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What factors would make your credit score change?


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2011-09-13 11:08:35
2011-09-13 11:08:35

Your payment history makes up 35 percent of your 3 digit fico score. Your debt to income ratio makes up 30 percent of your fico score. 15 percent is based on length of credit history. 10 percent is based on new credit and the other 10 percent is based on the types of credit used.

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would a credit score of 753 be considered a good credit score?

9002 is not a valid score. A credit score would be a three digit number.

There is no average credit score for people purchasing a house. Since the credit score is not the only criteria being evaluated,a person with an excelellent credit score, say above 700, but with inadequate income would not qualify for a loan. Since there are so many factors at play, determining an average is nearly impossible.

It is unlikely that a bank would give a person a loan who has a credit score of 547. A good credit score for a loan would be between 700-800.

Typically, if you see a "zero" or nothing as a credit score it is due to the consumer having no credit or not having any positive credit that would contribute to the scoring system. A consumer can have nothing but negative credit on their report and this would not generate a score. A score is normally generated when the consumer has had a loan and/or credit card history.

If you are talking about credit score, understand that I am not a credit expert, but since a credit score of 620 is bad, 215 would be a terrible credit score. If this is for a test like the SAT, this is also horrible. The average score of the SAT is about 500, and even that isn't that good of a score.

There are many factors that go into your credit score and cancelling a card, such as how long you have had the card and how large of a balance there is on your other cards. In order to help you make an informed decision based on your specific situation I would read this article

It depends on other factors of your credit report--but I have seen personally a FICO score increase 140 points once a judgment has been removed. Here are the scoring factors and their weights on a FICO scores: Payment History 35%, Amount of Credit Owing 30%, Length of Credit History 15%, New Credit 10%, and Type of credit in use 10%. Because these factors are considered, it depends. I would say from 50-150.

It may. Credit scores are based on ALL the information showing in your credit report at the time they are calculated. So any change, including balance transfers can impact your score.

A score of 636 in most credit scoring systems would be considered below average.

Maybe yes, maybe no. There is not enough information here to answer your question. Your credit scores takes into account ALL the information in your credit report. So anything added or deleted would cause a change. Whether that change helped or hurt yourr score would depend on the info that remained.

If you are allowed a loan your interest rate would not differ because of your credit score.

If what you are referring to "is there a particular credit bureau that provides the middle credit score", then that answer would be no. Your middle credit score is just that; the score that is in the middle. It could be reported by Equifax, TransUnion or Experian. There is no one bureau that is a middle score bureau. I hope that helps.

The credit system is rated on a numerical system with the lowest numbers being considered the worst. Any score over 720 is considered an excellent credit score, so yes 787 would be an exceptional credit score.

There are not very many banks that would help you finance a loan with a bad credit score. You should visit for more help acquiring a bank that would take a bad credit score.

You can find your credit card score in a number of ways. You can write to a credit agency, supplying evidence of who you are and paying a small fee. Or you can also now apply for a credit score online.

Yes it does. You can go to any credit website and see your credit score. A few of these sites would be,, or

There are a number of ways that an individual can build their credit score. Typically, an individual would build up their credit score by paying off credit cards on time and by not missing any payments.

The highest credit score one can have ranges from 760-850. A poor credit score would be in the range of 500-579. Poor credit ratings can prevent one from obtaining mortgages and approvals on loans.

It would usually be cheaper and more ideal to get your loan from a credit union, but this can change, depending on your credit score! The second best would be getting your loan from a loan shark.

Here's what I've heard: Checking your score, by law, cannot affect your credit score. However, if several companies check your score in a short time (say you applied for several cards at once), then this will temporarily hurt your score. This depends on how and where you check. There are three major credit repositories: Equifax Experian TransUnion If a consumer goes to each bureau and requests their raw data, there is no impact their credit score. If, however, a consumer goes to a third party vendor, even through the bureau's own website, that WOULD generate an inquiry which MAY lower your credit score. Inquiries have very little impact on your credit score. Credit scores have been redesigned in recent years to account for the fact that many people shop for credit. The main factors in lowering a credit score are 1)making late payments or outright default and 2)level of credit balances.

the average credit score in the US is just above 600. Your credit score is very good. You would be approved for most loans due to your low risk factor. Congrats!

There are lots of places online where one can check their credit score. However, to specifically check one's Equifax credit score, that person would have to visit the Equifax website.

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