Posted: 7/22/2005 9:31:43 AM EDT
| I been doing some loan shopping latley and I found out my credit socre is 761, they said that was good, how does this rank and what makes it up |
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Go to www.creditboards.com/ and do some reading - lots of good basic info there. |
You have three bureaus scoring you so to be completely prepared you should know all three..but 761 is a good score |
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It's really not hard to figger out. Take on more debt, and your score goes down. Don't pay your fucking bills, and your score goes way down. Own your own home and have good equity, and your score goes up. COMMON SENSE stuff. The formulas may be high speed, but the fundamentals behind them are fundamental. |
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I know a couple that has a higher credit score than me. They have two car payments that they can barely make and have been late on, rent they can barely pay, a child, and credit card debt. Now how can that be? I have two paid off homes, several paid car loans and leases, etc. and never a bad mark or late payment. Is the credit score a gullibility number for how much a person is willing to go into debt??? WTF!  
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Thats generally true, unless there are other issues. For example, I had big students loans (yearly salary < loan amount), and this raised red flags even though my score was 750. |
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FICO scores go from 350 to 850. Taxman, you have an excellent credit score. I've posted my scores in the past, but I'll spare you all the horror and refrain. You are going to have to pay to see your FICO score (unless, like a poster said, you bank/car dealer/mortgage guy pulls it and just tells you.) It'll be ~$12 at www.myfico.com, using discount code myscore20. You can get free credit reports online. You can get free 'scores' online. But what you want, what actually matters, is the FICO score. |
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mine was 730 something but got pulled down now to 640 but it was at 630 last month. Fucking MBNA. Never deal with MBNA they seem to like to fuck yeah and make up charges and so on. They tried turning me into collections for missing one payment I already payed. Than I bitched out one of their telephone people and they closed my account  And the funny thing is my account was closed and no balance was owed and I have contacted the right goverment agency and also have sent the certified letters etc. We will see how this play out. They fucked my credit 
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Go to MyFico.com ..pull up your report...click the link that allows you to dispute the inaccuracies online. I've done this a half a dozen times and it always came out in my favor. You'll get resolution in 30 days. |
Yeah have already done all that, sent in the letters etc. Just a waiting game now. Have even talked to the gov, something I prefer not doing but I need my credit. 
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they won't give you a credit score though |
True story This is free - really free, by virtue of a law past this year, which offers every citizen one access per year to their Credit Report They become available to you by area of the country, with most already available take advantage of this, as it could really help increase your score to know what is on there, what is legitimate, and what needs cleaned up. Your Credit Score is everything in this day and age. Credit is a lot like cash Never run out, or in this case........... never let it slip too low. |
You're right. Qualifing for the best rate should be prefaced by saying after you qualify for the loan. Even if you have one of these super high 800 type scores doesn't mean you can borrow $500,000. You would still need to show a means to service the debt. |
YES they will If you use it properly, it will. I have done it, I have done it for others. This is a goverment sponsored program and is the law. Select Equifax as your choice, and I assure you........if you haven't already used your one pass per year, you will get a numerical score |
this is a credit report it doesn't inclue your credit score still good to know about though |
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The easiest way to judge your credit score is by the number of credit card applications you get each day. Having been a slave to banks for the last 28 years, I finally paid off the mortgage and I am in the process of reducing the home imporvement loan in large chunks. To be in debt is to be enslaved. Sorry for the rant, but getting out of debt is now so close that I can smell it and the feeling is real good. If I had realized how much money the mortgate was taking from me, I would have stopped paying it years ago. 
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ok, I've done it. How do I get the score from equifax? |
Actually, it's even better than that. You'll be allowed one free report from each of the three reporting agencies. Contact Equifax, TRW, and Experian. I've already tapped two, and decided to save the third untill later in the year. |
Clark Howard (financial guru) recommends hitting one every 4 months in a rotation so that you get a fairly quick indication of any problems that crop up. |