Credit Score

A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of that person. A credit score is primarily based on credit report information typically sourced from credit bureaus.Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. Lenders also use credit scores to determine which customers are likely to bring in the most revenue.
Posts about Credit Score
  • Bankruptcy and Credit Card Debt

    …, and will know what assets will be protected before filing a bankruptcy petition. Other Financial Options for Your Credit Card Debt For situations in which bankruptcy is not appropriate, you have other options available for debt relief. You can consolidate your debts by paying off high-interest loans with a single loan at a lower interest rate. In some cases… 17 readers -
  • Will Bankruptcy Ruin My Credit?

    …. This is not necessarily true – remember, payment history is only one component of the FICO score. And even with a bankruptcy reported, your payment history component can be improved by reestablishing timely payments. Contact an Experienced Bankruptcy Attorney Today If you are experiencing financial difficulties, experienced Missouri attorney Kenneth P… 16 readers -
  • A Banking Nightmare That Only Insiders Will Believe – Whistleblower Post

    …. Renee went from being a member of the Italian Olympic skating team to now suffering from heart problems, PTSD and near constant migraines. Bank Fraud Was Intentional Judge Klein took the bold step and found the bank’s misconduct was intentional. Everyone makes mistakes but Bank of America took their arrogance to a whole new level. Amendments…

    Due Diligence- 10 readers -
  • New Freedom Mortgage Investigation – Improper Crediting of Payments

    … and whistleblower law firms in the nation. We are best able to help people when other respond to our calls for information. If you have information to share, contact attorney Anthony Dietz at *protected email* or by telephone at (248) 789-5551. Have new information about Freedom wrongdoing or interested in becoming a whistleblower? Contact attorney Brian Mahany at *protected email* or by telephone at (414) 704-6731.…

    Due Diligence- 18 readers -
  • For Banks, It’s All About the Money – Whistleblower Post

    … the consent or knowledge of the applicants. By moving money around and submitting phony credit applications, Wells Fargo generated millions more in overdraft charges and interest penalties. Not only did customers receive these unwanted charges, there is little doubt that many customers saw their credit scores drop. These days, good credit is necessary…

    Due Diligence- 27 readers -
  • Debt Jubilee Brings End To Debt Threats

    … name. The last business cycle lasted 10 years because of the toxic mortgages that were sold en mass to many who could not afford them. Interestingly, a debtor is permitted to file bankruptcy One (1) time every Eight (8) years, which correlates to this “Debt Jubilee” put on by the Babylonians. The major holdup seems to be student loans. Student loan…

    Christine Kingston/ Los Angeles Bankruptcy Law Monitor- 26 readers -
  • 4 Ways to Improve Your Credit Score This Spring

    … credit report and identify any possible errors or old issues. There is a good reason why this tip comes first on this list. The best place to start when improving your credit is to ascertain the current state of your credit with Equifax, Experian, and Transunion. You can obtain a copy of your credit report free of charge from several different…

    Michael West/ Law Office of Michael West- 32 readers -
  • 5 Careless Credit Mistakes Millennials Make

    … it’s due, whatever is left over will be reported as delinquent. FAILING TO MONITOR YOUR CREDIT A Federal Trade Commission study of the U.S. credit reporting industry concluded that 25% of consumers had errors on one of their three major credit reports. With 322,583,006 people in America that means that more than 80 million Americans have…

    The Law Offices of Robert J Nahoum- 32 readers -
  • Tougher Legislation For Banks And Debt Buyers

    … owed. Here is a link to the Senator’s New Release. The Bill is drawing wide support among others in the Senate. Senators Richard Blumenthal (D-CT), Dick Durbin (D-IL), Al Franken (D-MN), and Jeff Merkley (D-OR), joined Brown in introducing the legislation. “Every consumer should have a credit score that accurately reflects how creditworthy…

    Cynthia Lawson/ Bond and Botes- 37 readers -
  • There is a Default Judgment on My Credit Report

    … By: Robert J. Nahoum The Problem: You have recently discovered that you had been sued by a debt collector and that judgment has been entered against you. The judgment shows up in the public records section of your credit report and is bringing down your credit score. What should you do? The Rules: A judgment on your credit report must…

    The Law Offices of Robert J Nahoum- 35 readers -
  • Buying a Home After Bankruptcy

    … circumstances. Sometimes renting for a longer period and saving for a down payment or rebuilding your credit score may be more beneficial. If you have questions about filing for bankruptcy, please contact one of our offices and set up a free consultation today. The post Buying a Home After Bankruptcy appeared first on Bond and Botes. …

    Kathryn Davis/ Bond and Botes- 34 readers -
  • What are Unsecured and Secured Loans?

    … Every week our office receives multiple phone calls from Georgian families and residents who have fallen on hard times due to the recent economic recession. For these people, sometimes filing for bankruptcy is the best option they have to get themselves above water. Bankruptcy allows families and individuals to wipe out much of their outstanding…

    Michael West/ Law Office of Michael West- 29 readers -
  • Taking Out Loans to Get Out of Debt

    … scenario: “I have tried very, very hard to get my credit score back up during the last few years. I have scraped and scrimped everywhere I could in order to pay off many of the creditors that had been hounding me for years. Now, after all of that, I had one creditor that I had been hoping would “fall off” my credit as the debt was several years…

    Bond and Botes- 28 readers -
  • Credit After Bankrutpcy Just Got a Bit Better

    … This just in! As originally reported in the New York Times and posted through Consumerists’ (@Consumerist) blog, JP Morgan Chase and Bank of America have both agreed to clear debt from credit reports that was discharged in bankruptcy. This is great news and about time the big banks acted in accordance with federal laws. These corrections would…

    Christine Kingston/ Los Angeles Bankruptcy Law Monitor- 39 readers -
Get the top posts daily into your mailbox!