credit score ?

Question

Does anyone know how much $ equals 1 point of cedit
on your credit score?

Answer 1

I don't think you understand credit scores at all.
There is no dollar correlatoin between money and your credit score.

You could be a millionnaire with a lot of outstanding credit, but well within your correct range to have a good score and if you have a lousy payment history you are going to have a lower score than a very, very poor person who has the same ratio of credit buy pays it off on time.

More than 65% of your credit score is comprised of how timely you make payments and how much outstanding credit you have.

So, even if you don't have a good income, you can still have a very, very high score by using your credit wisely and having an excellent payment history.

Answer 2

I saw some mis-information.
Scores are higher the more credit worthy you are NOT how much money you have.
One Theory:
The FICO score is ten times your probability of NON-Default.
so a score of 500 means you have a 50% chance of default.780 means you have a 78% chance of non-default.

But always pay your credit cards before they are due, always.

Answer 3

anything below 500 or 600 are considered low ,anything above 600 are very good ,above 700 are perfect score ,just purchase my first home ,went thrue all of that ,hope this helps.
here's sights you can get your score for free ,just be cautions Okay?

Answer 4

====>> http://goo.gl/8KUQl0
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Answer 5

No...