Browsing the archives for the POINTS tag
The whole credit scoring system is very confusing to me. I have read and researched that FICO scores from TransUnion and Equifax are supposed to be the most used by major lenders for auto loans and mortages for homes that are real scores. This is compared to third party companies that offer free scores called [...]
I have been without work and i finally had money to start paying my credit card bills. I started paying then all of a sudden my score dropped 15 points. I paid down both of my credit cards which were way over the limit and Chase took away all my overlimit and finance charges after [...]
I want to apply for an apartment but they need a 625 credit score. I lost my job for a few months and am now behind on two accounts. My credit score is 597. I can bring the accounts current in less than three weeks but will just that be enough to raise my score [...]
The only thing that I can remember doing “wrong” was, I charged many of my cards almost to their limit, like about $100 away from the limit on a few $3000 cards, and about $13500 on a $15,000 card, however I was planning on paying most of that off this month.
I am just curious to know how the point system works with credit scoring. When I have inquiries to drop off of my report, how many points am I going to gain? Also, the same with old accts?
