When a leasing company checks your credit, do they look at your report or score?

I am somewhat worried about the credit check a leasing company will be doing on me once I apply for an apartment. I have checked my credit and I believe that my credit report will get me the apartment with no problem, but my credit score is above average (not excellent) and I don%26#039;t want that to be an issue. Do leasing agencies tend to look at your report, your score, or both?

Thanks!

When a leasing company checks your credit, do they look at your report or score?

Both.

Your credit profile is even more important then your score.

I look at credit every day and see people every month with scores over 700 that can not buy a car because their score is made up of 1 credit card with a $500.00 limit paid 15-times and a couple of student loans.

While this produces a great score it doe%26#039;s not show the ability or willingness to actually pay anybody.

When a leasing company checks your credit, do they look at your report or score?

Both

When a leasing company checks your credit, do they look at your report or score?

Both, they look for the score and for any forclosures or if you got kicked out of another apt complex

When a leasing company checks your credit, do they look at your report or score?

both but it wont affect your credit

When a leasing company checks your credit, do they look at your report or score?

yes

When a leasing company checks your credit, do they look at your report or score?

Both, and above average should get you pretty much anything you might apply for, apartment included. Your report will tell them more based on late/non-payments %26amp; your above average score will just re-insure them that you will be a good credit risk. Don%26#039;t worry, you%26#039;ll be fine.

When a leasing company checks your credit, do they look at your report or score?

Both. They%26#039;ll look at your report to see what kind of accounts you have and if they%26#039;re in good standing. They%26#039;ll also look at your credit score because that is what determines how big of a risk it is for them to go into business with you.

If your score is decent, then don%26#039;t sweat it! Good luck!

When a leasing company checks your credit, do they look at your report or score?

They look at both what your score is, and what items you have that have affected that score. A leasing agency isn%26#039;t like a mortgage company, where your raw score is a straight assessment of your risk factor. The leasing agent wants to know whether your score is due to the fact that you have medical bills (for example), or because you have been sued by a previous landlord. Sometimes people with a lower score are taken before people with slightly better credit because of the person with the better credit having an eviction or fluctuation in employment.

When a leasing company checks your credit, do they look at your report or score?

Both are looked at. Your score is a estimate as to how you will pay. The also look at the type of credit to show up on your report. Utility collections usually are not good. Medical bills can typically be looked over. If you have good credit and a decent score you should be just fine.

Can closing a credit card account too early hurt your credit score?

I opened a credit card account with my bank in December. I have made some purchases and will have the balance paid off soon. I am relocating to a new job, and my bank is not located in my new city. I will be closing my checking account with my bank, and would like to close my credit account with them also. Will this hurt my score, since I have had the account, for such a small time?

Can closing a credit card account too early hurt your credit score?

Sorry but you need to keep that account open for 2 more years and don%26#039;t use it. Part of your credit score is determined by the amount of available credit you are using. For example, if you have 4 credit cards, each with a limit of $2500 for a total of $10000. If you owe $2500 total you are using 25% of your available credit. But if you close one of those accounts then you have a credit limit of $7500 and you are using 33% of your available credit, which will lower your score.

If the card is inactive for 2 years or more closing it will not hurt your credit score.

Edit

I would still keep them both open as long as you do not use it. Closing a credit account can actually hurt your credit score. Visit the link below as Clark Howard knows a lot more about this stuff that i do.

Can closing a credit card account too early hurt your credit score?

No the time it is open don%26#039;t matter. Paid off is good

Can closing a credit card account too early hurt your credit score?

No-your credit report will show that you chose to close it out (as opposed to the bank closing it on you). The important part is that you were never late (I%26#039;m assuming), and that it%26#039;s paid off).

Can closing a credit card account too early hurt your credit score?

I think your real question is how will closing your credit card account affect your credit score if you choose to close it as a result of moving. Your FICO score takes into account your debt ratio. That is how much credit you have versus debt. If you pay the balance on your credit card you%26#039;ve got that credit limit as a positive thing. This will help to boost your score. Actually, Suze Orman, provides answers for your question much better than I am doing. She%26#039;s an excellent reference.

Can closing a credit card account too early hurt your credit score?

It depends. If this is your first credit card, then keeping it might help your credit score as long as you keep a low balance. Credit scores are driven by having credit accounts but keeping low balances.

If you have other credit cards, then it is not a good idea to keep open an account you dont intend to use - because someone might just try to use it themselves.

Can closing a credit card account too early hurt your credit score?

Closing and opening credit card accounts does impact your score, but only for a short period of time. If you have no debt, you%26#039;ll be in good shape. To build up strong credit, it%26#039;s important to have a few cards that you leverage and pay off on time.

Do you know your Credit score? What is it?

How many people know what their credit score is? What is yours?

Do you know your Credit score? What is it?

Not many people know their credit scores and even when they do it usually continues to change due to various reasons, main one has to do with purchase transactions. Every time we buy something using our credits and not cash, it can affect towards our credit score points. With time and with prompt payments, fico scores tend to increase. The biggest credit purchase that can affect or help our FICO (credit score) go either up or high is a home loan. If your fico was somewhat bad at the beginning, within 6 months of good/prompt payments your score benefits in a big way. On the other hand, if you ever miss a mortgage payment, your credit goes way down and takes longer to fix it. Mine: fair.

Do you know your Credit score? What is it?

Yes, mine is in the excellent range!

Do you know your Credit score? What is it?

No but I do know it%26#039;s not very good.

Do you know your Credit score? What is it?

There are many ways to do it. If you live in New York State, the state law says you are permitted to receive one free report per year, you%26#039;d have to go to a bank for that.

Sometimes you can see them for free, sometimes you have to pay. You can go to your bank and ask them, when you apply for almost anything - to rent, buy a car, home loan - a credit report is produced and you can ask for a copy.

You can also use pay (or sometimes free trial) subscriptions at any other the three major credit bureaus - equifax.com, transunion.com, experian.com. Those are the three credit bureaus that together compile your credit history.

Mine is excellent.

Do you know your Credit score? What is it?

My credit is very well it is on the 8th page scale. usually credit average in us is 672

Do you know your Credit score? What is it?

Yes 799 out of 800

Can somebody explain the difference from credit score of 300-900?

id like to know how high should a score be to qualify for any kind of credit

Can somebody explain the difference from credit score of 300-900?

You can qualify for %26quot;any kind%26quot; of credit with any score. THe higher the score the better you%26#039;re treated ratewise. Ideally you should be over 720 or 740 (depending on lender) to get the good rates/approvals.

If you%26#039;re under 640, assume you%26#039;ll get high rates and low limits.

Can somebody explain the difference from credit score of 300-900?

The higher your score, the better interest rate you get. The lower your score, the more you will pay in interest. A good credit score saves you money. Most lenders believe that a credit score of 640 or above is a good risk.

Finally paying off student loan, will credit score increase?

i was irresponsible for the last 4 years and my student loan went to collections. I%26#039;m finally making decent money and I%26#039;ve began paying back my loan, my question is will my credit score begin to increase because i%26#039;m paying this off now on a monthly basis or will it only increase once the loan is fully paid off which will be in like the next 5 years.

Finally paying off student loan, will credit score increase?

The Department of education reports monthly to the Credit Unions. My son has a student loan and there are a couple years worth of monthly payments on his.

It will take a few months of on time payments. Did you talk to the Student loan people and get a new payment plan or did you just start sending money in or what?

Whatever agreement you made with them, you need to make sure you are paying on time. If you stop working and can%26#039;t pay, call them and get a hardship deferment so it does not go into default again.

Your score will start going up gradually as you continue to make on time payments. You probably won%26#039;t see much of a difference for 6 to 8 months though.

Finally paying off student loan, will credit score increase?

Depending on who the loan is through and how often they report to credit departments.Although an account in good standing while paying off will increase the credit score faster

Finally paying off student loan, will credit score increase?

It depends on the collection agency that holds them. If they report to the bureaus, it will help...slowly. Ask the agency if they do. What this will show is the original, balance, and the payment and what ever the new balance is, similar to an installment loan or credit card payment. But it does take time and most importantly make all payments on time!

Good luck!

Finally paying off student loan, will credit score increase?

your credit score changes like every 3 months-the more payments you make the better your score will be

Whats the fastest was to add points to your credit score?

I applied for a loan through a mortgage broker and was told I need my score to come up ONE point. There is a 4 year old collection (from a cable company when i have had direct tv for 7 years they say its for this address and my name)on there for 75$ that I called about and offered to negotiate but they wouldn%26#039;t and refused to take it off my credit report even if I paid it, the other thing the mortgage broker suggested was that I pay down a credit card to under half the limit, I will do this but how long will it take to show? I could also try another mortgage company but won%26#039;t the added inquiry cost me points? how any points will I gain from paying that 500$ credit card down to under 200$

Whats the fastest was to add points to your credit score?

I would definitely pay down the credit card balance. But what I would do is split up the payments. Anytime that you make overpayments and or pay more than the minumum payment, that helps your score. Since 30% of your score depends on the ratio of available credit to what your debt is, I%26#039;d suggest paying the CC completely.

Whats the fastest was to add points to your credit score?

It is hard to say how many points your score will rise because the no one knows the exact algorithm that the three main credit bureaus use to calculate their scores.

But I would definitely recommend paying down the credit card balances because your debt-to-credit ratio is the second biggest factor in determining your FICO credit score (in the current FICO score model). So the lower the balance, the better off you are.

Whats the fastest was to add points to your credit score?

Clear your credit card completely, it souled only take days to improve your score. Another way is to get a small loan form your bank, hold it for 2 weeks then pay the whole lot back. The interest will be minimal but will add several points to your score.

How much does it affect my parent's credit score if they cosign a consolidation loan?

My parents have a credit score above 720 and mine is lower (620s), so I want to ask them if they%26#039;ll co-sign a consolidation loan for my student loan debt ($89,000). How much will it affect their credit score if they cosign? I%26#039;ve never made a payment late or gone over the limit on my cards, I just don%26#039;t have a very long credit history.

How much does it affect my parent%26#039;s credit score if they cosign a consolidation loan?

If your parents co-sign the student loan consolidation, it will only hurt their credit if you were late on your payments. As you are the primary applicant, the debt will reflect on your credit report.

One cannot accurately predict the effect this loan will have on your Parent%26#039;s credit, it will depend on any debts that they have outstanding, Debt to Income ratio, lenght of credit history and so forth.

You should shop around to get the best rate possible. Here are a few good links:

www.consolidateplus.com

www.freedomstudentloans.com

They offer a free consultation. Hope this helps.

How much does it affect my parent%26#039;s credit score if they cosign a consolidation loan?

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How much does it affect my parent%26#039;s credit score if they cosign a consolidation loan?

It depends upon how much debt they already have. It will increase their debt and payment ratios, which will impact their score. How much of an impact really depends upon so many factors that we don%26#039;t know, whilst the formula isn%26#039;t public knowledge.... so any thing we say would just be a guess.

How much does it affect my parent%26#039;s credit score if they cosign a consolidation loan?

it doens%26#039;t affect their score unless you don%26#039;t pay. it will affect their ability to get a loan because they are on the hook for yours.

How much does it affect my parent%26#039;s credit score if they cosign a consolidation loan?

As long as u pay on time than u will be helping their credit. If u forget pymt.%26#039;s then it will effect their credit in a negative way. i think they should be OK w/ the loan if ur good at pymt.%26#039;s.

How much does it affect my parent%26#039;s credit score if they cosign a consolidation loan?

if you merge credit scores on a contract it does effect them, about 50 points if you figures are right.

You should be able to get a loan on your credit yourself. They just want a better source of repayment on the line. It will also effect your parents like that have the debt on their credit if they try to get a loan also.

How much does it affect my parent%26#039;s credit score if they cosign a consolidation loan?

Its exactly as if it was there loan (which it is). The added debt goes on their record and if you miss or are late on a payment it goes against them as well (and you also). Its pretty hard to tell how it would effect the 720 without knowing the details of their other credit.

Good luck

How much does it affect my parent%26#039;s credit score if they cosign a consolidation loan?

you should pay off your own student loan - consolidation can get you in real trouble, %26amp; student loan rates are going to be lower. If you paid that much to go to college, you should be able to get a high enough paying job where you can pay it off yourself. Just make it a priority in your budget before you start buying expensive cars %26amp; blowing it on junk - your credit score will get higher that way

How much does it affect my parent%26#039;s credit score if they cosign a consolidation loan?

You could try to google it ,here is some direct resource might be helpful.http://studentloan.online-helpers.info/c...