Question by Lars: I have a 590 credit score and need to raise it in order to get a refi on house,whats the fastest way to do it?
Need to refinance by May, otherwise my payments go up $ 500. Is there a chance I can refinance at a lower rate and whats the fastest, easiest way to boost a credit score?

Best answer:

Answer by GG
quickly pay off some existing debt

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Question by John P: Does giving our fico score,cash down number help while making an offer to a short sale property ?
I have a very good credit and 20% cash down for my home.
I am planning to make an offer for a property which I liked, so during the offer does it help if I give my FICO score and how much cash I am willing to pay for the property? (lets say its 20%) of the property ?

Best answer:

Answer by Steve D
Not really…the acceptance will be based on the size of the offer – you should, however, probably walk in with a pre-approval (not a pre-qualification). The down payment only matters to your mortgage company – the bank selling is going to get cash either way and they won’t really care as to the source of the cash.

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Question by djofir4u: Will adding my spouse as an authorized user on my credit cards raise our FICO credit score?
What I want to know is whether adding my spouse to my credit cards and her adding me to her credit cards increase our FICO scores? We both never missed a payment and were always on time to all of our credit cards. Thank you for your help.

Best answer:

Answer by britgirl
It actually may lower it. The more available unsecured limit for spending, the lower your score.

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Question by gokusgirl_2000: What is the scale on credit scores? Does it differ from state to state?
Meaning what numbers generates poor to outstanding credit

example:

100 – 300 poor
400 – 500 some what poor

Note – that is only an example, just to help get my question answered.
I’m not asking how I could obtain my own credit score, I want to know what is the levels of credit score numbers that ranges from poor to outstanding. Thanks for the input.

Best answer:

Answer by wh1tedragons_g1rl
300 poor 850 great i just went on the website a few days ago to get mine.

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Question by Chris A: Where can I find a 95% stated mortgage loan with a 660 credit score for purchase?
660, purch, stated or bank statements, self employed, 95ltv o/o

Best answer:

Answer by reality
No, you can’t, only full doc, FHA with 5% down.
Good Luck!

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Question by debr: loan with a 660 experian credit score. I need a lender that only pulls the experian credit score.?
I am looking for a credit card or personal loan, I need a lender that only pulls the experian credit score since this is my highest of all 3 scores- 660, I am looking for no less than $ 10,000 in the form of a loan or credit card to consolidate some bills. Who should I go to?

Best answer:

Answer by beachlover
when a lender looks at credit they they all take the middle score not the high or the low the middle figure yout how you can raise your middle score

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Question by Eva C: Where would I find the credit scoring scale?ex:400-500=poor?
I was just looking to see where my credit score puts me. As far as poor,fair,good, excellent.

Best answer:

Answer by catty
On the Internet.

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Question by david m: Which credit card offers the highest limit for someone with credit score 650-699?
I am trying to raise my credit score by spending low on a credit card with a high limit. I currenty have a 652 credit score. Which card would offer the best chance to raise my credit this way?

Best answer:

Answer by wcome2myworld
VISA

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Question by No one in particular: Is a 660 Credit Score good enough to qualify for current car lease offers?
I am looking at Mazda and Hyundai.

Best answer:

Answer by whocares
its borderline. if so, you certainly wouldn’t get the best rate, you might be approved at a materially higher rate.

Rethink leasing. (Fleecing). Its a very bad idea for 98+% of people.

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Question by SUVCURIOUS: I have a 630 credit score. What kind of interest reate can I expect to get for a new auto purchase/lease?
I’m looking to lease/buy a BMW X3. Which is the best way to go for me? MSRP is approx 40k. Thanks!

Best answer:

Answer by drtestprep
First, don’t lease a car if you are the type who puts on more than 12K miles a year or who likes to put “extras” on his car. The over charges will kill you. And after three years you will have nothing to show for your lease payments but a large dent in your bank account.
As for your interest rate, a 630 score shows some problems in the past. Perhaps a bankruptcy 7 years or so ago or some late payments. With a 630 the average BMW dealership–if you can get them to give you credit to begin with–will charge you upwards of 12% a year. Even if you could refinance through another company, 9.9% will be about the lowest you can expect. If you put 10K down, that comes out to a 5-year payment (if you buy) of around 700/month. On a 3-year lease, it would run around 550 / month. If you put less down, well, you will be close to $ 1000 a month.

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Question by : How long before payments improve your credit?
For example. If you owe 4r companies 500 dollars each. Your current credit score is 590. How long will it take to come off your credit if you pay those creditors their money? Also about how many points would your score go up from 590?

Best answer:

Answer by cainvest1
Here are the eight factors that impact your credit score:

• Payment History (30%)
• Amount of Credit Used (20%)
• Amount of Cash flow (15%)
• Types of Credit (10%)
• Credit Balances (10%)
• Amount of Available Credit (5%)
• New Credit Lines Opened (5%)
• Length of Credit History (5%)

Your payment history weights high on the FICO score. Paying on-time and paying off debt has the greatest impact on improving your score.

It is impossible to determine how much your score will increase as all these factors are taken into account.

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Question by JJ: Who should i talk to about getting a 50 loan with a 660 credit score?
I tried at wells fargo bank and they said my credit card balances were too high. is there a lender that will actually finance me.

Best answer:

Answer by Mr Goodhi ©
Credt union?

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Question by b_j_sanchez: How much and how fast will my credit score improve?
I had 6 cards and I am paying all of them off only 1 still has a balance and I am almost done. I closed 2 of them because I figured 6 was way too many. But I have also heard not to close your credit cards when you pay them off. Any advice what I should do with the 4 remaining ones? Close 1-2 more or leave them all?

As I pay them off how fast and how much can I expect to see my score improve? It’s currently around a 590 and I don’t know why it’s so low I was only late once or twice and never more than 30 days. I’ve been working in paying them off for a while now and haven’t seen it go up at all.. what gives?

Best answer:

Answer by Joseph, II
Keep the REST of your Cards Open (but without a Balance); make SURE you’re paying everything ELSE on time…- & try to be Pacient. Credit scores do NOT go up- overnight… If you can get a 100 point Improvement by this time NEXT Year- you’ll be doing ok… But be FOREWARNED; ANY mess-ups on YOUR part- will cost You MONTHS on repairing your Credit Score (if not Years…). Credit is aLOT easier to LOSE- than to get Back…

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Question by Becka: Has the national credit score average gotten worse since the economy crisis?
Just curious….everyday you hear about banks and big companies going bankrupt, and people losing jobs…so I was wondering if as a “whole” the U.S seen a drop in average credit scores since the economy has been rough.

Best answer:

Answer by stan c
When people lose their jobs, it will effect their credit score since they no longer have the funds to pay their accounts on time.

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Question by s1sm00n: What is the best way to improve credit score if I have no credit?
I am debt free and have been since my bankruptcy over 12 years ago. I recently looked into getting a mortgage, but was told I can’t get one because my credit score is too low. I went on freecreditreport.com and got a copy and there are some things on there that are not identified, and I don’t know what they are. So, how do I have those removed? I am assuming that will improve my credit score so I can get a mortgage. Advice is appreciated!

Best answer:

Answer by Rae♥♥ NYPD
Purchasing things that would take months to pay.

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