Your credit check Oregon

All other trademarks displayed on this site are the property of their respective owners. 5 Big Mistakes to Avoid With rates at record lows, here's how to get the best rate possible. moneywatch.com / Spending by MoneyWatch.com | Oct 19, 2010 As important as your credit score is to your financial health, very few people truly know how their scores add up. And plenty of consumers get it wrong on the important questions, like how to raise your score or how long a black mark lasts. MoneyWatchs Jill Schlesinger asked John Ulzheimer, president of consumer education for Credit.com, to name the most common misunderstandings and to tell us what will really hurt (or help) your score. As important as your credit score is to your credit check Oregon your financial health, very few people truly know how their scores add up. And plenty of consumers get it wrong on the important questions, like how to raise your score or how long a black mark lasts. MoneyWatchs Jill Schlesinger asked John Ulzheimer, president of consumer education for Credit.com, to name the most common misunderstandings and to tell us what your credit check Oregon will really hurt (or help) your score. free credit report and With FICO scores typically ranging from 350 to 850, 35% of the points on your score are directly tied to whether youre making your payments on time, says Ulzheimer. That leaves 65% of your score that has nothing to do with missed payments.

You your credit check Oregon cannot hang your hat on your credit check Oregon whether or not you are just making your payments on time, and assume you have fantastic credit your credit check Oregon he says. Im quite sure the credit card industry started that [rumor], Ulzheimer says with a chuckle. Although carrying balances will cost you in interest and financing charges, from a credit score perspective, theres nothing wrong with carrying a balance on your credit card. find credit reports But very large balances will affect your creditization the percentage of your credit limit that youre carrying as a balance. You need Javascript enabled to view the video player. What you really want is a relatively low balance never more than 15 percent of your overall limit. Although a lot of people treat them as though they are interchangeable, credit reports and credit scores are two completely different things. Employers in most states can look up your credit report as part of a pre-employment screening (and during your term of employment) but they do not have access to your credit score.

Any lender, insurance company, landlord, or utility provider can buy your score from one of the three accredited credit report agencies.

They use that score to determine the amount of risk theyre taking in doing your credit check Oregon business with you then use it to grant or deny you, and to set the terms. This one is partly true: Whether you face a short sale, a foreclosure or bankruptcy proceedings, youll have that black mark on your credit report for at least seven years. www credit report

(A bankruptcy will actually be on there for 10.) But your credit score does improve as that item gets older; you just need patience and good behavior. And as a matter of fact, you can have a very solid credit score in your credit check Oregon three or four years. The assumption is that a short sale is actually better for your credit score than a foreclosure, but in reality, they have the same effect.