Name everything that effects your credit score.?

Answer 1

paying as agreed-good
30 day lates -bad 60 days worse-90 days worsen 120 days even more so 120 days and then there is the charge off that then goes to collections
Foreclosure -really bad
Repossession really bad
frequency of delinquency--bad 30 days late --caught up -- 30 days late again- bad
limit on bank-- revolving card limit is $2000 --balance $1985 -bad
$2000--balance $200-- good
pubic records --bad this is anything that has been files in courts. Judgments --bankruptcy ect
last but not least is inquires into your credit. multiple credit pulls will reduce your scores.; car dealers will shot gun a loan to 20 different lenders and your scores could drop 50 points in one afternoon. it will take several months to rebound.

Answer 2

-Inquiries (ie getting an apartment, applying for a credit card, making an inquiry yourself as to what your score is)
-Paying bills (on time is good, late is bad)
-Major purchases (ie furniture, a car, etc)
-Cell phone bill (not paying it can actually damage your credit. However, this is not true of prepaid phones)
-How much money you make (honestly, it's unfortunate, but if you don't make much money, or if you do not have a stable job, you will not be able to get credit)
-Amount of debt you have, and debt to credit limit ratios (if your credit cards are more than 1/2 way to thier limit, that can be a bad thing for you)

Basically, your credit score is a measure of how much debt you can get yourself into and pay yourself out of. Never having credit cards or regular cell phones at all can leave you with a credit score of 0. On the other hand, having too many bills that you cannot pay will severely damage your credit as well. The best option to build credit is to have a regular credit card (especially a Visa or MasterCard) that you use occasionally and pay quickly.

Answer 3

Seems like anymore, not breathing correctly will effect your credit score. Knowing that this is not really true though, anything to do with you borrowing, opening lines of credit, banking, anything and everything that can be put on your credit report, good or bad will effect your credit score.

Answer 4

Alot of things:Payments, Non Payments,Too many Credit checks, late payments, Revolving loans, credit card accounts. Anything to do with loans and credit can effect your credit score!

Answer 5

All open lines of credit you have or had. Everytime you don't pay a bill, even your cell phone bill it goes on your credit. You should always try your hardest to pay all of your bill on time, as negitive remarks lower your credit score. FYI if you are one of those people who is always 30 days late then it is better for you to continue to be 30 late. This is called a rolling 30, although it happens every month, it is consistant and therefore only counts as one late. Rather than making your payments late and on time, which will count against you over and over again.

Answer 6

Late Payments, defaulted loans, repossessions.
Anything you owe money on, like with a loan, that you have not followed the contract on. Also having no credit is just as bad as having bad credit- when trying to get a loan..
and the best way to build credit is through small jewelry loans, when you pay them off, it's very good for your credit score.
hope that helps cutie :)

Answer 7

No one has mentioned that having too high a balance on your cards will affect your credit score too.

Answer 8

paying your bills on time, taking out loans, basically your credit score shows how much money you borrow and how capable you are of paying in back in a timely manner.

Answer 9

everything you buy comes back at some point to effect you.. everything you use... everything you rent...geeeezzzzz everything you pay everything you don't pay...they got you coming and going....and they like less inquires and outstanding debit on your credit report to give high numbers... go figure