Repair Credit Score

Archive for September, 2009

Question: Why is my score "fair' and not "good'?

I understand the credit rating chart goes like this:

Answer: Your credit rating will be reduced if you have at any time in the last few (5 I believe, but not 100% sure) years defaulted on any loans, or credit card repayments. You will probably also find that if you have not had a credit card or a loan for very long, you will not get a top credit rating. Put simply, anyone who hasn't previously had a credit agreement will not have any history of how they tend to manage their repayments, so its not possible to say whether they are high or low risk. So they tend to be more "middle of the road" which is where you are.

Ren Faire - NEW FREE Credit Report COMMERCIAL WITH LYRICS!!!

Question: Will my poor Credit Score have any impact when I buy a home for Cash? I won't need a mortgage loan.?

Answer: Your Credit Score only affects you ability to borrow money. The person you buy the home from never knows your FICO Score anyway.

Note to PUB: If LJRobbie has CASH to buy a home, the problem with her credit is probably NOT bad credit. More likely it it is complete lack of credit resulting from never borrowing money. PS. that is a GOOD thing.

Credit Score Requirements for a USDA Loan

Question: Government Free Credit Report?

How find out/check my free Credit Score rating and report? I've gone to a bunch of sites that promise free report but not score

Answer: if you are looking for the free Credit Report usa national site, check out this site

http://free-credit-report-national.com/

Here you can check your 3-in-1 Report from all three credit reporting agencies and your Credit Score rating.

NRA Member At Obama Town Hall "Asks About Raising Taxes"