0
Why is your credit score low since you have not charged anything in 25 years?
Wiki User
∙ 16y ago
A credit score is based on your overall use of credit in all forms, such as car loans, house loans, student loans, and such. The analysis includes other organizations, such as mobile phone companies, insurance companies, utilities and employers.
For more information on how your credit score is determined, see the link I have provided below. If you have ever been denied credit, you can notify the reporting agency and receive a free copy of your report.
Wiki User
∙ 16y ago
Add your answer:
Earn +20 pts
How get unsecured personal loan?
Unsecured loans are on the basis of good credit score since there is no collateral involved. The lender determines your credit worthiness on the basis of your credit score. Since he has no collateral he has to depend on the credit score to decide whether you are a lender's risk or not. If you have good credit score then you can easily get unsecured personal loan from Banks and NBFCs Such as SBI, PNB, Bajaj Finserv etc.
How does a company running a credit report hurt your credit score?
Too many inquires on your credit report can hurt your score since it may appear that you are applying for too much credit at once.
Experion has provided customer credit score data since when?
Experion has provided customer credit score data since the early 1980's. They are an experienced firm that holds their customer satisfaction very highly.
Where can I get a free credit report score?
There are several places that you can look to see your free credit score report. However, it is free credit report but not credit score, since you always need to pay to see your credit score. You can visit http://www.freecreditreport.com/ to see the report.
What fico score do you need for a credit card?
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
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.
What is the credit score you start off with if you have no credit?
If you don't have credit, you **can't** have a score, since they are solely based on your use of your credit. The bureaus return a report saying "no credit information on file".
How get unsecured personal loan?
Unsecured loans are on the basis of good credit score since there is no collateral involved. The lender determines your credit worthiness on the basis of your credit score. Since he has no collateral he has to depend on the credit score to decide whether you are a lender's risk or not. If you have good credit score then you can easily get unsecured personal loan from Banks and NBFCs Such as SBI, PNB, Bajaj Finserv etc.
How does a company running a credit report hurt your credit score?
Too many inquires on your credit report can hurt your score since it may appear that you are applying for too much credit at once.
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.
Experion has provided customer credit score data since when?
Experion has provided customer credit score data since the early 1980's. They are an experienced firm that holds their customer satisfaction very highly.
Where can I get a free credit report score?
There are several places that you can look to see your free credit score report. However, it is free credit report but not credit score, since you always need to pay to see your credit score. You can visit http://www.freecreditreport.com/ to see the report.
What fico score do you need for a credit card?
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
How is a FICO Score different from a Credit Score?
FICO stands for Fair Isaac Corporation, which is a company that calculates the credit score that most creditors use to determine your creditworthiness. So, your FICO score is a type of credit score. They use the information that each of the three credit bureaus (Experian, Equifax, TransUnion) possess on each consumer, and they turn that information into your FICO score. However, there are many other companies, including the credit bureaus themselves, the create their own versions of your credit score, and these scores are often different than your FICO score, since they are not using the same mathematical calculations to come up with your score.
If you dispute something on your credit report can you get a credit score while it's in investigation?
Yes, you can always get a credit score since it is simply an algorithm that is run against a "snap-shot" of your credit report. Disputes don't show up on your credit report - only the results so the resulting score won't be affected by the dispute until after it has been resolved.
What FICO score do you need to be approved for a gasoline credit card?
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.
Is a credit score of 671 good?
671 is a good score thru the eyes of a mortgage lender. Anything over 620 will get you a conventional rate or the street rate you hear offered on the radio or tv. There are a number of different credit scores. Since you did not indicate what credit score you are referring to I am assuming you are referencing your FICO score. You have 3 FICO scores, 1 for each of the major credit bureaus (Equifax, Experian, and Trans Union). The score measures the likihood you will repay your debt. You can help increase your score by paying on time and reducing your debt. The score is also used by lenders for loan decisions and interest rate assignment. The FICO score ranges from 300 to 850. The minimum FICO score lenders like to see is 723. The national average is about 678.
