credit score: Indiana Home Buyers: 5 Factors that Decide Your Credit Score
- 03/07/07 01:07 PM
Scores range between 200 and 800. Scores above 620 are considered desirable for obtaining a mortgage. These factors will affect your score.Your Payment History. Whether you paid credit card obligations on timeHow Much You Owe. Owing a great deal of money on numerous accounts can indicate that you are overextended.The Length of Your Credit History. In general the longer the better.How Much New Credit You Have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay promptly.The Types of Credit You Use. Generally, it's desirable to have more than one type of credit-installment loans, … (0 comments)
credit score: Northwest Indiana Real Estate: Credit 101
- 02/27/07 10:37 PM
Credit scores, along with your overall income and debt, are a big factor in determining if you'll qualify for a loan and what loan terms you'll be able to qualify for. 1. Check for and correct errors in your credit report. Mistakes happen, and you could be paying for someone else's poor financial management. 2. Pay down credit card bills. If possible, pay off the entire balance every month. However, transferring credit card debt from one card to another could lower your score.3. Don't charge your credit cards to the maximum limit.4. Wait 12 months after credit difficulties to apply for … (0 comments)
Serving Cedar Lake, Crown Point, Dyer, East Chicago, Gary, Griffith, Hebron, Hammond, Highland, Hobart, Lake Station, Leroy, Lowell, Merrillville, Munster, New Chicago, Schererville, Schneider, Shelby, St. John, Whiting, Winfield, Beverly Shores, Burns Harbor, Chesterton, Kouts, Michigan City, Ogden Dunes, Portage, Valparaiso, Westville, Wheeler, LaPorte, Long Beach in Northwest Indiana Real Estate Market
Scores range between 200 and 800. Scores above 620 are considered desirable for obtaining a mortgage. These factors will affect your score.Your Payment History. Whether you paid credit card obligations on timeHow Much You Owe. Owing a great deal of money on numerous accounts can indicate that you are overextended.The Length of Your Credit History. In general the longer the better.How Much New Credit You Have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay promptly.The Types of Credit You Use. Generally, it's desirable to have more than one type of credit-installment loans, … (0 comments)
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