cash how does that affect your credit score What is the basis of credit scoring?
Wiki User
∙ 14y ago
you credit score would be 0 to very low you need at least 3-4 credit cards to start builling your credit file with all 3 credit bureaus. (EQUIFAX-EXPERIAN-TRANS UNION) I SUGGEST YOU OBTAIN 3-4 SECURED CREDIT CARDS AND PAY ON THEM 50% OF THE BALANCE EACH MONth and do not go over the limit or bounce a check with them. and if you could go 2 a credit union and obtain several secured loans. WITHIN 3 YEARS AFTER THEY ARE PAID YOU SCORE SHOULD BE FAIR TO GOOD JUDE KAGABINES LEXINGTON SC
Wiki User
∙ 14y ago
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Your credit was not used to get the loan but your name will be on the property will your credit score be affected?
If you didn't sign the mortgage and without your social security number being considered as basis for the loan the financial institution will not report for or against you. If you signed the note and mortgage, in the case of a default you will be responsible and a foreclosure will affect your credit record.
What services does equifax offer?
Equifax offers you many great things,beyond just giving you your credit rating. With Equifax you can see how different choices you make will affect your credit rating in the future. You are also able to moniter your credit on a daily basis, and feel protected with their identity theft insurance.
What is intracompany basis?
Intra company basis known as decision variables that affects the amount of trade credit i.e. investment in receivables. There are many external factors which affect the credit policy of the firm such as competition in the market, economic situation as well as the internal factors. It's the credit policy which helps the firm to get its level of credit. One should work on the credit policy costs and variables both individually and jointly to understand its impact on the goal of maximization of profit. Goal of credit policy not only refers to the profit generated but also includes the importance of value.
How to improve my credit score?
Credit score is essential element in any transaction concerning financial history such as applying for additional credit card. In order to improve credit score, the settlement of financial obligations should be on time. When owning credit cards, these cards must be maintained at a minimum basis. There should be a regular checking of account in order to monitor any erroneous transactions that may affect the credit score.
Does not activating a credit card harm your credit score?
No, but it doesn't help your credit score either. In order to build and maintain your credit score, you need to use credit on a monthly basis.
If you default on payments in Canada while living in the United States will it affect your credit score in the United States?
Yes, creditors watch your score on an international basis.
What are The Amounts on the books that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amount owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and.?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
What is the amount owed to a business that are on a credit basis are considered a current asset on the book?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Amounts owed to a business that are on a credit basis are considered a current asset on the books and...?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
What are amounts owed to business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Are Amounts owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
What is Amounts owed to a business that are on a credit basis are considered a current asset on the books and?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
What amounts owed to a business that are on a credit basis are considered a current asset on the books and...?
Amounts owed to a business that are on a credit basis are considered a current asset on the books and
Your credit was not used to get the loan but your name will be on the property will your credit score be affected?
If you didn't sign the mortgage and without your social security number being considered as basis for the loan the financial institution will not report for or against you. If you signed the note and mortgage, in the case of a default you will be responsible and a foreclosure will affect your credit record.
