No it isn't.
No, such activity only lowers your credit rating. It goes against your total indebtedness. Plus, if they default it can kill your credit rating and take years to remedy. Mark
CCC+ is a sovereign credit rating. It is not a programming language.
In the USA, Parent PLUS loans are based on credit. Graduate PLUS loans are not based on credit. So, if you are taking the loans out for your kids, then yes the loans are based on your credit score. If you are taking the loans out for yourself for graduate studies, then it does not matter what your credit rating is.
8/6/2011
For the same reason that when an individual's credit rating is downgraded: it costs more to borrow money because of increased risk to the lender.
It means the issuer that it is rating is deemed to be on the lower end of the investment grade ratings. It means it is of medium quality and has a very reasonable probability of fulfilling its ratings. However, investments should not be made in relation to credit ratings alone.
Chartered banks add credit unions offer the best rates on unsecured loans. They offer these loans to their existing clients who have a secure income and an good or excellent credit rating. The best rates can be as low as prime plus 1%.
The length you've had a card does help your credit score. That's why they say to keep the old ones. Plus your ratio of available credit to your balance is important.
There are many credit card debt management services available. Some of the following have an A plus rating with the Better Business Bureau: Consolidated Credit Services and Step Change Credit Services.
The best way to apply for a Union Plus credit card is by going to a bank that has Union Plus credit card and applying for one. Make sure you meet the requirements for getting the credit card. You can find more information at the bank.
Most lending companies understand that not much credit has been established for new college freshman. So, they rely on information on the students parents to determine eligibility for good loans to the aspiring student.
There are many websites online that allow someone to check their credit score: freecreditreport.com is one of them. One free credit is allowed annually; otherwise, one of the three credit bureaus must be contacted (Equifax's ScorePower, Experian's PLUS score, and TransUnion's credit score). Another option is to purchase the score from FICO.