Your credit score is quite possibly the single most important measure of your creditworthiness when you’re applying for a new loan or credit card. Home mortgage lenders and credit card companies will not only use your score to determine whether or not to extend you credit, but also what interest rate you’ll pay for that credit.
While the exact formula used to calculate your credit score is not known, and contains a number of different components, we do know that certain types of activities can result in a significant drop in your score.
Here is some credit card advice on... Articles Tagged ‘credit score change’
6 Credit Hits That Can Lower a Credit Score by 100 Points or More
Your credit score is quite possibly the single most important measure of your creditworthiness when you’re applying for a new loan or credit card. Home mortgage lenders and credit card companies will not only use your score to determine whether or not to extend you credit, but also what interest rate you’ll pay for that credit.
While the exact formula used to calculate your credit score is not known, and contains a number of different components, we do know that certain types of activities can result in a significant drop in your score.
Here is some credit card advice on...
Thursday, March 7th, 2013
Your credit score is quite possibly the single most important measure of your creditworthiness when you’re applying for a new loan or credit card. Home mortgage lenders and credit card companies will not only use your score to determine whether or not to extend you credit, but also what interest rate you’ll pay for that credit.
While the exact formula used to calculate your credit score is not known, and contains a number of different components, we do know that certain types of activities can result in a significant drop in your score.
Here is some credit card advice on... How Often Does Your Credit Report Change?
Friday, December 7th, 2012
Your credit report – and the credit score that’s calculated based on the information on your credit report – plays a significant role in determining how much you’ll have to pay in interest charges whenever you take out a loan. In fact, your credit report will likely be the primary factor in a lender’s determination of whether or not to make a loan to you in the first place.
It’s important to understand that your credit report is a living and breathing document. Many different things you do will impact your credit report, and your report will change based on...
Loading ...
