does alot of previous addresses on your credit report effect your score
2006-09-30 01:02:34 · 6 answers · asked by Geno 1 in Business & Finance ➔ Credit
Moving doesn't affect your score, but it will affect getting a loan. If you move every year the underwriters (the people that determine if you get the loan) will be cautious when issuing credit. For credit purposes its good to stay put for 2 years, as it shows stability.
2006-09-30 03:37:15 · answer #1 · answered by Ann507 2 · 0⤊ 0⤋
Yes, moving is one factor that goes into your FICO score. No one knows how heavily each factor is weighted,these are heavily guarded secrets, but moving is one of the factors that are considered when your credit score is determined. I wouldn't worry too much about it though, I dont think it is weighted very heavily, as there are many people who move a lot and still have good credit scores. As long as your other factors are ok it shouldnt make a real big difference.
2006-09-30 04:10:52 · answer #2 · answered by bbumple 2 · 0⤊ 0⤋
in case your balances are over 40% of the credit reduce, inspite of shifting them round - it hurts your score -= also continuously having new accts with very short histories and no accts with lengthy histories will damage your score also = get an element time job to assist pay of each and every of the balances asap and then - do no longer close out the money owed, yet lock the playing cards away and in elementary words use them for emergencies
2016-12-04 01:34:04 · answer #3 · answered by ? 4 · 0⤊ 0⤋
you can read some articles about repairing credit at the resource center of http://www.silverroad.ws
2006-09-30 03:45:45 · answer #4 · answered by caumien 1 · 0⤊ 0⤋
that criteria is not a part of the FICO algorithm
2006-09-30 07:41:33 · answer #5 · answered by DaMan 5 · 0⤊ 0⤋
no
2006-09-30 01:09:55 · answer #6 · answered by fisheater277 2 · 0⤊ 0⤋