Credit rating/score?

Question

Who knows how you can find out you credit rating/score and what it should be if its ok/good before you apply for a loan and get turned down

Answer 1

Go to www.annualcreditreport.com and get a free credit report once a year from each of the three major credit bureaus from this one website! You can also purchase your credit score, with a credit or debit card or just get the info from the site to mail away for your reports and scores. You can even get something called a "tri-merge" where all three bureaus will be on one report with scores.

It is worth it, too! They also give you helpful information on your score like, comparing yours against the national average's along with helpful tips on how you can improve your score.

Answer 2

there is no such thing as a universally used credit rating or score.

you have a credit history, which the financial institutions look at and then guage whether to give you credit. The strange thing is that the more credit you have the better your history is likely to be, because it records whether you made the minimum payment and whether it was on time. so lots of credit cards, all paid on time = good looking credit history, pay cash for everything = no credit history so you dont look a good bet. crazy isnt it.

You can look at your credit report for a nominal fee of about £2, and make corrections if necessary. Company you need to talk to is called experian.

but you will never be able to judge whether you will get credit because you dont know the scoring system the credit company will be using. The only thing you can tell is when you wont get credit due to missed payments etc. note - even your utility bills can affect it if you always leave it to the red reminder.

i konw this doesnt answer your question, but hopefully points you in the right direction.

Answer 3

The website www.freecreditreport.com is a great resource. You choose to view your report from either transunion, experian, or equifax. If you want to view all three, you can pay $24.95 and still get a free report from one of the company's each month. You can even dispute inaccurate information online for free.

If you want to get a loan with a fair interest rate, you normally need a score of at least 600. If you've been paying your bills on time for a while, though, they may overlook some of the items on your report - especially those over two years old.

Answer 4

Go on to the Experian website and order your credit report from CreditExpert. Points to look for: Make sure you are registered on the Electoral Roll, check if there are any defaults or serious arrears recorded in the last few years, count how many credit searches have been carried out against you file in the last six months. Deafults or arrears are bad news as are high numbers of searches.

Answer 5

You can get a free credit report from www.annualcreditreport.com and your score for a small fee. You can also buy your score from www.myfico.com. They are the inventors of the FICO score. Neither counts as an inquiry so your score will not be harmed.

BTW never take advice from a source called 'paynotaxes'. Courts always take the IRS's side.

Answer 6

Read some useful credit tips and more on this site to help you

Answer 7

This site has many reports that will most likely answer most of your questions -- www.paynotaxesforlife.com