Credit Questions & Answers
Website CertifiedPrivacy Protected

Most Recent Questions & Answers in Credit Score

  • How Important Are Credit Scores?

    by Derek Brown

    Simply put, your credit scores determine whether you would be given higher or lower interest rates. To elaborate, lenders look at a person’s credit scores in order to gauge if you have the capability to pay or not, and from that appraisal, lenders then decide how high or high low … (more) May 13, 2010

  • What occurs to the credit score of an individual subsequent to bankruptcy?

    by Derek Brown

    Bankruptcy is a big blow to your credit score. One of the foremost reasons behind this is that you have by now defaulted many of the credit agreements. But subsequent to declaring bankruptcy you either have to pay a certain amount back or are completely absolved of the debts. However, … (more) May 5, 2010

  • Can the credit score be raised in case it sinks?

    by Derek Brown

    Two reasons account for low credit scores. First, that you simply have no credit at all. The second reason states that you have credit but due to non payment have reduced the credit score significantly. For increasing a low credit score there are steps that you will have to consider. … (more) May 5, 2010

  • Is credit score just a simple number?

    by Derek Brown

    A number set has a dominating effect on your life. It stays with you irrespective of the fact what actions you perform and places you visit. The credit score seems to be affecting every facet of your life. Your credit score is the biggest determining factor that will decide whether … (more) May 5, 2010

  • What are credit scores?

    by Derek Brown

    Credit scores are calculated through the credit report via computations and processes through software. These numbers range from 300 to 850 with the lower scores being the worst and the also comprise of payment history of the debtors. These payment details include late fines and penalties, if the debt has … (more) April 26, 2010

  • What are the major aspects of credit counseling?

    by Derek Brown

    Credit counseling is a process that involves attempts for closure of the debt accounts through debt reductions and other debt management options. Debtors may approach the credit counselor and then the creditors are requested to restrict further charges on their accounts.  In most of the cases creditors agree to this … (more) April 22, 2010

  • What are the conditions that govern the plans?

    by Derek Brown

    The credit counselors usually refer to different conditions, which are dictated by the creditors. Hence all the payments and the interest reductions in the debt management plan are managed on the basis of these conditions. Basically the process of DMP involves closing the account of the customer.  Furthermore the creditors … (more) April 22, 2010

  • What is credit counseling?

    by Derek Brown

    In credit counseling the debtors are provided knowledge and information about avoiding debts and repaying them. This process is also referred to as credit counseling in U.S.A and debt counseling in the U.K. In this process a professional credit counselor negotiates with creditors of the debtor.  The credit counseling process … (more) April 22, 2010

  • What are the reasons for poor credit scores?

    by Derek Brown

    It has been seen that poor credit scores are the results of non payments of debts and dues. These can be computed through software and they are based on the analysis of the credit reports. Some factors taken into account here include payment history of the debtors, all debts which … (more) April 3, 2010

  • How do I improve my Credit Scores to secure a loan?

    by Derek Brown

    Most of the time people don’t realize that it’s due to a bad credit score that they face problems when it comes to securing loans. There are many ways to determine whether the credit score is giving a positive or a negative effect. Firstly, you can get a credit report … (more) March 25, 2010