Article Friendly article publishing script homepage.
Translate Page To German Tranlate Page To Spanish Translate Page To French Translate Page To Italian Translate Page To Japanese Translate Page To Korean Translate Page To Portuguese Translate Page To Chinese
  Number Times Read : 524      
Categories

Accessories
Allergies
Arts
Asthma
Business
Career
Cars and Trucks
CGI
Christmas
Coding Sites
Computers
Cooking
Crafts
Current Affairs
Databases
Divorce
Education
Employment
Entertainment
Environmental
Family
Film
Finances
Gardening
Green Technology
Health & Fitness
Healthy Living
Holidays
Home
Internet
Legal
Marriage
Medical
Men Only
Motorcyles
New Age
News & Society
Our Pets
Outdoors
Parental Care
Real Estate
Relationships
Science
Self Improvement
Sports
Staying Fit
Technology
Travel
Web Design
Weddings
Weddings
Weddings
Women Only
Writing
 
Stats
Total Articles: 476
Total Authors: 34
Total Downloads: 1572082


Newest Member
Jesse Gammon

 


   

Credit Score - How Do I Fix My Credit Score or FICO Rating?



[Valid RSS feed]  Category Rss Feed - http://www.articles23.com/rss.php?rss=228
By : Ron Lovell    99 or more times read
Submitted 2012-03-24 16:36:16
With the knowledge of how your credit score is calculated you can focus your attention on making the right moves to help boost your ratings no matter what your current financial position might be.

You need to understand first and foremost that your credit score is simply a reflection of how the lending institutions view the data that is presented to them by the credit bureaus and how they 'expect' you will be able to repay your bills based on historical recording of data from a vast number of other people.

You need to look at that same data and look at how you can improve your position in the eyes of the lending companies.

If you can make your position more favorable to the lenders by helping them see that you are the type of debtor who can pay your bills on time you will get funds more easily.
The information that the credit bureaus get comes from various different sources including the credit card companies and utility companies.

From the time that you open a bank account, start paying bills or borrow money from someone the credit bureaus will start a credit file on you.

This file will document any defaults of payment, late payments and anything else that will affect your credit score by providing potential lenders a snapshot of your financial performance.

If you pay your bills late the companies you owe the money to will inform the credit bureaus and then will note this on your profile.
The more of these bad transactions that are noted the lower your credit score can become.

There are other factors that will also affect your credit score and these are also noted on your profile including the types of debts that you have, how much debt you have, and how well you pay these debts back.

The credit bureaus won't disclose how they calculate their formulas but recent financial history will generally have more affect on your credit score than older information.
Author Resource:- Ron Lovell can be found at: Loans For Students or Student Loans hostgator coupons
Article From Ezine-Articles 23

Related Articles

HTML Ready Article. Click on the "Copy" button to copy into your clipboard.




Firefox users please select/copy/paste as usual
Rate This Article
Vote to see the results!

Do you like this article?
  • Yes.
  • Not Sure.
  • No.
New Members
select
Sign up
select
learn more
Affiliate Sign in
Affiliate Sign In
 
Nav Menu
Home
Login
Submit Articles
Submission Guidelines
Top Articles
Link Directory
About Us
Contact Us
Privacy Policy
RSS Feeds

Actions
Print This Article
Add To Favorites

 
Sponsors

Purchase this software