Browsing the archives for the rating tag

How does going to a Credit Counseling service affect your credit rating?

in Credit Report Laws

My credit score is so low, I’m gonna need a backhoe to dig it up, but I don’t want to make it worse by going to a credit counseling service. Will I be able to buy a house while making payments to said service?

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Do all bills affect your credit rating or just credit-related bills (such as creditcards, loans, mortgages..)?

in Equifax Credit Report

I understand that credit card accounts, mortgages, and things like car loans will affect your credit score majorly depending on when you pay, your balance, etc… But how much, if any and when, do other bills (insurance, internet, phone, medical..) affect it? And if they do, will paying them off fix this? I recently was [...]

9 Comments

What is the difference between TransUnion, Equifax, and Experian and how do they calculate our credit rating?

in Equifax Credit Report

I paid off all my debt the later part of 07 except for one thing so I pulled my credit to see if my rating changed and all three companies had a different score. The one outstanding bill I have is shown twice under two different companies but the same account number. Which company do [...]

1 Comment

I decide to payoff bad items on my credit report, how long until my rating goes up?

in Transunion Credit Report

I am not sure about my transunion or equifax reports, but my experian report shows my rating at 529. I have $9000 in debt. With 0% credit available. If I start paying off these items, and bring them out of the red to current, will my rating go up? I have all red items on [...]

3 Comments