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13y ago

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Does your credit report get worse if you max out a credit card?

Your credit score gets lower.


Where can I find credit counseling to raise my score?

Credit counseling does not always work and may actually make your credit score worse. There are no quick fixes to raise credit scores and just pay your bills.


Can you get a Bank of America mortgage with a low credit score?

Yes, they can take anyone with a low credit score. You may have to pay more up front, but it is possible.


Where can one look to find a poor credit mortgage lender who can help regardless of bad credit?

Finding a credit card with a bad credit score can be hard. The more you get refused, the worse your score gets. It is often suggested starting with a secured credit card to improve the score. Secured credit cards can be obtained at American Express and other providers.


How high credit cards affect your credit score?

High Credit card balance affect your credit score negatively. See, the debt to credit ratio makes up 10% of your credit score. This means the amount of money you owe on a credit line. The more you owe, the worse it hurts your credit (maxed out cards do the most damage). It is recommended to try to be below 30% of your line of credit.


How does someone qualify for Hertz gold?

Anyone can just about qualify for Hertz gold. the only factor that there is in this, is that you have to have a good credit score. Without a good credit score, you do not qualify.


Does paying off old bills improve your credit score?

it does not actually improve the score but if they are already turned over to the collection agency - it will just make credit score get worse and worse. the only way to improve score is by paying everything off ON TIME and letting time take it's course. Most bad stuff will drop off within 10 years


Will allowing your car to be repossessed when you already have 2 credit card chargeoffs on your credit report have any worse effects?

YES! It will lower your FICO score a lot!!


How does one increase their credit score in a short period of time?

You can't drastically change your credit score in a short amount of time. I mean you could try to repay your debt; however, try to pay it back all at once because if you pay old debts back then it will look like you have worse credit score.


Is the credit score of 583 a good score?

583-619 is bad credit score in credit score range


Can you get a mortgage with a credit score of 491?

It is highly unlikely that anyone would loan you money to buy a house with that score in this market. A score below 500 means you have some serious derogatory items on your credit report and/or you haven't established enough credit history. Lenders want borrowers with a long history of good credit". Take steps to improve your credit.


Why did your credit score drop?

Typical factors in a declining credit score are late/default payments, a high ratio of account balances versus accoung limits (e.g. $500 debt on a $1000 card is worse than $500 debt on a $2000 card), and recent credit inquiries.