Question

 What is the meaning of a credit rating?

Answer An individual credit rating compiles a person's financial history, including debt and ability to make payments. This information creates a score that lenders use to determine whether they should ap... Read More »
http://www.answerbag.com/q_view/1912942

Top Q&A For: What is the meaning of a credit rating

What is the highest rating you can get on a credit rating?

The FICO credit score ranges from 300 to 850, with 850 being the highest possible score. The FICO score, calculated by the algorithm created by the Fair Isaac Corporation, is the most widely used c... Read More »
http://www.answerbag.com/q_view/2106958

Does it hurt a credit rating to cancel a paid off credit card?

Closing a paid off credit card can lower your credit score because that card will no longer report that you are on time with your payments each month. In addition, it will increase the percentage o... Read More »
http://www.answerbag.com/q_view/1881856

Upon cancellation delinquent travel charge cards may be reported to credit bureaus or similar entities and can affect your credit rating?

Can your credit rating or score improve without using your credit card?

On One Hand: Using Credit Cards Improves Credit ScoresIndividuals can improve their credit score by regularly using their credit cards. An individual's credit score is determined by the status of t... Read More »
http://www.answerbag.com/q_view/1994463


feedback
loading