Question

 How much will having excess debt lower a credit score?

Answer Excess debt can lower your credit score quite a bit because owed debt accounts for 30 percent of the credit score. The exact impact of debt can vary widely, however, as other particulars of the deb... Read More »
http://www.answerbag.com/q_view/1868337

Top Q&A For: How much will having excess debt lower a credit...

Is Revolving Debt or Installment Debt Better for Your Credit Score?

While reviewing your credit report, you may notice some debts marked as "revolving" while others are labeled "installment". Although these types of accounts are very different, having both on your... Read More »
http://www.ehow.com/facts_6371517_revolving-debt-better-credit-score_.html

How to Eliminate Credit Card Debt Without Hurting Your Credit Score?

Owing a large credit card debt can hurt your credit score. If your debt-to-income ratio is too high, your score will be low. The best way to eliminate credit card debt without hurting your credit s... Read More »
http://www.ehow.com/how_8517383_eliminate-debt-hurting-credit-score.html

Does reporting a credit card stolen lower your credit score?

Reporting a credit card stolen does not lower your credit score. Some actions that can lower your credit score are late or missed payments, too many inquiries for new credit at one time and unpaid ... Read More »
http://www.answerbag.com/q_view/2231991

Does cancelling credit cards lower your credit score?

The Federal Deposit Insurance Corporation states that canceling your credit cards can lower your credit score if they have been opened for many years. Credit scores are based on the number of years... Read More »
http://www.answerbag.com/q_view/2123348


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