Some lenders will not credit report check Kansas extend credit to people with under 620 credit scores and other lenders will offer those loans, but at a higher interest rate. A few lenders do automatic approvals for people with 750 or higher scores with no questions asked. Arent there credit report check Kansas several credit bureau agencies? Yes, credit report check Kansas there are three primary credit bureau companies: Equifax, Experian and TransUnion, and each of them refer to credit report check Kansas their credit scores by different names. At Equifax for instance, their score is called the beacon score. At Experian, it is the Experian/FICO credit report check Kansas score and at TransUnion, it is called Empirica. How do I find my credit score? You can purchase your FICO score right over the Internet at either www.myfico.com or at the Web sites of any of the major bureaus. Besides your FICO score, credit report check Kansas you will get your entire credit report, details on how to read credit report check Kansas your report and ways to raise your scores. What makes up a FICO score? Generally, there credit report check Kansas are five criteria that make up the score. free credit reporting agency The biggest driver is payment history...how you have paid your bills. Thirty percent of your score is based on the amount of money you owe lenders.
The length of your credit history makes up 15 percent.
New credit makes up 10 percent of your score and the remaining 10 credit report check Kansas percent is the types of credit you use.
Things that have no effect on your score: race, religion, sex or marital status, your age, length of employment, job description, where you live or any items credit report check Kansas reported as child or family credit report check Kansas support.
How can you raise your credit report check Kansas score? Paying your bills on time helps dramatically, and is the biggest contributor or detractor to scores. check credit online free Do not apply for credit unless it is absolutely necessary. Many mistakes are found and should be corrected immediately because they impact your score.
By law, all three credit-reporting agencies must respond and report back to you within 30 days if you challenge any information on your credit report.
How long does credit report check Kansas information stay on my credit credit report check Kansas report? Good or bad, it is with you for seven years unless it can be proven that it was a mistake. What is an inquiry? This is the record of any person who has checked your credit report.
This credit report check Kansas is another good reason to check your credit report yearly.
A credit report check Kansas lot of inquiries will lower your FICO score because it shows you credit report check Kansas are applying for new credit. (However inquiries will not drastically change your score.) If you have inquiries from mortgage lenders or automobile dealers in a short period of time, this will not affect your score. Their systems consider this as one inquiry and recognize that you are shopping for a specific product. What if you are denied credit? If you are turned credit report check Kansas down for credit, the lender must notify you in writing within 30 days with the reason you were turned down. credit report instantly At this point, you have 60 days to request a free credit report from any of the credit reporting agencies.
The Equal Credit Opportunity Act covers both of these. RESOURCES: To get a copy of your credit reports, here are the contact numbers, To just find out what your FICO score is, go to: www.myfico.credit report check Kansas com To read the Federal Trade Commission rules on the Equal Credit Opportunity Act, go to: http://www.ftc.gov/bcp/conline/pubs/credit/ecoa.htm Excerpted with permission from Jerry Reynolds-The Car Guy.
