Credit Questions & Answers
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Most Recent Questions & Answers in Credit Score

  • How do I know if I have got negative credit scores?

    by Derek Brown

    If you have paid the previous bill after the due date it brings a negative credit score, so also if there are any outstanding payments brings a negative credit score. Opening of a number of new accounts also bring out a negative credit score. On the other hand a timely payment … (more) March 25, 2010

  • What is credit Score?

    by Derek Brown

    Credit score is a way wherein you are judged by the way you repay your debt, the time period taken etc.  It is a means by which the lenders risk their money by lending you huge amount as way of loans. The credit score helps them choose the client according to the … (more) March 25, 2010

  • How can I avoid poor credit scores?

    by Derek Brown

    The poor credit scores can be avoided by paying the bills and debts on time. Try to make smaller payments when feasible because they don’t require much capital and help to increase credit scores almost instantly. Apart from this a regular check on the credit reports should be maintained to … (more) March 9, 2010

  • How to repair credit scores instantly?

    by Derek Brown

    Some of the easiest ways of repairing the credit scores are through fixing errors on the credit reports. If the credit scores reflect on the report due to data errors or manual errors then it can be rectified. This would happen if the bureau has been at fault then under … (more) March 9, 2010

  • What is the time taken to improve your credit scores?

    by Derek Brown

    The process of fixing the credit scores can vary depending on the reasons through which the credit scores have been increased. The time required to repair your credit scores or fix them depends on various factors. The credit scores itself is a major factor here because if the credit scores … (more) March 9, 2010

  • Why is good score and why is it important?

    by Derek Brown

    Credit score is the true emblem of your credit standing in the market. The credit score varies from150-900. The better the credit score the more is your credit worthiness. A complex formula is used by the credit reporting agencies to calculate your credit score which is reflected in the credit … (more) February 8, 2010

  • What is a decent credit score?

    by Derek Brown

    This is a universal fact that no financial entity can survive without credit. Every financial entity wishes to lead a respectful credit-free life. It is also a fact that, every firm will need credit at some point or the other. Therefore, availing credit is ineluctable. Therefore, every firm must plan … (more) January 10, 2010

  • What are the various methods to improve credit score?

    by Derek Brown

    A good credit score is very important for every economy. This occupies a very vital role in the time of recession. A very good credit score makes it very easy for any customer to obtain various credit cards as well as loans easily. A lot of people strive very hard … (more) January 10, 2010

  • What are the advantages of good credit score? And how can it be improved?

    by Derek Brown

    Credit score is a numerical value, evaluated keeping in consideration your financial history and credits. To have a good credit score is of utmost importance if, you want to have a secured financial future. A good credit score promises you the following benefits:  Easy unsecured loans: if you have … (more) December 26, 2009

  • How can the inquiries hurt your credit score?

    by Derek Brown

    Soft inquiries as already mentioned have no influence on the credit score. The hard inquiries probably lower your credit score from 1 point to 5 points. The efforts of credit repair mainly rotate around the credit scores and the fact that the scoring model of FICO takes into consideration everything … (more) December 23, 2009