Let us call it the ‘Credit Score’
It is the sum or the vie for authority on the life of a borrower. With the advancement of technology, people with good credit records gain purchasing power.
The scale of the credit score is thus extremely important. How do you judge its worthiness?
Above all, take a huge stock of everything you see or read in major media about the specific topic being considered: credit history. Each of the above cited facts constitutes a pre-set ‘presence’ or pre-estimate of your very personal credit report.
Therefore, consider all the facts and divide them according to the importance of the credit score:
‘Obtain sufficient income to live comfortably;
‘Pay bills in full each month;
‘Keep score of transactions that take place at least once.
‘Keep a list with companies that you know to be scams.
Let us apply a comparison to these facts.
The ‘number of transactions’ is based on a percentage scale. These percentages represent a billionth of a trillionth of a%, with a fixed max value and a value for fixed entities.
For example, there are oil companies that have a max value of $333.73. There are real estate and financial advisers that sell. There are lawyers who handle everything from contract work to settlement and settlement fees.
The answers for the ‘number of transactions’ to those for the ‘number of fixed transactions’ are much the same. There is a fixed max max limit and a fixed min max limit.
Let us just say that for the credit score of a loan, there is a fixed max limit and a fixed min limit.
The fixed value of your credit score, these are listed accurately against the interest rate or rate of your loan on the loan.
In short, every factor is intended to give an accurate record of your debts. And none of the other factors is meant to determine that you have perfect creditworthiness.
So, as you can see, the importance of credit history has never been more clearly demonstrated.
So consider one of your credit options.
Credit Score Statistics – Are You Living Up To Your Credit Records?
Do you own a credit score? How can you tell whether you are really a good borrower? Well, today we’re going to take a look at the needs of a credit score and the measures you can use to help you improve it.
A credit score is a statistical method that measures your credit history and credit worthiness. Credit scores are intended to judge whether you are a reliable borrower and whether you will repay your debts quickly or very much at all. Generally a good score is judged by taking your debt and assets into a formula which identifies your ability to repay the debt.
If you are not carrying any other forms of income, a ‘good credit score’ could be considered evidence of this. A score from one leading financial institution is still considered evidence of this. Many financial advisers now target very poor borrowers. They assess a range of potential routes to repay the loans, estimating the likelihood of them servicing their repayment commitments and then comparing these with those existing accounts that you currently have.
A poor credit score can lead you into many areas of debt. For instance, you may find yourself with an allowance that has been difficult to repay because of your son’s house and your child’s tuition fees. You may also have to pay high finance charges because of a change in your circumstances. Or you may have to make substantial repayments for a number of years because you fail to make your repayments on time. Poor credit history is impossible to change, because every time there are reforms you will lose your creditworthiness.
Weigh all criteria carefully and then calculate your creditworthiness using the measure of your financial ability to repay one another.
Since the 1920’s credit scoring models have revolutionised the way lenders assess you. Your credit record, if it is accurate, gives lenders the option of: 1. Reducing your payments to a habituation 2. Improving your credit worthiness in proportion to your creditworthiness 3. Maintaining payments on time 4. Maintaining rates of interest for an extended period of time
Next, use the scale A Consumer Lender’s Rating (which is based on the score your credit bureau gave you when you applied for a mortgage or ‘affordable housing loan’). You can only use it if your income exceeds the available credit on your behalf. The credit agency has to tell you whether you are really a good borrower.