Tag Archives: repair credit score
- Credit Scoring: How it Works and How You Can Improve Your Score
What Is Credit Scoring? If you have tried to get credit, a loan or a mortgage, you may have had your credit information graded for risk potential. This is called “credit scoring” or “risk scoring.” Credit scoring is one factor that lenders or creditors consider to determine if they should give you a loan, a [...]
- I Paid Off an Old Debt and My Credit Score Went Down. – Michelle
Michelle “Dear Steve, To pay or Not to pay…. that is the question. Have a old debt (over 2 years old) I have been told not to pay it because if I do it will make a negative mark on my credit. I know this is true because I paid off something else which was [...]
- Is It Possible to Easily Increase My Credit Score? – Tamara
Tamara “Hi Steve, I graduated with my Masters Degree this past June 2009 in Speech Pathology. I have over $100,000 in school loans and a car loan of approximately $10,000. My credit score is 716. I am trying to increase my credit score to above 720 to qualify for a conventional housing loan to purchase [...]
- Chris Has Bad Credit. I Show Him How to Easily Get Good Credit.
“Dear Steve, I’m 35, new dad, have a terrible credit score(in the 400s), want to improve my score for a better quality of life, and most of my debts are 8 years and older. I want to find specific information on how to remove old debts from my credit report. (ex. To whom do I [...]
- My Credit Score is Dropping. Is Yours?
I am pissed off. I carefully monitor my credit report and credit score. In fact I just refreshed my consolidated credit report again today and guess what, my score from all three credit bureaus has dropped. But the spread among all three is now 17 points different rather than the 19 points that it was. [...]
- I Can Afford to Payoff My Old Debt. Should I? – Emma
Emma “Dear Steve, I was financially reckless as a college student, incurring approximately $22,000 in various credit card debt that I ignored throughout graduate school & post-graduate training. Well, now I’m all done and I make a lovely, lucrative salary. I want to buy a house. My credit score is in the low 500s. I [...]