2007-10-30 07:07:49 · 6 answers · asked by just me 2 in Business & Finance ➔ Credit
we had our credit scores checked and it did indeed say 0
2007-10-30 07:36:34 · update #1
i guess i will need to give those people a call
2007-10-30 07:43:38 · update #2
we applied for a home loan and those are the people that gave us that bogus score? we have established credit but its pretty much all negative
2007-10-30 12:37:04 · update #3
A 0 score is not valid. Whatever website you were at to get the credit report/score was having communication problems with the CRA or something to that effect. The lowest possibly score you can have is 350. Since there are dozens of models that can be used to score your credit, it's difficult to say what your score might actually be when a lender looks at it, as each lender may use a different model.
2007-10-30 17:29:25 · answer #1 · answered by kshawks18 2 · 0⤊ 0⤋
FICO score range from 350-850. The 0 sounds like a system was down and it didn't calculate a value. Is it possible that it was trying to calculate some other score?
I would guess that a $1000 lien with no other negatives might drop you to 550? I would put you in a rough spot for sure.
Good luck!
2007-10-30 15:35:28 · answer #2 · answered by Rush is a band 7 · 0⤊ 0⤋
Credit scores don't go down to 0. I think 350 is the lowest you can have unless you have no score at all.
A tax lien will hurt your scores but how much depends on what else is in your file.
2007-10-30 14:26:50 · answer #3 · answered by Delaina77 3 · 0⤊ 0⤋
Pull off a FICO score using experian or other credit agencies. That will give you a more direct and more accurate score. For more information on tax liens and how they affect you, read this book: [ISBN 0978834682] Complete Guide to Real Estate Tax Liens and Foreclosure Deeds: Learn in 7 Days by Don Sausa.
2007-10-31 11:22:29 · answer #4 · answered by John Rosa 3 · 0⤊ 0⤋
A "0" score usually means that you haven't borrowed or used a credit card in like 20 years.
It shouldn't affect your credit report since you owe money to the government. Make sure you pay off the tax lien asap. You don't want Uncle Sam asking "Where's my money?"
2007-10-30 18:17:58 · answer #5 · answered by Gary 4 · 0⤊ 0⤋
I would go to a reputable web site where they will get you your credit score (for a fee as usual) to check that out.
Never saw a score of "0"
Scores are not "free" and they have heartburn about giving them out.
You could go to a car dealer and tell them you are interested in a vehicle, they will get your score (they pay the fee) and then inform you of it's current level. If it is "0" they will chase you out of the dealership, but hey, you got it for free!!!!
A tax lien will lower ones score but not that much.
2007-10-30 15:55:24 · answer #6 · answered by Sgt Big Red 7 · 0⤊ 0⤋