answersLogoWhite

0


Best Answer
Copy

Financial institutions do not calculate your credit score..Credit scores are calculated by credit bureaus..It's kind of like a horse race..You would bet on the horse, based on its last race..Not some race 6 months ago..Credit scores can change monthly.

User Avatar

Wiki User

โˆ™ 2006-04-03 14:31:41
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Add your answer:

Earn +5 pts
Q: Why do some financial institutions consider the current month to calculate the credit score?
Write your answer...
Submit

Related Questions

Where can one find Cost Refinancing online?

For cost refinancing, it may be best to check with one's current financial institution. Should they not be able to fulfill one's needs, one would be wise to consider changing financial institutions. All respectable financial institutions should have official websites and offer their customers cost refinancing services. If they do not, use somebody who does.


What are the best sources for checking interest rates?

Interest rates for checking accounts can be obtained through individual banks and financial institutions. In many areas, the local newspaper will list current interest rates for each financial institutions weekly.


What parameters you consider when you calculate the current consumption of a 40 watt fluorescent bulb?

voltage, current and power factor


How would I know the current mortgage rates?

Yes, there is a online resource center that provides current rates for mortgages for various financial institutions. The name of the website is: www.bankrate.com.


What financial institutions currently offer refinancing solutions for home owners?

As a current home owner you should ask your mortgage provider if you are able to re-mortgage. Freeing up some spare cash for roof and other home improvements. Or you may wish to visit your current loan provider. If you are in good financial standing with them, they will consider increasing your loan or offering you a new one.


What is the definition of banking sector?

financial institutions that conduct current accounts for customers and enable customers to pay and be paid by third parties


Where might one find information about a second mortgage rate?

Local banks and financial institutions have the most reliable and current information about second mortgage rates. Some common banks and financial institutions include TD Canada Trust, Bank of America, and Royal Bank.


What are the current problems facing by non banking financial institutions in bangladeh?

The current problems facing by non banking financial institutions in Bangladesh are gaining increased popularity in recent times.The major business of most NBFIs is leasing some are also diversifying into other lines of business like term lending, housing finance, merchantbanking, equity financing and venture capital financing.


Which financial institutions offer the best mortgage rates online?

There is a website dedicated to comparing the best mortgage rates online that financial institutions offer, this website is known as bankrate. Alternatively the website realtor deals with many things relating to purchasing and improving your home including guidance for what are the best current rates.


Where can current home loan rates be compared?

One can compare the current home mortgage loan rates at the Canada Mortgage website. All major financial institutions are listed with interest rates for various terms listed.


Duties of finance minister?

Indian Finance Minister is the head of Indian Finance Ministry which deals with taxation, financial legislation, financial institutions, capital markets, center and state finances, and Budget. Current Finance minister is Arun Jaitley.


What are the finance functions of a financial manager in current scenario?

what are the finance functions of a financial manager in current scenario?


Who is the current CEO of Toyota Financial Services?

Takuo Sasaki is the current CEO of Toyota Financial Services.


Is cash a financial asset or a real asset?

financial-current asset


Where can one find loan officer work?

Loan officers are normally employed within banks or financial institutions. A good place to start looking for work is to use an online job website such as Monster or Job Site as these host job adverts for many employers and results can be filtered according to location or salary. Alternatively, approach the financial institutions directly to ask about current vacancies.


What banking institutions offer the lowest interest rate for auto loans?

Try using Bankrate's online auto rate calculator that compares the current loan annual percentage rates from different financial institutions in the area of your choice. Also credit unions often have the lowest interest rates.


Who is the current financial minister of india?

*


How to Calculate current if voltage known?

to calculate the current you also need to know the Resistance if you are to use this formula current = voltage divided by Resistance


Which bank offering the lowest mortgage rate at the current time?

You can search many institutions or banks or lenders in your area and get the content of each of them about the quotes that they offer. Be certain to present your financial information below prepared and honesty.


How come you can't get a studentloan at most financial institutions?

With the current economy it has become increasingly harder to get any type of loan with most financial institutions, not only student loans. Unless you are a student with excellent credit or have a co-signer with excellent the chances of getting the loan is very small. Now more than ever, your credit score is very important, it is recommended that you have a score in the high 500's.


How do you calculate net current assets?

It is current assests minus current liabilites


How do you calculate DG set current?

To calculate the DG set current, you need the load current and the load voltage. To convert it into kilowatts it is divided by 1000.


How can calculate the current of 3 resistors wired in parallel?

Calculate the current of each resistor independently, then add the three currents together to get the total load current on the voltage source. If the source is a current source instead of a voltage source you need to calculate the voltage drop across the paralleled resistors, then calculate the current through each ressistor if you want it. The total load current is simply the current of the source.


How do you calculate voltage drop for starting motor current and how to get the starting pf?

How do you calculate voltage drop for starting motor current


Calculate the size of cable according to current?

Yes, you calculate the size of cable (wire) according to current of the connected load.