A credit score is a weighted number computed to determine your credit worthiness, and is relevant when arranging for credit or a loan. This tag is to be used for questions related to understanding how things would impact your credit score. Related tags are credit-history, credit-rating and ...
7
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4answers
114 views
Should I have accepted the offer to double my credit?
I recently received an "invite" from my credit card company with a limited time offer to double my current credit limit. That's right, double! I didn't reply, and they later followed up with an ...
5
votes
2answers
145 views
When Is Using Too Much Credit Bad?
I currently have a secured credit card with $300 secured. I thought this would be a good approach to establish credit, so I started using it with the intention of fully paying it off after closing ...
8
votes
3answers
172 views
Why Am I Having Such A Hard Time Getting a Credit Report?
I have always heard about evil credit card companies preying on vunerable college students. I find that quite interesting, considering I've found it impossible to get a credit card! Even more ...
12
votes
3answers
367 views
Should I keep a credit card open to maintain my credit score?
I have a credit card that was opened when I first got ot of college, and was my first credit card. Since then, I have switched to cards with rewards, figuring that since I pay it in full each month, ...
12
votes
3answers
568 views
I just moved to the United States. What should I do to develop a good credit rating, fast?
I just moved to the US for working purposes, and found out that for a lot of stuff you buy, you need to have a good credit rating (or pay more, or make a security deposit, etc).
I found out also that ...
9
votes
4answers
265 views
I am co-renting with others who do not pay rent reliably. Is there a way I can stay without harming my credit rating?
I rent with other adults in a rental property and my name is on the rental agreement with them. I would like to know if I have to move out, or is there a way I can remain and still pay just my fair ...
8
votes
2answers
209 views
Can you calculate the ROI on your credit score?
I've heard it said from people who work in the industry that your credit rating isn't a measure of your ability to pay, but rather a measure of how profitable a customer you are. I've also heard ...
13
votes
3answers
192 views
Aside from having to re-establish credit & credit history, what are downsides to declaring personal bankruptcy?
If someone were to file for (personal) bankruptcy protection from their creditors, is their entire debt wiped clean? And then they have seven years to wait before their credit history no longer ...
6
votes
4answers
239 views
I keep receiving letters from banks saying I'm pre-approved for credit. Is this junk mail? Are they allowed to do this?
It's scary, because they have my name and address, and if they've pre-approved me, they must have a lot more than that. Am I safe to throw this away as junk mail?
Are these random banks allowed to ...
10
votes
3answers
915 views
How often should I check my own credit score? If I do so, will my own inquiry reflect poorly on my score?
I've read that it's important to check your credit score in order to keep a handle on your credit health, as well as to protect yourself from identity theft or fraud (for instance, in this Lending ...
4
votes
1answer
103 views
How do credit scores work? How do they differ from credit ratings?
I've heard both these terms used - are they synonymous? Or is one for Canada, one for the U.K. (or U.S.)?
What are the various factors go into determining an individual's "credit score"?
4
votes
5answers
278 views
What are good tips for someone starting out to establish good credit history?
When you started out on your own, whether it was moving out of home for the first time or getting that first job what things did you do that helped your credit rating/history?
23
votes
6answers
558 views
How can one get their FICO/credit scores for free? (really free)
TV and the web are filled with ads promising to give you a free copy of your credit report. Unfortunately, instead of being wholly free, they are actually free trials, which means:
You only get ...
11
votes
1answer
165 views
What is the best way to go about cleaning up a poor credit rating?
Is it true that poor decisions you make now can affect you for up to seven years? Can they negatively-affect one beyond then? What are some steps one could take to repair the damage?
5
votes
2answers
108 views
What is a FICO score and how is it related to a credit report?
What is a FICO score and how is it related to a credit report?
