Which Credit Score Do Lenders Use to Qualify Me For a Loan?Tony Banks asked: You have a credit score with the three main bureaus, Equifax, Transunion and Experian. Each bureau has come up with their own version of the credit scoring formula which is unknown to the public.This creates a situation where your three scores are highly unlikely to be the same. The credit score that [...] What is the Difference Between My Equifax and Transunion Credit Reports?Tony Banks asked: There are three main credit bureaus, Equifax, Transunion and Experian. Each of these are 100% for profit companies that are in business to sell your credit reports to lenders. Lenders need a way to access your worthiness and they turn to these companies to do so. Equifax is the largest and probably [...] Will I get 16K car loan with credit score 610 ?Robert S asked: I am wondering if its worth to apply for a car loan with my credit score of 610. I need financing in amount of 16,000 USD I have 3 credit cards with 90 percent of balances on them I also have personal loan of 5000 USD I make 56K a year Within [...] Will I get 16K car loan with credit score 610 ?Robert S asked: I am wondering if its worth to apply for a car loan with my credit score of 610. I need financing in amount of 16,000 USD I have 3 credit cards with 90 percent of balances on them I also have personal loan of 5000 USD I make 56K a year Within [...] Where Can You Really Get a Copy of Your Free Credit Reports?Joe Maruca asked: The offers are everywhere! Commercials with catchy jingles, free offers, scare tactics about identity theft and poor credit, it’s hard to miss them. So what’s the real deal? Is everyone allowed to give away free copies of your credit report?There are many websites that offer a free copy of your credit report [...] Raising my credit score?Cliff asked: Ok I need to raise my credit score. I got my free credit report and I’m gonna explain what’s on it. Please let know what more I can do to improve my score. I have an auto loan that is currently in good standing but while I was unemployed I was late 2 [...] How To Get Your Free Credit ReportJohn Rasor asked: current state of the economy, your credit report and credit score has become increasingly significant when it comes to borrowing money. Mortgage companies in particular, in an effort to reduce risk are scrutinizing credit scores to the point that getting a home loan is about as easy as building a rocket. We [...] Building credit over next 9 months – best options?Kelson asked: I’m looking to build up my credit as much as possible over the next 9 months or so. I’ll be applying for a car loan and apartment lease at that time and want to ensure I get the lowest interest rate possible and get accepted for my lease. I’m currently debt-free on paper [...] |