Category: Credit Score Information
Understanding Your Business Credit Score
March 22nd, 2009, 1 Comment
Just as you should review your personal credit score and report regularly, your small business credit score is one of the most important pieces of financial information your business has. The business credit score is your financial report card and will determine if and how much credit will be extended to you, and can be [...]
Credit Score Scale – What Makes Up Your Credit Score?
February 10th, 2009, 1 Comment
The credit score scale is not as complex as it sounds. Ultimately there are 5 major parts that determine how good or bad your credit score may be. Once you have a clear picture of what exactly makes up your credit rating, you can use that information to increase and improve your score. As a [...]
Is a 650 Credit Score Good Enough?
February 1st, 2009, 1 Comment
In today’s economy, a 650 credit score is by no means considered great credit. About a year ago a rating in this range would have allowed you to get a favorable loan at some of the best rates, but things have changed. Since the credit crisis, lenders, creditors and banks have been forced to tighten [...]
Your Mortgage Credit Score
January 31st, 2009, No Comments
Your mortgage credit score is no different than your credit score for an auto loan, renting an apartment, or any other financial service you seek approval from. What may be confusing is that there are many different credit scores provided by many companies that try to come up with a way to compute how likely [...]
Need Credit – Minimum Score
January 21st, 2009, No Comments
Credit minimum score is about 650, but there are a couple things to consider here. For one, this depends largely on the creditor/lender and how much risk they are willing to take with their customers. Some providers will only take those with an excellent credit rating, whereas others specialize in providing funds to low-credit consumers. [...]
What Credit Score is Good?
January 15th, 2009, No Comments
What is a good credit score? That largely depends on the lender’s standards, but there are some general guidelines to follow. You should use the FICO score as the standard metric for determining how good your credit is, because that is the model most major lenders use. The FICO score ranges up to 850 points, [...]
