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A credit score rating is not hereditary. If your parents have bad scores, it doesn't affect you, unless they are deadbeats and applied for a loan under your social. You build your own credit score, which under 650 is generally considered poor.

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10y ago

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Name one advantages of check credit report?

A credit check report is a good thing to have because it can see how good or bad your credit rating is. if your rating is bad it may give you tips to improve it or if its good it will tell you that you dont need to do anything.


How long does a bad credit score stay on records?

it currently takes 7 years for something to come off of your credit report


How do you report a bad credit risk?

you can call your credit reporting agencies, you can also compare your three credit report from your credit reporting agencies this ezcreditrepairsolutions(dot)com(slash)credit(dash)report(dash)score(slash) from different credit reporting agencies, They provide a lot of great information for improving your credit score, and it worked well for me.


How do you raise a 510 credit score and have nothing in collections?

By paying your bills on time. Also just waiting bad credit only stays on your report for 7 years


Does having a checking account improve your credit score?

No, a checking account is not correlated to your credit score. The only reason why you have to give your social security # is to prove that you have no outstanding debt with any other banks. ______________________________________ Actually, there is a correlation. Having a checking account doesn't improve your credit score, but you can be accepted or denied an account based on it. If you have bad credit, or no credit, you may be denied from a variety of bank checking accounts. I was told by my lawyer it does improve your credit if you keep your checking account in good standings he said the bank report it monthly to the crdit bureaus thats just what i was told

Related Questions

Is a credit score of 510 bad?

It is a mediocre score. As a side note: every time you check your credit, your credit rating goes down. Yes, any score under 600 is considered "bad".


What credit score is perfect credit and what score is considered bad credit?

Credit score that is around or more than 700 is considered to be good and score below 500 is considered to be bad. It is always advised to constantly monitor your credit score.


What credit rating number would a loan officer considered bad credit?

Credit scores range from 300 to 850. Generally a loan officer would consider a score below 620 to be a sub-prime, or bad score.


Is 444 a good credit rating score?

No. It is quite bad.


Is your score 611 a bad credit in Canada?

Yes, it fits in the "Poor score" category. See link: http://www.buzzle.com/articles/credit-score-rating-scale.html


What is considered to be bad credit?

The credit score range lies between 300 and 850. A bad credit score may fall between the numbers 300 and 660.


Is a 500 credit score considered bad credit?

no 500 is a good credit


What is a bad credit score?

425 is a bad credit score.


What is the lowest possible credit score you must have to obtain a bad credit loan?

In order to obtain a bad credit loan a person has to have a credit score is 620 anything below that would be considered high risk.


Does your bad credit rating affect your children if they live at the same address?

no it does not affect your children's credit rating. credit score is based on how an individual uses credit, not on how other people uses credit. what possibly may happen is children may learn thier parent's bad credit habits. if a consumer needs a co-signer (parent) then if the parent has a bad credit rating that will affect the loan


Is a credit score 634 good?

If you go by TransUnion, a 634 credit score is fair. If you go by Experian or Exuifax that is considered poor. As of 2008 a 634 is definitely a bad score.


Is 650 a bad credit score?

The credit score 650 is really not that bad. With a 650 credit score you can finance a home or car.