bad? Can you tell me a little about where I'm standing? Also, there were 1 or 2 things on my credit report that were incorrect. There is a bad mark on my Mortgage payment that is/was a mistake. Once that is fixed, how much will that change my credit score? Last question, my income has doubled in the last 3 months, does the credit report know that, and if it does/doesn't, would that make a difference in my credit score?
2007-01-02 17:09:51 · 8 answers · asked by FromTheTop 1 in Business & Finance ➔ Credit
450-600 is poor, 600-750 is average, above 750 is excellent. the bad mark on your credit may take up to 2 months to show up on your credit score. if it hasnt been fixed by then you should call the agency and find out why. earnings only help when you are trying to take out a loan. such as, when trying to get an apartment your rent can only be 30% or less of your income. or when trying to get a loan from a bank they also look at your "debt to credit ratio" to find out how much you are in debt total versus how much you make, but it makes no affect on your credit score.
2007-01-02 17:23:56 · answer #1 · answered by Anonymous · 0⤊ 1⤋
1
2016-10-15 08:04:35 · answer #2 · answered by ? 1 · 0⤊ 0⤋
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My credit score is 631...is that...?
bad? Can you tell me a little about where I'm standing? Also, there were 1 or 2 things on my credit report that were incorrect. There is a bad mark on my Mortgage payment that is/was a mistake. Once that is fixed, how much will that change my credit score? Last question, my income has...
2015-08-12 19:40:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
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For starters, sometimes people who work in the credit industry may not know how credit works because there are too many factors out there. Credit scores are a very funny thing, you make an inquiry and your score gets lowered, close a card too fast and score gets lowered, and if you don't spend your card for a while your score gets lowered, if you pay just the minimum for too long your score gets lowered, and finally if you pay off your card too fast and your score gets lowered The best thing to do is get a reputable card such as a Master Card or a Discover Card, spend an amount that you can pay off in about 2 or 3 months and you should be fine....your score should continue to rise as long you make your payments on time and pay it off in a timely manner. Also it would help if you have no more than 2....1 credit card and 1 store card or just 2 credit cards. Around the horn, The True Side
2016-04-07 04:11:53 · answer #4 · answered by Anonymous · 0⤊ 0⤋
631 is almost average you wanna be around 720 to 780, fix thoes 2 items and it should go up enough. Make sure that you check with all 3 credit agencies. Your last question on your earnings, they do not show or affect your credit score. Your score shows how likely you are to pay off a debt. If you like this book I got from a friend that wrote it explains in detail about credit.
2007-01-02 17:13:53 · answer #5 · answered by Anonymous · 1⤊ 1⤋
631 is good score and will put you r in the bracket of lower rates. 620 is typical cutoff point.
your credit score should go up after the late payment comes off.
Your income is not reported nor do they care in the credit bureaus is all based on algrythms.
http://www.disputedemon.com/credit-score/
2007-01-02 17:44:24 · answer #6 · answered by CreditScoreBooster 2 · 0⤊ 0⤋
You are right at ok. Under 600 is poor, over 700 is excellent. Your income has no bearing on your credit report, only payment history.
2007-01-02 17:15:42 · answer #7 · answered by ksgirl 3 · 0⤊ 0⤋
All I know is that 300 is the absolute worst.
2007-01-02 17:11:23 · answer #8 · answered by michael d 3 · 0⤊ 0⤋
I don't think this is feasible
2016-07-28 07:15:40 · answer #9 · answered by ? 3 · 0⤊ 0⤋
Thanks! Extremely valuable information and gives me better insight on the subject
2016-08-23 14:16:00 · answer #10 · answered by Anonymous · 0⤊ 0⤋