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Is unknown status on a credit report negative?
Normally a credit rataing, like for example, the CIBIL rating contains marks or points on which the credit rating of a loan applicant is determined. If the credit rating is high, then the credit rating of that person is good. If the points are low, say for exqample around 400- 450, it is risky to give a loan such a borower. Such a borrower is not credit worthy!!Thus a credit rating either relects a positive or negative score. But the credti rating also indicate "0" (Zero), whichi is an unknown status. We will not be knowing the credut history of the borrower.A "ZERO" credit score indicates that the borrower has no credit exposure so far and he has not availed any loan from any bank. That is why the credit score is shown as zero! Thus a zero credit score does not mean that the credit history of that borrower is bad!! It indicates that the borrower has not so far availed any loan from any credit institution.M.J.SUBRAMANYAM, XCHANGING, BANGALORE
Where can someone find credit cards that have a zero interest rate?
There are several places where someone can go to find credit cards that have a zero interest rate. Websites such as, creditcards, and comparecards, both list credit cards that have a zero interest rate.
How can you get a zero as your credit score?
Typically, if you see a "zero" or nothing as a credit score it is due to the consumer having no credit or not having any positive credit that would contribute to the scoring system. A consumer can have nothing but negative credit on their report and this would not generate a score. A score is normally generated when the consumer has had a loan and/or credit card history.
What options are available for individuals with a zero credit score to establish credit and improve their financial standing?
Individuals with a zero credit score can establish credit and improve their financial standing by applying for a secured credit card, becoming an authorized user on someone else's credit card, or taking out a credit-builder loan. These options can help them build a positive credit history over time.
How can I build my credit with a score of 0?
First, credit scores don't go down to zero. The only way to improve credit score is to obtain credit, use it wisely, pay it on schedule.
Will you get a two thousand dollar loan with credit of 649?
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.
Is unknown status on a credit report negative?
Normally a credit rataing, like for example, the CIBIL rating contains marks or points on which the credit rating of a loan applicant is determined. If the credit rating is high, then the credit rating of that person is good. If the points are low, say for exqample around 400- 450, it is risky to give a loan such a borower. Such a borrower is not credit worthy!!Thus a credit rating either relects a positive or negative score. But the credti rating also indicate "0" (Zero), whichi is an unknown status. We will not be knowing the credut history of the borrower.A "ZERO" credit score indicates that the borrower has no credit exposure so far and he has not availed any loan from any bank. That is why the credit score is shown as zero! Thus a zero credit score does not mean that the credit history of that borrower is bad!! It indicates that the borrower has not so far availed any loan from any credit institution.M.J.SUBRAMANYAM, XCHANGING, BANGALORE
Where can someone find credit cards that have a zero interest rate?
There are several places where someone can go to find credit cards that have a zero interest rate. Websites such as, creditcards, and comparecards, both list credit cards that have a zero interest rate.
How can you get a zero as your credit score?
Typically, if you see a "zero" or nothing as a credit score it is due to the consumer having no credit or not having any positive credit that would contribute to the scoring system. A consumer can have nothing but negative credit on their report and this would not generate a score. A score is normally generated when the consumer has had a loan and/or credit card history.
What options are available for individuals with a zero credit score to establish credit and improve their financial standing?
Individuals with a zero credit score can establish credit and improve their financial standing by applying for a secured credit card, becoming an authorized user on someone else's credit card, or taking out a credit-builder loan. These options can help them build a positive credit history over time.
What does the term 'Zero down' mean?
The term Zero down is short for Zero down payment, which in is in turn granted where good credit is presumed. It serves as an incentive following a high level of trust on the part of lender.
How can I build my credit with a score of 0?
First, credit scores don't go down to zero. The only way to improve credit score is to obtain credit, use it wisely, pay it on schedule.
Are there any zero credit car dealerships in the area that offer financing options for individuals with no credit history?
Yes, there are car dealerships in the area that offer financing options for individuals with no credit history, but it is uncommon to find zero credit car dealerships. These dealerships may require a down payment or a co-signer to secure financing for those with no credit history. It is recommended to research and contact local dealerships to inquire about their specific financing options for individuals with no credit history.
Where might one go to locate available zero percent credit card offers?
There are many places one might go to find a zero percent credit card offer. One might best find a reputable credit card offer at one's local financial institution.
If you pay off an enormous credit debt within a year will it be completely off your credit report once it is paid off?
Every credit company and lender is required to repost to the credit bureaus monthly so it will show a zero balance within a month of paying it off but it will not be completely off you credit report. It will still show the company and original balance of the loan but it will show that the balance is at zero and when it was paid off.
Do zero dollar payments count toward loan forgiveness?
No, zero dollar payments do not count toward loan forgiveness.
Where is it possible to get a zero percent interest credit card?
It is quite hard to find a zero percent interest credit card. IT is best to talk to all of your local banks and find the best value offer for you. Card Hub also compiles card information.
