My credit score is 790 but i have a repo and like 20,000 in dept not icluding my 100,000 home morgage. how is this possible....
2006-06-22 11:44:12 · 8 answers · asked by Anonymous in Business & Finance ➔ Credit
i cant even get approved for any thing
2006-06-22 12:01:23 · update #1
its all old dept from 3 to five years ago i didnt pay any thing back i just dont understand
2006-06-22 12:04:00 · update #2
I could write it all up or just mail the links to where I have already written it all up:-)
try http://credit-cards.ebookorama.com
and and http://finance.ebookorama.com
2006-07-03 07:34:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The older the repo, the less it reflects in your credit score. As for the mortgage it helps that you have one, but only reflects your score if you are late. As for revolving debt, credit bureaus look more at the percent of debt to the available credit like. If you have $20k in debt and a limit if $40k then you are only at 50% usage. One other thing is you may have not inquired for much new credit and that will also help your score. Believe me, credit scores are a hard to figure out.
2006-06-22 11:59:52 · answer #2 · answered by bike bandit 2 · 0⤊ 0⤋
wow. how old's the repo? if it's way back when then it probably ceased afftecting your score. your debt and mortgage don't figure in really unless you're late in making payments which apparently you are not. you have good tradelines with good amounts so you seem to have a "perfect" mix. besides your score is the only thing you should ever be concerned about. with that score, the highest I've ever seen, you shouldn't have to worry about anything. and if it's a mistake, LEAVE IT ALONE. you could actually refinance, get a better rate, and pay off everything you have now.
2006-06-22 11:50:44 · answer #3 · answered by Thank You..Come Again 2 · 0⤊ 0⤋
the worst score i ever observed replace into 212 from Equifax. i assume it could worsen than that. there is, even however, a clean form popping out for the credit bureaus to maintain on with which might shrink the backside end score being around 3 hundred.
2016-10-31 07:49:30 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Your debt to income ration can make a big difference with a creditor even with a high credit score.
2006-06-22 11:55:54 · answer #5 · answered by impactsherry 1 · 0⤊ 0⤋
Why don't you work on fixing the problems that got you there?
www.daveramsey.com
2006-06-22 11:49:53 · answer #6 · answered by snvffy 7 · 0⤊ 0⤋
sorry
2 points
2006-07-06 08:15:01 · answer #7 · answered by manish myst 3 · 0⤊ 0⤋
Have a look here.
2006-06-22 20:40:23 · answer #8 · answered by Anonymous · 0⤊ 0⤋