Repair Credit Score

Archive for September, 2008

Question: Creditexpert Credit Score ? Can I apply for loan know ?

Ok about 5 months ago I wanted to burrow a loan for Home Improvement about £15000 I was rejected by the bank I was told it's because of the credit check don't have a good score so i went online at creditexpert.co.uk and checked my Credit Report then checked the Credit Score and it was in "Very Poor" category score was 413 But the thing is I never missed a payment I have 3 credit cards but I do pay minimum every month in total I had £1200 outstanding on the credit cards so i start paying extra every month on top of the minimum that was already been taken out of my bank and after 5 months I have £500 outstanding and my Current score is 814 and puts me in a "Fair" category the thing is can i apply for the loan know but I did want more this time £25000 or shall I wait 1 more month as am thinking of paying of the full outstanding balance £500 next month I mean am sure that will put me defiantly in "Good" category if not "Excellent"

Answer: credit-report-free.totalh.com - try this service to boost you Credit Score before getting loan. After Credit Repair you can get the loan with minimal interest rate.

Free Credit Report Renaissance Fair *New

Question: What is the difference between the Beacon score and FICO Score?

I know that FICO is an independent company that issues the summary score to the three major Credit bureaus that ranges some where between 400's to 850
what is the top/bottom beacon score ?
I uinderstand all the differences between the 3 bureaus I understand what can effect your credit but I was not sure if Beacon was it's own company like FICO or if it was a different name for the same thing.

Answer: FICO scores from 300 to 850 with anything calculating to below a 300 defaulting to a 0.

Equifax shows a beacon score which is the same as FICO.

Scores are based on the following factors;

1. Payment history 35%
2. Time in bureau 15%
3. Types of credit 10%
4. New credit 10%
5. Debt to credit ratio 30%

Is a 600 FICO Credit Score a good or bad Credit Score to ha