Improving Your Credit Rating

I know it sounds a little goofy but, your credit score is based on your credit history. Once you pay something off your credit history is completed for that particular account so your score drops a little. Having said that, I certainly don't recommend that you keep a lot of bills open just to keep your credit score high. A credit card where you maintain a small balance with most of the credit line available and paying your utilility, phone and rent or house payment on time or a little early will keep your credit score pretty healthy.

Yh :D

There are many different types of formulas used to figure out credit scores. Each formula has a different range. In all of the examples below, a credit score of 828 is possible.

FICO Fair Isaac Co.

FICO Score*

300-850

Equifax

ScorePower Score

300-850

Experian

PLUS Score

330-830

Experian

Vantage Score

501-990

TransUnion

TransRisk Score

400-925

It is because Direcror is a sperate entity from the business, at the same time to satisfy the Business Entitty concept it has to be credited and when time comes he will repay as a liability only

The Beacon version 5.0 is the formula which was created by FICO (Fair Isaac Company) and is used by Equifax to calculate a credit score.

Considering that the average FICO score in the US is 680, your score would fall just below average.

I've been doing some researching on this topic. I'm being told you have to have a score of at least 620.

You may obtain your credit score for free without a credit card or any obligation from CreditKarma.com (TransRisk Score) and CreditSesame.com (Plus Score).

you could not if you get bad marks.

Absoutely! Any unpaid bill on your credit report will lower your credit rating, and can result in financial institutions refusing you loans, as well as credit card companies not approving you for any credit cards you may apply for. It will also result in your interest rate being raised on any you may already have. And there are some companies that, when you apply for a job with them, will not hire you if you have a poor credit rating.

And, last but not least, it's the right thing to do.

Yes, if they sit with zero balance continuously, they can and often do. Close them out if you can otherwise, make small purchases each month (ex: fill your gas tank once a month) and then send payment immediately thereafter thus avoiding finance charges. I would reccommend not waiting for the bill. Spend $20 and send $20. That actually increases your score.

www.fico.com has more info

The only way it can help is that it makes the balances zero. Having constant balances on your cards, especially high ones, hurts your score. Pay them to zero and your score will increase

RPI LD is Real Pages Inc. This is a web resource that landlords use when they need to check the credit worthiness of potential tenants.

No it helps it if you make timely payments.. but you are equally responsible to repay the debt. Also, it takes away from your available credit so make sure it is something you really need to get in debt for. If you mean co-signor, YOU are responsible for all the debt and it goes against your credit entirely even though the other party is "supposed" to be responsible.

"Affect" doesn't necessarily mean something bad. Yes, being a co-applicant affects your credit. If you are a co-applicant, it is usually affects your credit the same way it would if you were the only applicant. If the loan is repaid in a timely manner, it affects your credit positively. If the loan is paid back in a non-timely manner, or if it is defaulted on, it affects your credit adversly.

Keep your utilization rate at 20% or less.

Keep your oldest accounts open, do not close them.

Do not apply for credit more than once every 6 months.

Pay your bills on time.

GECRB = GE Capital Retail Bank

DLDD = Dillard's

It is a Dillard's Credit Card.

Yes it can if you keep the payments up, on time. Your bills for rent, electricity, phone and so on are also a big part of your credit score. Your credit score can be a little complicated but, for the most part, if you pay your bills on time your credit score will be a good one. Probably the most complicated part for average people is a credit card. If you have a credit card and your balance always runs pretty close to your credit limit, your credit score will be lower. On the other hand if you owe 10 to 15 percent of your limit it shows that you know how to manage your credit.

Credit Cards greatly impact a credit score. In fact, 30% of your credit score is determined by how well you use credit cards. (Utilization Rate). You want to keep your Utilization rate at 20% or less of the credit limit.

same as a citizen, unless, their a illegal foreigner . More then likely you will just have a processor serve you

Experian, Equifax, and TransUnion.

They all use the following means to calculate a credit score:

»Payment History 35%»Amounts Owed 29.5%»Length of Credit 15%»Credit Variance 10%»New Credit 10%»Personal Information Variances 0. 5%

NO. Only the primary and/or joint owners are responsible for paying the owed balance, even if all charges were accrued by an authorized user. They are also the only ones 1) held accountable if the bill is not paid and 2) whos credit rating is affected.

Credit One

You may be a victim of identity theft or may have your credit report merged with someone else.

This is what you do:

1. get a copy of your credit report

2. Go over the reports, look for any accounts or inquiries you do not recognize

3. If you find account you do not recognize contact the 3 credit bureaus.

4. If the accounts are verified, contact your local police department and fill out a police report.

5. Fill out an identity theft affidavit and mail it to the FTC, Credit bureaus, questionable account creditors.

6. File a complaint with the FTC.

7. Contact the credit bureaus Again.

If you don't want to do this yourself, you may hire a credit repair company to help you resolve this issue.

As long as your balance is never more than 20% of the credit limit, it doesn't matter.