Credit score greatly affects a person to obtain new credit cards, loans for cars, houses and so on, because the moment you submit credit card or a loan application, bank or financial institution will check your credit history, credit reports and credit score you have .
When everything is in good condition, it means you [...]
Most worry about their credit after bankruptcy due to various unpleasant incidents that has occurred in the financial world in the last decade. People worry whether they can keep their credit card, get new credit or whether their credit record history is ruined.
Credit cards following bankruptcies should be declared as debt without which it [...]
Tags: bankrupcy, credit score, keep credit, repair credit
Credit score formulas have recently changed affecting the qualification of some borrowers when financing a home purchase or refinacing a mortgage. Here are the main changes:
1. Ratio of Balance to Limit
The ratio of account balance to the amount of credit available appears to have more influence on the credit score formula. The less available credit [...]
Tags: credit score, credit score changes, mortgage, new home sales, refinance