0
Both. Sometimes loan apps are filtered out based on score alone, but a lender will look at the actual credit report for any borrower under consideration.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How do you get your credit score?
Here's a couple ways... By law, each of the three major credit reporting agencies have to give you one free credit report (in addition to other opportunities you have to look at your report when you are denied credit based on reports for any of the three) The three agencies are Equifax, TransUnion and Experian. The place to get the free credit reports is listed in the related links below. These reports do NOT include your credit score but, for a nominal fee you can have your score included. I think the last time I got my score in this manner the fee was six dollars. There are other ways to track your credit score. Some banks such has Washington Mutual offer credit cards which include availability to your TransUnioin credit score anytime as an extra perk of the card. Also, the higher end Microsoft Money software packages include a year of free credit score monitoring, I think there's was from Experian and you could get that score anytime you wanted.
How does pulling credit reports affect credit score?
If you are pulling it on yourself, it doesn't affect it in any way. If you apply for multiple loans and each lender pulls a credit report, it will have a negative effect on your score because it may look like you are desperate for credit.
Do the three major credit bureaus work together to determine your credit score?
No; they are three completely separate companies. The 3 credit bureaus that currently exist in the U.S. are 3 different competing companies offering various features but pretty much the same information regarding credit reports and scores. When lenders look at your credit report and score, they can look at 1, 2, or all 3 reports and scores. When looking up your credit report and score, your report should be identical across all 3 bureaus, but your score can very by as much as 20 points between bureaus.
Why do people get free credit score reports to take down there credit?
People often get credit scores before making large purchases to make sure their credit is good enough to get the best loan rates. If their credit score is lower than they expected, they are able to look through the information and find possible mistakes.
What credit score do credit card companies look for?
most credit card companies that lend to "Prime" consumers like to see a credit score of 650 or higher... any score over750 is considered excellent
How do you get your credit score?
Here's a couple ways... By law, each of the three major credit reporting agencies have to give you one free credit report (in addition to other opportunities you have to look at your report when you are denied credit based on reports for any of the three) The three agencies are Equifax, TransUnion and Experian. The place to get the free credit reports is listed in the related links below. These reports do NOT include your credit score but, for a nominal fee you can have your score included. I think the last time I got my score in this manner the fee was six dollars. There are other ways to track your credit score. Some banks such has Washington Mutual offer credit cards which include availability to your TransUnioin credit score anytime as an extra perk of the card. Also, the higher end Microsoft Money software packages include a year of free credit score monitoring, I think there's was from Experian and you could get that score anytime you wanted.
How does pulling credit reports affect credit score?
If you are pulling it on yourself, it doesn't affect it in any way. If you apply for multiple loans and each lender pulls a credit report, it will have a negative effect on your score because it may look like you are desperate for credit.
Do the three major credit bureaus work together to determine your credit score?
No; they are three completely separate companies. The 3 credit bureaus that currently exist in the U.S. are 3 different competing companies offering various features but pretty much the same information regarding credit reports and scores. When lenders look at your credit report and score, they can look at 1, 2, or all 3 reports and scores. When looking up your credit report and score, your report should be identical across all 3 bureaus, but your score can very by as much as 20 points between bureaus.
Why do people get free credit score reports to take down there credit?
People often get credit scores before making large purchases to make sure their credit is good enough to get the best loan rates. If their credit score is lower than they expected, they are able to look through the information and find possible mistakes.
How can I check my credit score?
You can go to freecreditreport.com and check the credit score. By law you are allowed one free credit score look a year.
If a credit card was charged off 5 years ago and has since been sold to 4 collection agencies and each has reported it as bad debt do all 5 reports affect your credit or is it seen as one trade line?
All 5 reports affect your credit. Companies look at the number of negative reports on a persons credit. The number of reports will affect your credit score. Companies do this in order to: a) Get their money b) basically persuade you to pay the balance.
How do you read and understand your credit report and it's scores?
You can look at all your credit cards and reports and see who is reporting you delinquent. You can also see your overall credit score and compare it against a chart of good and bad scores. The information on your report is fairly straightforward.
What credit score do credit card companies look for?
most credit card companies that lend to "Prime" consumers like to see a credit score of 650 or higher... any score over750 is considered excellent
What is a corporate credit score and how does it affect the stock price?
In order to invest in good credit score. You must look onto the security, and company that you are willing to trade within order to obtain a credit score of another business you must be willing to look into other peoples credit score, so you wont risk your own self and your company.
How will your credit score be affected when the bankruptcy drops off?
That depends on, what's on your credit bureau file. The score will look at the age of your credit cards, balances and payment history
Look On The Bill?
Do you know how to get your credit score? It is simple to do. There are actually several credit agencies that you can call to receive your credit score. The credit agency representing the bill that you are paying should be listed on the bill. There will be a number to call to get your credit score either mailed to you or they may give it to you over the phone. Look online for free credit scores. But beware; although it may say free credit score, it is usually only a free trial.
Why can't you look up your own credit score at any time so you can improve it if necessary?
you can look it up for free at any time. just Google, "Free credit score".
