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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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∙ 2011-09-13 11:08:35
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How does 753 fico score rank?
would a credit score of 753 be considered a good credit score?
Is a credit score of 9002 bad?
9002 is not a valid score. A credit score would be a three digit number.
What is one's average credit score in purchasing a house?
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.
Does paying off your mortgage early affect your credit score?
Yes, it would help your credit score.
Is it possibleto get an auto loan with a 547 credit score?
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.
The credit score advice for me to prevent bad credit score especially when I have a master card which has been unused for a long time.?
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 http://www.creditcards.com/credit-card-news/cancel-credit-card-and-impact-credit-score-1267.php
How can you get a zero as your credit score?
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.
Is 215 a good score?
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.
If you transfer all your credit card balances into one account would that affect your credit score negatively?
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.
How is 636 for a credit score?
A score of 636 in most credit scoring systems would be considered below average.
You had a judgment deleted from your credit report due to a misunderstanding with the credit bureau how many points will your credit score increase?
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.
What would be my interest rate for a new car credit score 704?
If you are allowed a loan your interest rate would not differ because of your credit score.
