A bad credit score is aFICO scorein the range of 300 to 579. (FICO stands for Fair Isaac Corporation, the company that originated the most widely used credit scoring system.) Some score charts subdivide that range, calling "bad credit" a score of 300 to 550 and "subprime credit" a sco...
Focuses on how consumers can fix bad credit scores. How a bad credit score can affect monthly mortgage payments; Way that credit rescoring companies can help consumers; Advice for consumers on how to stay on top of their credit and keep track of credit scores.Stern...
“Does marrying someone with bad credit affect my credit score?” The short answer to that question is: No, it doesn’t. Your credit record will remain yourcredit report, and your new spouse’s credit record will remain theirs. Same for yourcredit score.1 But the longer answer is more c...
If you believed everything you read about your credit score, you'd think it was the most important component of your financial health. Without a good credit score and history, the experts say, it's more difficult qualify for a mortgage( 按揭 )or a car loan-and more expensive if you're...
Credit scores can be somewhat of a mystery, so if you’ve noticed a dip in your credit rating – don’t panic. There are lots of reasons your credit score might go down (or up). Sometimes minor changes, such as moving to a new address or closing a credit account you no longer use...
In many states,bad credit can even rais e your insuranc e payments, c ost you a rental apartment, or mak e it harder to get hired. 1.First off, ther e ar e several credit scores out ther e. W hil e it\s important to cultirat e your credit scores by using credit responsibly, ...
Finally,order a free copyof your credit history report. Look for recently reported behavior that could explain the score change you’ve noticed. Be sure to contact the credit bureau issuing the report if you find incorrect information. Bad data may simply be an error or could indicate identity...
5. Your credit score is bad Rental housing providers use your credit score as a major part of theirtenant screeningprocess to determine your financial responsibility and evaluate whether you will pay your rent on time. They look at your debt-to income ratio and if you have any outstanding bil...
If you have a very bad credit score (anywhere from 300 to 560) you know how difficult it can be to get approved for any loan or credit card. Thankfully, there are ways to recover and get your credit score back to a reasonable level. It will take some effort and time but it will ...
A lower score could tell you that your credit application is more likely to be refused, or that the lender will apply a higher interest rate because it sees lending you money as a higher risk. You may have to explore options for a bad credit loan instead. 2. You can improve your sco...