Repair Credit Score

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Question: Credit Score question?

I just got a credit card and i signed up for the Credit Score tracker option. I got the papers in the mail today and it says my Credit Score is 900 but on the grid the highest is 830. It also said i have no negative things on my credit. But how could it be 900 if it only goes up to 830?

Answer: the three major companies that create scores keep their own numbers separate from the official score. Their numbers can reach 900. This would not be your official Credit Score but the rating of that particular rating company. It's still a high rating, but not the official one. Was this an extra cost feature? Remember that you can get a full report for free at
http://annualcredittreport.com from each of the three companies once each year. My approach is to request them 4 months apart and that way every four months I request one from a different company. This gives a full report on what is on your record in case there are errors. The report is completely free with no strings. You can request your Credit Score for approx $7. I hope this is helpful to you.

Some TV Graphics Experiments (Scrolling Grid, Live Scoring)

Question: About a home loan with a Credit Score of 560-630?

So I have a Credit Score of 554 right now. I have recently paid of a collector,(the only one I owe) and it should post to the credit bur. by the 15th. I used a credit simulator and based on it, my Credit Score should raise to above 600. Does anyone know a place that will give you a home loan with a Credit Score Of 600 or even 554 in butler county ohio? i have 4500 down payment. and am looking for a home in the 80000 to 110000 dollor range.

Answer: How old was this debt? If it was pretty old, paying it off won't really impact your score much at all. It certainly will not impact it by 50 points. You have to re establish credit and pay on time for a good year to 18 months to get your score to rebound.

You need at least a score of 620 to go FHA. Now, there are some people who have been financed with 580, and you might find someone to do that, but, don't count on it. Maybe go see a mortgage broker. They have access to many types of loan products and one may just fit you.

Credit Score Simulator

Question: Having a cosigner for a car loan with a really good credit gets you the best interest if your credit is fair?

I'm financing a car, and my Credit Score is fair or good I think (my FICO Score is 672) so I'm getting my dad as a cosigner (his fico is 742) to get a better interest rate. If I do that should the interest rate be the average of the interest rates we will get as if we were applying on our own? I've never missed payments or anything, but my credit history is not old enough yet. I'm getting a 2008 Honda Civic and after my down payment I'll borrow around 8k-9k, so my payments are in the range of 190 to 250 if I do it in 60 months, but I can pay off the car within a year. I only want to get a good reliable car that is good on gas plus I want to have a record of having a car financed.

Answer: Financed cars is more expensive to insurance cause it requires full coverage. You can compare how much you would pay for full coverage of this car using this tool - carquotes.fateback.com

Why Knowing Your FICO® score Is So Important