It will a lot if you do not pay it off. If you do it wont that much.
i couldn't find a place to edit so i had to answer. Please help
Here are the Details....
At a credit union. A loan. $400 (you get with $400 collateral) How many points will it affect your credit score, in the end..?
Please HELP!
i have a default on my halifax loan account certain aspects of this loan ppi is in the hands of the ombudsman will this effect me getting credit i want to by a car many thanks Tony Dermody
Yes. Both are installment loans and will build, or destroy, your credit score depending on how the debt is managed.
it will be $1 please
Can I get a car loan of 11000.00
Lenders decide how much money to loan based on your income, credit score, and what type of loan you are looking for. Also, if there is collateral to back your loan.
It depends on where you get your loan, how much collateral, and why your score is 649. Don't be fooled by credit scores. They don't mean what they say they do. I have a credit score of zero and my credit is excellent.
i have a default on my halifax loan account certain aspects of this loan ppi is in the hands of the ombudsman will this effect me getting credit i want to by a car many thanks Tony Dermody
Yes. Both are installment loans and will build, or destroy, your credit score depending on how the debt is managed.
it will be $1 please
Can I get a car loan of 11000.00
Lenders decide how much money to loan based on your income, credit score, and what type of loan you are looking for. Also, if there is collateral to back your loan.
Probably not very much. Credit scores are built around paying on time, how much you currently owe, and how long you've had credit. Paying off a loan won't raise your score much, but an on-time paying history for that loan will be a real good thing for your score and report once it appears.
My credit score is 606 at the moment,i just have my loan mod done and final. I'm making my payments ahead of time,How much my credit score can go up within a year of making payments on time. Thank you for your answer.
Yes, banks do offer loans to help spruce up your yard. They check your credit score and if you already have a loan out, and if you are paying on that loan and also how much your paying on that loan. If you don't have a loan out already and have a good credit score you can get that loan quicker.
Your credit standing is is determined by the information on your credit report which is then calculated into a credit score (300-850). Basically, it shows the likelihood of you repaying a loan and how much of a credit risk it would be to loan you money.
In many cases, the interest rate for a poor credit loan is much higher than a loan you could get with a good credit score. Because of a low score, a business has to take a chance in giving someone a loan (for fear that they may not pay it back), which leads to the higher interest rate.
The answer depends on the reason behind the credit inquiry. If this was for a car loan or mortgage application, the bureaus do allow for "shopping time" for these types of transactions. You will have 30 days to initiate any number of similar inquiries (home or car loan) and it will only have the same effect as one (in other words, if you apply at 5 different mortgage lenders, all 5 credit inquiries will only count as 1, until the 30 days expire). If this was for a personal loan, credit, or other transaction, then yes, each inquiry will count against your score, but typically the worst credit inquiries can affect your score is 10 - 15 points max. and it would take quite a few to effect your score by even that much. Furthermore, they fall off after only 2 years, so they really have a very minimal effect on your FICO. Hope this helps!