Most banks don't require you to have good credit with the 3 major credit bureau's. They only request that you don't have any problems with "Check Systems". That means that you didn't mess over any other bank.
The credit score is needed by companies in order to evaluate the risk of a possible credit default, for example if one applies for a consumer credit or a bank account.
2
It depends on if the account was good and helping your score or a bad account that was holding your account down. Removing a good account cold lower your score.
You do not need a minimum credit score. You just need to be able to pay off the amount at the end of every month.
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.
The credit score is needed by companies in order to evaluate the risk of a possible credit default, for example if one applies for a consumer credit or a bank account.
If you have some credit then you will typically need a minimum middle credit score of 580 to qualify for a FHA loan.
2
620
No, only the primary cardholder's credit score is affected.
It depends on if the account was good and helping your score or a bad account that was holding your account down. Removing a good account cold lower your score.
You do not need a minimum credit score. You just need to be able to pay off the amount at the end of every month.
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.
Having a checking account has no effect on your credit score. Bouncing your checks has a big effect on your credit score.
If you have a chargeback, that is a credit to your account. This will not affect your credit score negatively or positively.
== == Collection account are 20% of the total credit score module.
Many credit card companies are hesitant to issue unsecured credit cards to those with a credit score of 650 or less. Some companies are more stringent than others.