Category

Credit Rating

09.24.11

All about credit report analysis Credit Rating | (0)
In today’s world, e-payment is the best way to pay for many. It allows you to shop cashless and therefore you are freed from the burden of carry around cash. The best way to make payments or shop without cash is to use a credit card. If you are a credit card holder and want to know what report means and how you credit report stands then we suggest you to go through the following points- 1) It is a report about your credit history and is generally prepared by the credit bureau. 2) The analysis of your credit repost shows your creditworthiness, i.e., how ...
08.01.09

How bad foreclosure affects your credit rating Credit Rating, Foreclosures & Finance | (0)
A foreclosure should only be considered as the last resort for it can drastically affect your credit rating. In fact, a foreclosure can affect your credit score by about 200 to 300 points. This means that a credit score of 800 can be lowered to 500. This results in a negative credit score. After a foreclosure, it is mandatory that you should not receive any financing from a creditor. This means that you will not be able to get loans, buy a car or any financing. Your low credit rating may also affect your ability to get an apartment as most ...