http://boards.weddingbee.com/ Weddingbee Boards Topic: Credit Score Confusion en Mon, 23 Nov 2009 06:15:15 +0000 http://boards.weddingbee.com/topic/credit-score-confusion#post-249931 Mon, 06 Jul 2009 13:44:08 +0000 Natakie16 249931@http://boards.weddingbee.com/ <p>I use Credit Karma to check my score each month, it's a soft score, so it does not affect your credit report (but it does show up that you checked, just doesn't lower it). Anyway, a couple months ago, I goofed and paid a store credit card 2 days late. My score went down 10 points! However, the next month it was back up, but unfortunately, it does affect it sometimes. :( </p> http://boards.weddingbee.com/topic/credit-score-confusion#post-249435 Sun, 05 Jul 2009 23:05:12 +0000 plumeria 249435@http://boards.weddingbee.com/ <p>Cupcake, I think if it was only a few days it won't affect it much, if at all.&nbsp; If it was over 30 days late it will show up as so on the report.&nbsp; There are so many other factors that go into computing the score though.&nbsp; If paying a few days late once is your only offense and you're clear in other areas, your score shouldn't suffer. </p> http://boards.weddingbee.com/topic/credit-score-confusion#post-249359 Sun, 05 Jul 2009 21:37:19 +0000 flamingo 249359@http://boards.weddingbee.com/ <p>Credit Score in Canada isnt the same...</p> <p>so I cant really give my take on it.<br />But I have several credit cards, and even if I made a couple of late payment in my whole life, that hasnt affected my credit score.<br />If you have more than one credit card and you dont use it... call to cancel it. (That looks really good in your file - the fact that YOU requested to cancel the card)</p> <p>Well, it makes a difference here in Canada </p> http://boards.weddingbee.com/topic/credit-score-confusion#post-249353 Sun, 05 Jul 2009 21:33:48 +0000 cupcake 249353@http://boards.weddingbee.com/ <p>Another question since now I'm thinking about this subject... how much do one or two late payments affect your credit score?&nbsp; Do utility payments count towards your credit score?</p> <p>In the month or two before our wedding I had so much going on (wedding stuff, my grandmother passed away, job stress) that I was a few days late paying one of my credit card bills -- total accident, I thought I had set up my billpayer to do it but had never pressed &quot;submit&quot; because I was such a scatterbrain. I promptly paid and called my credit card company to see if they could waive any sort of late fee because it was the first time I had been late, but they wouldn't budge.&nbsp; How poorly does this reflect on my credit? </p> http://boards.weddingbee.com/topic/credit-score-confusion#post-248892 Sun, 05 Jul 2009 04:13:22 +0000 ipodgirl 248892@http://boards.weddingbee.com/ <p>According to Experian.com, the U.S. average credit score is 693, generally a score above 700 is considered good.</p> <p><a href="http://www.experian.com/credit-education/what-is-a-good-credit-score.html">http://www.experian.com/credit-education/what-is-a-good-credit-score.html</a></p> <p>&nbsp;</p> http://boards.weddingbee.com/topic/credit-score-confusion#post-248135 Fri, 03 Jul 2009 14:43:07 +0000 kurlynut 248135@http://boards.weddingbee.com/ <p>Just curious, does anyone know what is considered to be a &quot;good&quot; credit score? </p> http://boards.weddingbee.com/topic/credit-score-confusion#post-248124 Fri, 03 Jul 2009 14:20:46 +0000 Chreee123 248124@http://boards.weddingbee.com/ <p>Thank you for all the suggestions and advice - I'll be doing some reading and research of my own too. Happy 4th of July weekend :) </p> http://boards.weddingbee.com/topic/credit-score-confusion#post-246721 Thu, 02 Jul 2009 07:40:40 +0000 Gerbera 246721@http://boards.weddingbee.com/ <p>I don't think that you have to have a &quot;debt&quot; perse to get higher credit rating. It's the fact of establishing <em>good</em> credit. If you don't have credit cards you can not establish credit. Good or bad. I'm not saying to run out and apply to 50 million cards. But if you're fairly young, have not much in your name then it makes sense that your credit is about average.</p> <p>You can go to <a href="http://www.annualcreditreport.com/">www.annualcreditreport.com</a> yearly and get a full detailed credit report from all 3 agencies. They are the ONLY FTC (Federal Trade Commision) authorized source to get your free credit report. I recommend doing this yearly and looking through EVERYTHING. If they have your name wrong, listed addresses wrong. Credit cards that they think you have. This does NOT affect your credit score.</p> <p>If you're truly worried about it I would look more into it -like you already are- from reliable sources. Don't listen just to us, after all we're just the average Jane as well. :) Keeping a good credit rating is easy, getting rid of a bad one is MUCH harder. An average bad report on your credit report can stick around for 5-7 years.</p> <p>Here are some more useful tips: <a href="http://www.ftc.gov/freereports">http://www.ftc.gov/freereports</a></p> <p>&nbsp;</p> http://boards.weddingbee.com/topic/credit-score-confusion#post-246657 Thu, 02 Jul 2009 01:15:43 +0000 kdlowery 246657@http://boards.weddingbee.com/ <p>I am with poli2b.&nbsp; I am lucky and have a very high score.&nbsp; I am only 22, but here is how I got it:</p> <p>-Before I left for college I needed a new PC and wanted to pay for it myself, I got approved for a 500 best buy card and then paed some cash, maxed out the card and then paied it off in like 3 months.</p> <p>-got a &quot;personal loan&quot; for 3000 to buy a car from my grandpa. no late payments</p> <p>-pc broke and needed a new one.&nbsp; I do a lot of photo editing and gaming so I needed something that could handel it.&nbsp; I had good credit by this time, so I got approved for the best buy mastercard, used half the max for a pc and am paying it off slowly but surly.</p> <p>What I find really funny is that becuase im a student and dont have too much of &quot;provable income&quot; because I work in tipped based jobs(bartending.&nbsp; My debt to income ratio was too high for me to get a car loan, but my FH who has a crap credit score was able to be a co borrower with me bc he has a decent income...but he cant get a loan b himself for anything...</p> <p>&nbsp;</p> <p>Also, with the preapproved credt card stuff... I just looked at my credit report and there are no inquries on there that we didnt make for the car loan, and I have been getting those offers since i was 17.&nbsp; If you really are concerned about them hurting your score and you dont need a new line of credit in a hurry you can alwaays put a freeze on your credit.&nbsp; That basically makes it impossible for anyone to hit it or open a new line of credit without you calling and unlocking.&nbsp; It takes passwords and personal info to unlock it so not just anyone could do it.. I knwo people that have done that after having identity theft issues. </p> http://boards.weddingbee.com/topic/credit-score-confusion#post-246110 Wed, 01 Jul 2009 15:48:26 +0000 irmango 246110@http://boards.weddingbee.com/ <p>your score depends on many things. if your debt-credit ratio is high, that can hurt your score. paying it off monthly, whether in full or not, helps you because it shows a good track record. having a card active for a long time is good for the same reason. opening and closing lots of credit cards hurt your score. credit scores are strange and each of the 3 major credit bureaus calculates it differently. </p>