| y"> | | | | greater your chances of getting the loan you want. |
| What is a good credit score? When you request a | | | | You might not realize it, but applying too often for |
| free copy of your credit report, you will find a score | | | | credit does affect your credit score. Your credit report |
| assigned to your credit history. This score will | | | | contains the names of all the people who have |
| determine whether or not creditors will grant you the | | | | requested your credit report, so having a long list of |
| loan or credit that you want because it gives them an | | | | names in this section will not help you improve your |
| idea of your risk to repay. Generally, the answer to the | | | | credit score. Most consumers have the idea that when |
| question "what is a good credit score?" is the higher | | | | they ask what is a good credit score, they will find out |
| the better. | | | | that a lower number is better. You might also find that |
| Once you have your credit report in your hands your | | | | your score with one credit bureau is better than |
| first question should be "What is a good credit score | | | | another depending on the creditors that deal with each |
| and what is my credit score?" Each credit bureau has | | | | one. |
| its own method of computing the credit scores and by | | | | Moving many times also affects your credit score. |
| themselves they don't really mean much. When the | | | | Even though you pay your bills on time and are able to |
| score is combined with your credit history, creditors | | | | manage another loan, you may have to ask yourself |
| can see at a glance how much money you owe and | | | | how can I raise my credit score. When creditors see a |
| whether or not you have a good score. The scores | | | | lot of addresses, they assume you have trouble |
| range from 350 to 650, so if you are in the lower end | | | | paying the rent. When you ask what is a good credit |
| of the score, then you will probably start to wonder | | | | score, you also need to ask what factors affect the |
| "how can I raise my credit score?" | | | | credit score. When you scan the credit report to see |
| Using the mortgage industry as an example, if you ask | | | | what your credit score is, you also need to look at all |
| what is a good credit score, the answer will be close | | | | the bills and the number of times you were late with |
| to 650. If you are a lot lower than that, your chances | | | | the payments. The next time you request a credit |
| of getting a loan to buy a house may be slim. If you | | | | report, you will be anxious to see the score and you |
| ask about improving your credit score, then you will | | | | won't have to ask what is a good credit score. |
| find that counsellors will tell you to pay your bills on time | | | | What is a good credit score? It's all relative, but |
| and try to pay them off. The less bills you have, the | | | | contrary to popular belief it is not "the lower the better". |