Re: Credit Score
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Posted by roni
on October 17, 2000 at 17:04:34:
In Reply to: Credit Score posted by Brenda on October 17, 2000 at 17:02:05:
At the moment you are not able as a consumer to
receive your credit
score. However if you apply
for a home mortgage or car loan many times the
lender will tell you your score. Credit inquiries
does lower your score. Too many inquires in 30 days
will automatically provoke a denial with some credit
card lenders. The effect of inquires on your
overall score is very detrimental. You should not
apply for credit at least 6months before a major
purchase like a home or car. For your next question,
some lenders a strict and some are lenient. Some
are prime and some are subprime. Citibank is pretty
much a prime lender. They are not most strick but
they arenot as subprime as Providian. Subprime
lenders provide cards for those with troubled
credit past. If you have had late pays in the past
believe it or not that is considered bad
credit.
This lowers your score. It is a score killer like
a charge off or bankruptcy, but late pays do lower
your score. The good news is that after 2 years they
have less effect. There
are new sites popping up
which offer your report and an analysis of your
report with a analysis score.
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