Get Your Free Credit Report

If you have a credit card and you can hardly pay for the total amount due on time, just pay the minimum amount to pay before the due date in order to avoid damaging your record for late payment. If under rare circumstances that your payment is going to be late; don't hesitate to contact your creditor and explain your situation.

• What Are The Qualification Requirements


• Requests for higher credit limit


• Stable Income & Employment


• Repayment history


• The Down Payment Is Calculated Along The Appraised Home Value


• 620-674 - Sub-prime - May still qualify, but will pay higher interest


• Credit utilization limit


• 720-850 - Excellent - The best score range and best financing terms

What is Credit Report, A report which includes a person’s credit history with the detailed information of his/her credit accounts and loans, bankruptcies and late payments (if any) apart from their personal information is called a credit report. It is issued by licensed Credit Information Companies. What is Credit Score, Credit score can be defined as the creditworthiness of a person coded into a 3-digit number. Credit score is one of the determining factors for the approval of a loan or credit card application.

A little harder, but not impossible by any means.

Raising your credit score to a good enough rating is necessary to be able to apply successfully to borrow money from a lender. Your credit score is one of the main deciding factors lenders look at when considering your application for credit cards, mortgages or any other type of loan, and the conditions of said loan. A little harder, but not impossible by any means. Due to the nature of the competition between companies offering home refinancing packages, even those with bad credit can now hope to find a solution for their foreclosure troubles. One thing that you could do before you apply for any refinancing package is to increase your credit scores first before you file for a mortgage refinance application. Wondering how to increase your scores,

There is so much talk when it comes to credit ratings and just how they affect finances. If you have an excellent score, you have more odds getting that loan you need, but when your credit rating is bad, your chances slide down too. Funding from banking companies have had tighter requirements since more people have been defaulting in their loans.

720-850 - Excellent - The best score range and best financing terms.

Length of time since credit report inquiries were made by lenders. Record of recent credit history following past payment problems. Re-establishing credit and making payments on time after a period of late payment behavior will help to raise a score over time.. 5. Types of Credit in Use (10% of score). How to interprete your credit scores, You should understand that your credit scores are calculated individually by the three agencies and your scores may not be the same due to variation of your credit history with different agencies. Below is the interpretation of different credit score range. 720-850 - Excellent - The best score range and best financing terms. 700-719 - Very Good - Qualifies a person for favorable financing. 675-699 - Average - A good credit score that qualify for most loans.