credit scores

[HLS]

It depends on what loan amount that you are looking for.

“a 760 will get you much more than 680”
Isn’t necessarily true. Another myth.

The best conforming loans ($417K or less) the pricing is the same as long as score is 680 or above.

The underwriting is an automated system. It may give more weight to a higher score, but with an approval, the rate will be the same for a 760 as 680.

On a loan amount above $417K, different lenders offer different pricing. I think that the best pricing on a jumbo loan is on a score above 760, but a different lender may offer siimilar pricing at a 720 score.

Scores can vary by 30-40 points monthly depending on credit card balances and usage.

Having no balance doesn’t always mean that you score will be higher than having a balance.

[Anonymous]

As consumers, we fail to realize how important building credit is. With the exception of payday loan lenders and a few like them who don’t require a credit check when obtaining their services, most creditors report all open accounts, balances, late payments and so forth to the three main national credit bureau’s. These credit bureaus determine a credit score for each consumer based upon their own mathematical algorithm which creditors look at before awarding or denying you credit. Most people don’t realize just how important good credit is these days; I was shocked by reading this article on the payday loan money blog at personalmoneystore.com which said that everything from car insurance, to personal employment, takes into account your credit score. You can read the article yourself entitled “Credit: Part I | Financial Tips from Your Payday Loan Source” on the payday loan money blog at personalmoneystore.com

[Anonymous]

As consumers, we fail to realize how important building credit is. With the exception of payday loan lenders and a few like them who don’t require a credit check when obtaining their services, most creditors report all open accounts, balances, late payments and so forth to the three main national credit bureau’s. These credit bureaus determine a credit score for each consumer based upon their own mathematical algorithm which creditors look at before awarding or denying you credit. Most people don’t realize just how important good credit is these days; I was shocked by reading this article on the payday loan money blog at personalmoneystore.com which said that everything from car insurance, to personal employment, takes into account your credit score. You can read the article yourself entitled “Credit: Part I | Financial Tips from Your Payday Loan Source” on the payday loan money blog at personalmoneystore.com

[Anonymous]

As consumers, we fail to realize how important building credit is. With the exception of payday loan lenders and a few like them who don’t require a credit check when obtaining their services, most creditors report all open accounts, balances, late payments and so forth to the three main national credit bureau’s. These credit bureaus determine a credit score for each consumer based upon their own mathematical algorithm which creditors look at before awarding or denying you credit. Most people don’t realize just how important good credit is these days; I was shocked by reading this article on the payday loan money blog at personalmoneystore.com which said that everything from car insurance, to personal employment, takes into account your credit score. You can read the article yourself entitled “Credit: Part I | Financial Tips from Your Payday Loan Source” on the payday loan money blog at personalmoneystore.com

[Anonymous]

As consumers, we fail to realize how important building credit is. With the exception of payday loan lenders and a few like them who don’t require a credit check when obtaining their services, most creditors report all open accounts, balances, late payments and so forth to the three main national credit bureau’s. These credit bureaus determine a credit score for each consumer based upon their own mathematical algorithm which creditors look at before awarding or denying you credit. Most people don’t realize just how important good credit is these days; I was shocked by reading this article on the payday loan money blog at personalmoneystore.com which said that everything from car insurance, to personal employment, takes into account your credit score. You can read the article yourself entitled “Credit: Part I | Financial Tips from Your Payday Loan Source” on the payday loan money blog at personalmoneystore.com

[Anonymous]

As consumers, we fail to realize how important building credit is. With the exception of payday loan lenders and a few like them who don’t require a credit check when obtaining their services, most creditors report all open accounts, balances, late payments and so forth to the three main national credit bureau’s. These credit bureaus determine a credit score for each consumer based upon their own mathematical algorithm which creditors look at before awarding or denying you credit. Most people don’t realize just how important good credit is these days; I was shocked by reading this article on the payday loan money blog at personalmoneystore.com which said that everything from car insurance, to personal employment, takes into account your credit score. You can read the article yourself entitled “Credit: Part I | Financial Tips from Your Payday Loan Source” on the payday loan money blog at personalmoneystore.com

[La Jolla Renter]

Raybynes, I like the way you think.

If my scores are 790 ish, and I pick up 4 new credit cards each year with 0% introductory rates at say 25k limits, then I put the funds in a cd at 4%, what would my credit score drop to?

I assume I would need to apply for several new 0% cards each year to trade the balances to, and then cancel the old cards when the intro rate disappears???

[La Jolla Renter]

Raybynes, I like the way you think.

If my scores are 790 ish, and I pick up 4 new credit cards each year with 0% introductory rates at say 25k limits, then I put the funds in a cd at 4%, what would my credit score drop to?

I assume I would need to apply for several new 0% cards each year to trade the balances to, and then cancel the old cards when the intro rate disappears???

[La Jolla Renter]

Raybynes, I like the way you think.

If my scores are 790 ish, and I pick up 4 new credit cards each year with 0% introductory rates at say 25k limits, then I put the funds in a cd at 4%, what would my credit score drop to?

I assume I would need to apply for several new 0% cards each year to trade the balances to, and then cancel the old cards when the intro rate disappears???

[La Jolla Renter]

Raybynes, I like the way you think.

If my scores are 790 ish, and I pick up 4 new credit cards each year with 0% introductory rates at say 25k limits, then I put the funds in a cd at 4%, what would my credit score drop to?

I assume I would need to apply for several new 0% cards each year to trade the balances to, and then cancel the old cards when the intro rate disappears???

[La Jolla Renter]

Raybynes, I like the way you think.

If my scores are 790 ish, and I pick up 4 new credit cards each year with 0% introductory rates at say 25k limits, then I put the funds in a cd at 4%, what would my credit score drop to?

I assume I would need to apply for several new 0% cards each year to trade the balances to, and then cancel the old cards when the intro rate disappears???

[PKMAN]

Debt ratio is just as important as good credit score. My credit scores are 737 (Experian), 810 (Equifax) & 808 (TransUnion). But my loan officer told me that equally important was the fact that I have no debt; no mortgage (rental), no car payment, no student loan, no child support … no debt of any kind whatsoever and it has been this way for nearly 5 years.

Thus combining with good credit score, I easily qualified for a loan with the absolutely lowest rate.

I had feared that being debt-free may hurt my credit (especially that I pay off my credit cards every month and never let the banks collect interest fees) but it actually helped. Go figure.

[PKMAN]

Debt ratio is just as important as good credit score. My credit scores are 737 (Experian), 810 (Equifax) & 808 (TransUnion). But my loan officer told me that equally important was the fact that I have no debt; no mortgage (rental), no car payment, no student loan, no child support … no debt of any kind whatsoever and it has been this way for nearly 5 years.

Thus combining with good credit score, I easily qualified for a loan with the absolutely lowest rate.

I had feared that being debt-free may hurt my credit (especially that I pay off my credit cards every month and never let the banks collect interest fees) but it actually helped. Go figure.

[PKMAN]

Debt ratio is just as important as good credit score. My credit scores are 737 (Experian), 810 (Equifax) & 808 (TransUnion). But my loan officer told me that equally important was the fact that I have no debt; no mortgage (rental), no car payment, no student loan, no child support … no debt of any kind whatsoever and it has been this way for nearly 5 years.

Thus combining with good credit score, I easily qualified for a loan with the absolutely lowest rate.

I had feared that being debt-free may hurt my credit (especially that I pay off my credit cards every month and never let the banks collect interest fees) but it actually helped. Go figure.

[PKMAN]

Debt ratio is just as important as good credit score. My credit scores are 737 (Experian), 810 (Equifax) & 808 (TransUnion). But my loan officer told me that equally important was the fact that I have no debt; no mortgage (rental), no car payment, no student loan, no child support … no debt of any kind whatsoever and it has been this way for nearly 5 years.

Thus combining with good credit score, I easily qualified for a loan with the absolutely lowest rate.

I had feared that being debt-free may hurt my credit (especially that I pay off my credit cards every month and never let the banks collect interest fees) but it actually helped. Go figure.

[Author]

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