Best Answer

When people are in credit debt, they often wonder what their score is. The best score you can get in credit debt depends on many different things. You should ask your credit card company for this type of information.

User Avatar

Wiki User

โˆ™ 2011-10-11 17:30:15
This answer is:
User Avatar
Study guides

Credit and Debit Cards

20 cards

The law is derived from three main sources what are they

If there is an erroneous payment then

These funds last 5 years have limited use and cannot pay for new obligations

How do you know which transactions are awaiting your approval

See all cards

Credit and Debit Cards

21 cards

The law is derived from three main sources what are they

If there is an erroneous payment then

These funds last 5 years have limited use and cannot pay for new obligations

How do you know which transactions are awaiting your approval

See all cards

Math and Arithmetic

20 cards

Please Evaluate this algebra expression -4 -3

Joe borrowed 8000 dollars on a one year note at 13 percent how much will joe owe when the note comes due

How much time will a 500 investment need to earn 100 in interest at a rate of 10 percent per year

1000 dollars in a savings account pays 7 percent interest per year The interest earned after the first year is added to the account How much interest is earned on the new principal the following year

See all cards

Add your answer:

Earn +20 pts
Q: What is the best score you can get in credit debt?
Write your answer...
Related questions

Where can I get debt consolidation?

You can get credit score advice and debt consolidation information from your banker. They can order a credit bureau score for you and tell you what your score is, how to clean up your credit and perhaps lend you funds to consolidate and pay down the debt faster.

Does the amount of a debt affect your credit score?

Absolutely. Your credit score is based on the amount of money you owe, have owed or are in arrears. There is a formula used to compare your income to debt ratio. The higher the debt compared to your income, the lower your credit score.

Will any debt reduction services help raise my credit score?

There are several companies that will help with debt. These companies may help with your credit score by removing debt.

Can one use debt consolidation to receive a loan if one has a bad credit score?

There are some financial institutions that will loan money to those with a bad credit score for debt consolidation. To get the best rates and have the best chance of success, it would be best to put something valuable up for collateral.

When should you close unused credit cards and will this hurt or help your credit score?

Usually closing accounts will hurt your score because if you have debt on other cards, your debt to available credit ratio will rise and it can ding your credit score.

How do I consolidate my debt to improve my credit score?

The best way to consolidate your debt is to go to your bank and speak with their consultant. They usually have a department to help you with reducing your debt.

Do liens affect credit score?

Yes. All debt is considered when calculating your credit score.

What are some ways to clean up a credit score?

Some ways to clean up a credit score is to start paying bills on time, reduce credit card debt, and open a bank account. Those are the best ways to clean up a credit card score.

When a negative remark falls off the credit report after 7 years does it lower the credit score or swing it higher if the debt was never paid?

When the negative debt is completely erased from your credit history, your credit score will experience an upward swing. Also, the longer time goes by and you have clean clear credit (and the debt is still on your report), your credit score will improve.

Does one's Debt to Income Ratio affect the refinancing of a home?

Yes. Your debt to income and available credit ratio is used to determine your credit score. You credit score is an indication to the finance company of your credit-worthiness.

How to consolidate debt and get a better credit score?

Christian Debt Consolidation is the best they either do not charge a fee or a very small fee to help consolidate your bills. Also all balances on credit report must be half or more paid to keep a good score.

How good are debt management plans?

Debt management plans are very effective in paying helping you pay off your debt without affecting your credit score. The sooner you pay off your debt, the less stressed you will and the better your credit score will be.

To purchase a home what is more important debt or credit score?

Both. Your score is irrelevant if you have tons of debt and can't afford the mortgage payments, and your debt is irrelevant if you have a 450 FICO score.

Does accepting a pre-approved credit card lower your credit score?

Generally, anything you do that takes on more debt will lower your credit score.

How long does it take for credit score to go up in rating after paying off debt?

How long does it take for credit score to go up in rating after paying off debt?

How does credit card debt effect credit scores?

Having a large amount of credit card debt can take a toll on one's credit score. Ignoring your debt and not paying it off will certainly bring down your credit score making it very difficult to get other loans or even buy certain items.

How does an agreement on a Chase credit card debt settlement offer affect your credit rating?

A debt settlement offer has no bearing on your credit rating or score. It is only an offer, a proposal. Your credit rating is based on how you have paid the debt in the past 7-10 years. Your credit score is a numerical picture of your assessed risk as a borrower, based on the information in your file at the time the score is requested.

Does consolidating debt loan help improve your credit score?

A debt consolidation does absolutely nothing to improve your credit score. Consolidating debt causes you to simply borrow more money to pay off old debts.

Does your credit score drop at a certain age?

credit score is not based on age but how you handle your credit....handling your credit well and your score goes up.....handle your credit bad, as in having a lot of debt and not paying on time brings your score down.

If a collection agency is after a small amount of debt and you pay that amount in full how will this payment improve your credit score?

It can improve your credit score a little, but to make the best improvement possible contact them and negotiate to have them remove their listing on your credit reports completely in exchange for your payment in full. This will help your credit FICO score the most.

Will your credit score go up after a cash out refinance on your home and you used the cash out to pay off all existing debt minus the house if so how long should this take?

For example, if your score is 600 and you have three credit cards with a house, your score may not change much because you are just exchanging one debt for another. The longer you pay on any debt, can help you increase your credit score. Increasing your credit score is a time sensative project.

Will a new loan to combine all my debt really increase my credit score?

yes, a new loan that combines all of your debt will actually increase your credit score. it wil help give you a much better credit score regardless of how it looks currently and evn if its bad this should help. Debt loans are a good idea because they can help you pay off your debts and this makes for abetter credit score and rating.

Can you get a home loan with a 640 credit score and 2 charge offs?

Yes, you can get a mortgage with a 640 credit score and four charge offs. Obviously, the better debt to income ratio, better credit score, and fewer negatives all help in securing the best loan possible for your situation.

How can I get a higher credit score?

You can take steps to improve your credit score. The number of variables that play into an individual score. Tips on how to raise your credit score and manage credit responsibly, including paying bills on time, paying off debt, and managing credit history.

Are debt consolidations bad for your credit score?

Yes, debt consolidations can be a negative factor on your credit reports. Though it is probably worth it to consolidate your debt rather than go deeper into debt, which will hurt your credit even more.