It depends back in January of 2006 I was prequalified for a WellsFargo credit card with a 1000.00 credit limit and my credit score was between 600-620, since then to date my credit score has dropped to 578-599 and I have received two credit limit increases from them , this could be because a credit card company doesn't base future increases souly on your credit score once you are an established customer but on your payment history and credit limit management skills.
www.wellsfargofinancial.com
I am a mortgage broker. You need a FICO score to buy a home. If you have no credit, keep open at least one credit card so you can build some tradelines.
There is no starting credit score. The FICO credit score ranges from 300 to 850, but if someone doesn't have any credit at all, the score will be reported as N/A. According to the Fair Isaac Company (FICO) you need 6 months of account information in order to get a FICO credit score. The score itself will be determined based on several factors such as your utilization rate, type of account, payment history, inquiries, etc....
It's too difficult to say exactly what FICO score you would need to be approved for anything since each financing institution has different criteria for approvals. Gasoline and department store credit cards are usually easier to get than credit cards (Visa, Mastercard, etc) but also tend to have higher interest rates.
what credit bureau does discover use
There's no need to have a credit card to get your credit score. You can use various web based services in order to get your credit score for free -- no credit card required. See the source links for links to sites that can help provide more information on checking your credit score.
Canceling cards usually does lower your FICO or credit score; if you have a balance on a card, pay it off or transfer the balance to a lower-interest card. Then take scissors and cut up the old card (and any new ones they send you in the future). But then you don't need to actually cancel it.
"Usually you will need your SSN. as well as an identification card or the numbers on it and proof of residence. Most require a source of income to be proven, as well as a minimum FICO score."
No, but it doesn't help your credit score either. In order to build and maintain your credit score, you need to use credit on a monthly basis.
The best place to go on the internet for information regarding their FICO score is the website called myFICO. The site provides everything one would need to know about their FICO score.
Your credit score. That's a little under whats considered "good" which would be 640-850. You may need a co-signer.
In order to get a business credit card with no PG you will need to have a strong business credit score. That is the first step.
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.