Is your Score low or do you just think your Credit Score is low?
Do you know some of the ways to increase your Credit Score?
What is the Credit Score # from your past some lender gave you and when was that?
Why Is My Credit Score So Important?
Your credit score is used by lenders to represent your overall level credit risk. It is essentially a numerical summary of the information in your credit report. The higher your score, the better your credit, and the more likely lenders will be to give you a favorable interest rate on a loan. Each of the three major credit bureaus has its own method for determining a credit score, but they are essentially equivalent.
How Many Credit Reports Do I Have?
Most consumers have three credit reports in their name — one from each credit reporting agency (TransUnion, Equifax, and Experian).
How High Or Low Can My Credit Score Be?
Credit scores range from 350 to 850 - the higher your score, the more favorable interest rates you will receive on a loan.
Will Checking My Credit Report Adversely Affect My Credit?
Requesting your own credit report will not affect your credit rating. On the other hand, inquiries such as mortgage, loan and credit card applications will affect your score if several of these inquiries occur over a relatively short time frame. Some studies have indicated that this suggests you may be a higher credit risk.
They use them in a variety of ways, too:
1. Determine the interest rate they will charge for a loan, or in the case of an insurance company, the discount they may offer on an insurance policy.
2. Decide whether to extend credit, how much credit to approve, whether to increase (or lower) a customer’s credit limit, or even to close a risky account.
In a way, then, there is no such thing as a “bad credit score,” since the number itself doesn’t mean anything until a lender decides how to use it.
In other words, a credit score is only bad when it keeps you from whatever you are trying to accomplish, whether that is to refinance a loan, borrow at a low interest rate, or get the best deal on your auto insurance.
But in the real world, there are some assumptions that can be made about credit scores that fall into different ranges. When you are reviewing a credit score where the range runs from 300 – 850, you can generally assume the following:
Excellent Credit: 750+
Good Credit: 700-749
Fair Credit: 650-699
Poor Credit: 600-649
Bad Credit: below 600
Here is a good Web Site to help you improve your credit score ----
Real Estate and Homes for Sale in the Cleveland Ohio and Sandusky Ohio Areas Searching for Ohio real estate? Russell Real Estate can help with all your property needs. Russell Real Estate Services Cleveland real estate, Sandusky real estate, and all surrounding Ohio real estate markets. Our agents can help with all your real estate needs, whether you're in Cleveland, Westlake, Brecksville, North Ridgeville, Strongsville, Medina, Amherst, Hudson and Sandusky
Search our more than 560 real estate agents serving Cleveland, Sandusky and more. Russell Real Estate Services has eight offices across the Lake Erie coast of Northern Ohio.
* OPEN HOUSE *This Sunday, the 22nd 12:00 - 2:00Contact the PK Team if
""Diane has been a great asset to all our realty needs, what ever needed to be done in the transactions she made sure everything went smooth and kept things on track for a quick closing. We highly recommend her to handle your real estate needs. ""