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What’s the best way to check your credit score for free?

admin — Tue, 17 May 2011 02:10:21 +0000

Question by Brandon: What’s the best way to check your credit score for free? I’m looking for a free way to check the actual number. I know I can get a free credit report – but that does not include the “score.” Any ideas? Ideally, I’d like to do this without effecting the score itself too. Best answer:

Answer by CatDad
You will always have to pay for your credit score. Any firm offering a “free” credit score will want your credit card numbers for their monthly credit monitoring service. You can buy your FICO credit score for a one-time, non-reoccurring fee of $ 15.95 at: http://www.myfico.com http://www.equifax.com There is a free credit score estimation service at – http://www.creditkarma.com/ – but this is only an estimation and not the real FICO score.

Give your answer to this question below!

What’s Hurting Your Credit Score?

admin — Tue, 10 May 2011 02:11:12 +0000

Many believe that if they only pay their credit cards bills on its due date their credit score will improve or never decrease. While this is true, to some degree, it is not completely correct. The reason this is not totally accurate is that your credit score is not solely base upon on time payments-or in credit terms, Payment History. Your credit score is base on five different categories: New Credit, Types of Credit, Length of Credit History, Oustanding Balances, and Payment History.

New Credit 10%: Multiple requests for credit (also known as Inquiries) can reduce your score. Multiple inquiries are noted as you either trying to get a high amount of credit (possibly because of lack of money) or you being rejected by lenders and having to apply elsewhere. As a result of their speculation, creditors will view you as a greater risk. So limit the amount of credit cards you apply for. A rule of thumb, have only one credit card that you can pay off at the end of each month. Types of credit 10%: Your score will consider your mix of credit cards, retail accounts, installment loans, mortgage loans, etc…. Also, your score takes into account what kind and how many credits accounts you have. The more bad debt you have (credit cards, store accounts, unsecured loans) the lower your score. However, good debt (mortgages, car loans, student loans) can help your credit score. Length of credit history 15%: Your score takes into account the length of time your accounts have been established. Also, how long it has been since you used certain accounts. This is important to lenders because they want to know your experience in dealing with credit. A novice college student, in many cases, will not handle debt and credit the same way as an established working adult. Outstanding balances 30%: Your total balance on all of your accounts (credit cards, store accounts, installment loans, etc…) and the total amount of credit that is available to you is the most significant factor in determining your FICO score. This is called your debt to credit limit ratio. Owing over seventy-percent on your credit card accounts or “maxing out” on various credit cards can increase your ratio, which is not a good thing, and in turn will decrease your credit score. Maxing out your credit cards or having a high balance implies that you are overextended financially, and are more likely to make late payments or not make payments at all. Payment history 35%: Of course we all know that bankruptcies, collection accounts and tax liens can hurt your credit. But did you know that late payments have an equal or in many cases a greater negative impact on your score than the bankruptcies, collection accounts, and other major credit mishaps? How recent and how frequent the payments are late counts as well. The most recent negative activity has the greatest impact on your score. For example, a 30-day late payment made just a month ago will have a greater impact on your score than a 90-day late payment made two years ago or a bankruptcy file nine years ago.

Here is a chart demonstrating the breakdown of the five credit categories.

Paying your bills on time is not the all encompassing determining factor that affects your credit. By no means am I suggesting being late on your payments! What I am suggesting is to watch your debt load. Too many credit cards and store accounts can hurt your credit, even if you make the monthly payments on time. If you have max out or is close to the limits on your credit cards, this can surely hurt your score even if you make your payments on time. So be wise when it come to your credit. Do not overextend yourself financially; your credit score will increase significantly if you follow this wise truth.

I am a christian women who was born and raised in the South. Shortly after graduating Magnum Cum Laude from Alabama State University with a B.S. in Business Administration, I became an Independent Financial Services Representative with Primerica Financial Services Inc. Primerica is the largest financial service marketing organization in North America.

I am a personal financial planner with over 5 years experience in helping people get out of debt, save for both short term and long term obligations and properly protect their families. I give clients peace of mind by showing them how to prepare for the unexpected. I am FINRA series 6 and series 63 investment licensed. Also, I am life insurance licensed and have certification in debt relief.

I am happily married to DeWight Jackson Sr. We have two wonderful boys DeWight Jr (5) and Joshua(2). We attend Power of Deliverance Church where I serve as treasurer.

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What’s A Credit Score?

admin — Wed, 27 Apr 2011 14:11:08 +0000

Are you as perplexed as most people when it comes to understanding what your credit score means? Simply put, your credit score is a measure of your past ability to make payments on time and manage your credit. It’s designed to help lenders determine how likely you are to pay back your loan.

The number is calculated using a formula created by Fair Isaac Corporation, which is why it’s also referred to as your FICO score. Consumers may feel like they are back in school again, doing everything possible for a few more points to increase their credit score. Today’s economy and the aggressive marketing of three-digit credit scores has practically turned a high score into a status figure – but it’s so much more!

The nation’s three largest credit reporting agencies — Equifax, TransUnion and Experian – use FICO software to calculate credit scores. The information used in determining your FICO score comes from a variety of places including major credit bureaus, credit card companies that issued you a credit card, banks and other financial institutions where you have loans, and other databases containing consumer data that may influence your score. The reporting agencies then sell the scores to lenders that underwrite car loans, credit cards, mortgages, and other types of credit.

Unlike the score you received from the science or math quiz you took in school, this score can have a direct and severe impact on your everyday life! Credit scores now affect everything from car loans and mortgages to credit cards and auto insurance, and even employment!

The numbers are added up and your score is one determining factor in whether you qualify for low cost credit, higher risk credit, or no credit at all. The way the scoring range works, the higher your credit score, the better your credit is. This translates into lower interest rates on loans or other type of credit you may be attempting to obtain. On the flip side, if you have a low credit score you will pay higher interest rates, or possibly be turned down completely.

Lenders, such as bank and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Using credit scores, lenders determine who qualifies for a loan, at what interest rate, and at what credit limits. The most widely known score in the United States is FICO (the most widely used in the mortgage industry), but there are many others, such as NextGen, VantageScore, and the CE Score.

Credit scores have been used by lenders for over 35 years. Because a score does not consider race, sex or ethnicity, it is generally considered to be the most fair and objective underwriting tool available to lenders.

As you can see, your credit score has a major impact on your everyday life, so it is imperative that you monitor your credit report and credit score to maintain the highest score possible. To get more tips and information to assist you in improving your credit score go to http://GetMoreCreditScore.com/info .

Carey Snow is a real estate investor and credit repair business owner who is sharing his credit knowledge and expertise to enlighten consumers about credit and assist them in repairing and maintaining their credit.

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What’s a Good Credit Score – Lesson 6

admin — Mon, 21 Mar 2011 14:12:29 +0000

www.videocreditscore.com – What’s a Good Credit Score – Watch this short video discussing tips to get good credit scores. Video Rating: 5 / 5

In Death Credit Building Strategies and Tips Knowing whats on Your Credit and Building a Better Credit Score

admin — Fri, 11 Mar 2011 11:10:20 +0000

In Death Credit Building Strategies and Tips Knowing whats on Your Credit and Building a Better Credit Score

Learn to avoid the common mistakes that strike many credit scores. This book will provide you with the knowledge to become credit score savvy, providing tips on how to clean up and improve your current credit score. This book is a must have for proven tips and methods to rebuilding your credit score and regaining control over your financial future. You will learn to monitor your credit score, pay down your debt and build your credit score. Building a better credit score is key to getting the thi

List Price: $ 9.99 Price:

What’s the best and cheapest place to get a credit score?

admin — Wed, 23 Feb 2011 02:11:34 +0000

Question by Seeker2008: What’s the best and cheapest place to get a credit score? Basically, my mom is going to be looking into buying a house soon. She wants to check her credit score. Which score is the actual one necessary to check? I’ve seen FICO and all types of other general “credit scores” that could be checked. Which does a mortgage company look for, and just how many different “types” of credit scores are there? I know that a credit score is a summary of the creditworthiness based on one or up to all three of your credit reports. But where is the safest, cheapest and most reliable place to purchase a credit score online? Best answer:

Answer by SmartA$ $
Don’t pay for your credit score, and don’t sign up for some credit monitoring service with a bunch of fine print and a monthly fee after the free trial period. Just go to the bank, sit down with a loan officer and start talking. Have as much info available as you can, such as tax returns to prove your income, etc etc. Tell them you don’t know your credit score and ask if they can check it for you. They’ll pull it up and give you a printed copy with your report and score from all 3 credit agencies, 100% free with no strings attached and no trial period plans to cancel. Another advantage of doing it right there at the bank is that you can discuss the credit report with the loan person and they can give you tips on what to do to improve your credit to help you qualify (if necessary) or let you know how your score is going to affect your loan options, rates, etc.

Know better? Leave your own answer in the comments!

FAQ about the credit score and credit limit (whats my credit score)

admin — Thu, 17 Feb 2011 17:15:01 +0000

This article is about questons like: the credit score and mortgage, credit score and loan, whats my credit score, credit score and credit limit, etc.

1. How many credit cards should I have?

The number of your credit cards has no impact on your credit score. You can still keep those credit cards that you don’t want to use. If you cancel these credit cards, the length of your credit card history will be affected. This will have a negative impact on your credit score.

2. Is the credit limit the higher the better (for the credit score)?

Generally, if a credit card have a high credit limit, its “use of credit” will be low. This will have a positive impact on your credit score. Another good thing about the high credit limit is that you can get a better credit limit if your average credit limit (from your credit report) is high when applying for a new credit card. In the old days, the banks did not like loan applicants with a high credit limit, especially when you applied for the housing mortgage. But they do not care about this issue now.

3. How to raise my credit limit?

(1). You can call your bank or credit card company to ask for an increase on your credit limit every 6 months. (you will have a better chance to get an increase if you just returned a big amount of money recently)
(2). You can ask for an credit limit increase if you are planning to buy big stuffs (like computer, DC, DV, etc).
(3). Use the credit cards from MBNA, AMEX, CHASE or PROVIDIAN. These credit card companies are generous with their credit limit.(you can get more “whats my credit score” info from our site)

4. Do I get a inquiry in my credit report if I ask for a credit limit increase?

You can ask your credit card companies’ customer representatives about this issue. Generally, If it is a pre-approved application, there will be no inquiry to your credit report. If you will need to fill out lots of forms, this credit limit increase application will probably put a inquiry to your credit report.

5. I don’t spend a lot of money with my credit cards. How to produce some balance in my credit cards’ bills?

(1). You can help your friends to buy big stuffs. (with your credit cards)
(2). Pay your tents with the balance transfer checks (from the credit cards with no transaction fee).
(3). Do some balance transfer (BT) if there is no transaction fee for your credit cards’ BT service.
(4). Pay minimum during the “0% APR on purchase” period. (you can get more “whats my credit score” info from our site)

6. What is the best rate for “balance / credit limit” ?

Actually, what matters for your credit score is the “total balance / total credit limit”. 1-2% is the best rate for you to improve your credit score. If you use more than 50% of one credit card’s credit limit, this will have a negative impact on your credit score. If you are planning to apply for the housing loan or car loan recently, you can increase your credit score by decrease your balance of your credit cards. Your credit score can be improved significantly by controlling this “total balance / total credit limit” rate. (you can get more “whats my credit score” info from our site)In my point of view, the credit score is not that import for you, especially when you are not planning to apply for the housing loan or car loan. You don’t need to care about this too much when making purchases.

By Shane Lee. Date: 05/27/2009.

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Free Credit Report: What’s It and Its Advantages Of On the net Reporting

admin — Thu, 03 Feb 2011 05:15:00 +0000

Let’s face it – something that is free generates interest. Since all the pieces has a price, anything that’s labeled “free” is bound to get individuals talking. The reason behind this is that individuals would want to minimize costs here and there, wherever they can. That’s the reason a free credit report is something that has gained a lot of popularity lately.
A credit report will be thought of because the report card of your credit information. It signifies knowledge equivalent to where you work, dwell, and how you pay your bills. A credit score report may additionally indicate you probably have ever been arrested or any individual has filed a case towards you. A file for chapter throughout the last 10 years may also be seen on this report. In a nutshell, your credit report says loads about the way you handle your funds and businesses.
Your credit score report also reveals your credit score. The less late funds and lesser delinquent credit accounts, the higher and higher your score. A credit score report may even define a potential business associate’s choice as as to if she or he will do enterprise with you. It may additionally affect the results of a loan you utilized for. Subsequently, a credit score report is one important piece of document.
Monetary specialists counsel that credit score reports ought to be often checked to be sure that there are not any inaccuracies in them. Any deceptive or false data may trigger large issues, so you better be cautious. In contrast to a school report card that’s given periodically even if you don’t ask for it, a credit score report must be requested for. Usually, a credit score report is given annually so you might want to attend a while to see where you might be financially.
Nonetheless, this previous course of has slowly evolved. Immediately, a free credit report, can will let you view your monetary standing anytime and anyplace you like. These free credit check methodology can be obtained from many firms offering the service at no cost via the Internet. You should not have to worry about its credibility since a number of reputable corporations in the present day present you your credit score report, with most of them offering it freed from charge.
After all, it’s anticipated that most people would doubt the safety of getting a web based free credit report as a result of with a view to get hold of one, obligatory details should be provided. Because the Internet is such an enormous avenue, there is a risk that the files and knowledge you provide could also be shared. However, you’ll be able to ease your thoughts as a result of virtually all reliable internet sites nowadays use a particular expertise that gives top-notched safety to make sure your all personal info are saved private.
Keep in mind, constant checking of your credit report will do you good. Should you can monitor your credit score standing, you will be able to enhance your credit situation. It is possible for you to to decide on which space it is best to give attention to enhancing and if you must pay your payments sooner than you usually do. You do not have to attend for the postman to deliver your credit report as well. All you need to do is to take a seat in entrance of your laptop, do a few typing and clicking. Once you acquired your free credit report online, now you can plan on the way to enhance your credit score status to boost your credit score.
Now, not all experiences are given out for free. Some free credit report companies are normally trial variations to a service that these firms offer. Typically, the company will allow you to experience some great benefits of subscribing to a web-based credit score report service by means of the free credit report trial. For those who truly do not intend to pay for something, you’ll be able to at all times decide to not avail of the paid service by not subscribing after the trial period has ended.
Roland R. Wandell

In case you itch for further info in relation to free credit report or compare all three credit reports, stop by the Author’s internet site in a flash!

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Whats My Credit Score?And Why Is It So Important?

admin — Fri, 28 Jan 2011 02:11:28 +0000

First, let’s take a look at just precisely what your credit score is.

Your credit score aka FICA score is a number selected by the big three reporting bureaus, namely TransUnion, Equifax, and Experian. Your credit score number will be between the low of 300 and the high of 900. If a credit score is 650 or higher, this is considered a good credit score and should help you qualify for top rates when trying to obtain a loan.

Is your credit score less than 650? If so, you really need to try to raise it! Why? Justimproving your credit score by only 100 points (easy enough for most of us) can save you a whole lot of coin! More about improving your credit score in just a minute.

Now let’s take a look exactly what your credit score is used for. The chief function of your credit score is, of course, to give lending institutions a way to determine your credit worthiness, and suggest the terms they feel you qualify for.

You may be surprised to realize your credit score may be looked at by a perspective employer or even a perspective landlord!So you see, a bad credit score can touch your life in so many ways!

Now it’s time to answer your question “Whats my credit score?” Well, even though the credit reporting bureaus may offer you your credit report, be forewarned that your actual credit score is usually not incorporated. You can obtain your credit report complete with your credit score by signing up for for one of the credit bureaus memberships, and occasionally these services are offered with a free trial period, that enables you to pick up a duplicate of your entire credit report, and cancel your membership in advance of paying any money.

You may also be able to obtain a free copy of your credit report complete with your credit score if a lender has turned down your application for credit recently
Be aware there are a bunch of sites online that will offer a copy of your credit report,complete with your credit score,for a price, just Google “Get My Credit Score” or “What’s My Credit Score?”

You can also get a copy of your credit report every year, and you can get it at www.Annualcreditreport.com.

Ok, here’s my free copy of my credit report…and it’s below 650! What can I do to improve my credit rating? Here are some techniques that can help:

1. You can begin by getting a copy of your report and look it over thoroughly checking for errors. Don’t be surprised if you find errors! I once found a mortgage loan on my credit report that wasn’t even mine! A 00.00 payment that I wasn’t making, but was held against me, wow, did that ever mess-up my debt-to-income ratio! Those kind of errors are fairly common and tend to be a very easy fix.

2. Don’t ever use all your accessible credit! If you only use about one third of your available credit you ought to be ok. This would show that you have funds available and are in control of your money. If you are above the 1/3 threshold, you can call you credit card provider and ask for an increase of your credit limit, or move money onto other cards to maintain your credit cards below 1/3 of being maxed out.

3. Keep every single one of your credit card accounts open and in good standing. Keep in mind unused credit looks superior to the credit reporting bureaus, although loading up on credit cards isn’t a very good plan either. Just have a few credit cards and make an effort to keep a balance that’s below 1/3 capacity on each.

4. Make it a habit to pay bills on time!! Most important!! Do this every month and your credit score should get better, it’s really that simple. It’s estimated that roughly 35% of your credit score is determined merely by your payment history! So remember, never ever be overdue on any payment, even a library fine! And never, ever, let an overdue bill go to collection…ever!

So regardless of how high (or low) your credit score is, make it your plan to try to raise it by 100 points (or more) and change your life for the better on so many ways. Don’t put it off, get started now!

For more information on credit scores and credit reports visit Improve Credit Rating

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Your Credit Score, Your Money & What’s at Stake

admin — Thu, 30 Dec 2010 05:10:25 +0000

Your Credit Score, Your Money & What’s at Stake

In the midst of the 2008 widening financial crisis, your credit score is becoming more critical to your financial life than it's ever been. That's because lenders are suddenly making it tougher to get credit than ever before and even tougher to get the rates and terms you deserve. Now, MSNBC/L.A. Times personal finance journalist Liz Pulliam Weston has thoroughly updated her best-selling book on credit scores to cover all you need to know to maximize your score right now and save money in the process. This fully updated edition reveals the tough new realities of borrowing and credit scoring in post-crash America and shows why those realities aren't going to change any time soon. Weston rips away the mystery surrounding the industry's massive FICO 08 credit scoring overhaul, and tells you exactly how to use the new system to maximize your score. You'll find up-to-the-minute guidance on: fighting back against lenders who want to lower your limits or raise your rates…strategizing about the number of cards and the outstanding balances you should have now…bouncing back from bad credit and bankruptcy…choosing the right credit "solutions" and avoiding options that will only make things worse. Simply put, Your Credit Score, Revised and Updated Edition , offers a complete, up-to-the-minute action plan that you can't afford to be without. List Price: Price: 15.99