Archive for May, 2011
Credit Score Articles
May 31st, 2011
Question: How would you change Credit Scoring methods if it were up to you?
Some of the information here kind of miffed me.
http://finance.yahoo.com/banking-budgeting/article/107154/7-ways-to-be-a-dolt-about-credit?mod=bb-creditcards
What do you think?
Answer: That was a biased report which had an axe to grind and only concentrated on the scoring methods which did not seem logical while remaining silent on those methods which did make sense. Should there be some adjustments? Yes. But overhaul the system? Probably not. For all the slamming at the banks, I find it interesting here on Yahoo Answers! how many people loaned money to friends or family who could not get a loan and are asking how to get money back from the deadbeat people they loaned it to. Obviously, the banks knew a hell of a lot more on how to judge a person's creditworthiness than these amateur bankers. Adjust some of the methods, but don't trash it. And most importantly, pay your bills on time, don't carry a balance on your credit cards and don't borrow more than you can afford and your credit rating wil be just fine.
Why Your FICO Credit Scores Are So Important
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Tags: credit, Credit Score, credit score articles, fico, finance, money, tips | 
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Credit Score Hard Hit
May 30th, 2011
Question: how hard a hit does your Credit Score take with a short sale home?
I am doing a short sale home how hard a hit your Credit Score take
Answer: Anywhere from 100 to 150 score points. It won't be pretty, and will prevent you from obtaining another mortgage for at least three to five years, if not longer.
California Real Estate Crash Crisis Meltdown - Abandoned residential developments March 28, 2010
Credit Score And Report
May 29th, 2011
Question: Credit Score of 674 but report doesn't reflect recently paid off account?
I had an credit account that was maxed out, but I paid it off about 3 days ago, and now the account has a zero balance. However my Credit Report shows that card account, but with the maxed out balance. Does anyone know when that will clear my Credit Report, and what my score might be adjusted to after it does? Thanks!
Answer: Сredit repair workеd fine to fix my credit. They disputed and removed lots of bad items from my Credit Report. I used this service - credit-report-score.10001mb.com
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