Guide To The Credit Score Chart & Credit Score Scale - Credit

By admin

Financial institutions such as banks and credit card companies use credit scores to estimate the potential risks posed by giving loans to consumers and to reduce losses due to bad debt. Also, credit scores will ... People with these scores find it difficult to have their loans approved. Even if they are offered, they will be charged high interest rates. Below 550: Very Bad Credit. People who have very bad credit must consider "credit repair" before applying for loans. ...

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Why You Should Be Knowledgeable About Your Credit Report

By Jed Albert

Many of these irregularities and errors can be removed or improved by using different credit repair tips. Most individuals are aware that inquiries into their credit report can influence their credit score but the fact is that only ... Credit reports can be requested for a variety of different situations. Utility companies, landlords, insurance companies, doctors and hospitals, and of course, the usual like mortgage companies, credit card issuers, banks and other lenders. ...

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