Posts Tagged ‘credit report’
How to remove negative information from my credit?
Negative information regarding your use of credit can remain on your credit report for seven years, information on bankruptcy, 10 years, information on unpaid tax liens, 15, and information about a lawsuit or a decision against her which has not been canceled may remain in the report for seven years or until the statute of limitations expires (whichever is greater). The names of companies that have requested your credit report will remain for two years.
If someone denied credit, housing, insurance or employment as a result of a negative credit report, must give you the name, address and telephone number of the agency that provided the report. If a company denies you credit based on information from credit report under the Act Fair Credit Reporting, you are entitled to request a free report within 60 days.
If your credit report inaccurate or incomplete information appears:
* Contact both the credit reporting agency and with the company that supplied the information to the agency.
* Notify the credit reporting agency in writing the information that you believe is inaccurate.
That means good credit?
When you want a loan from your bank, buy a house or getting hooked on a mortgage always in your head that you have to have good credit. Previously we talked about how your FICO score is made on what model that most lenders use, these are the scores you might have in detail. This score can vary from creditor to creditor, but will give you a good idea where you want your score when you go to apply for credit.
Your FICO score can range from 300 to 850, the higher the better:
720 or more
This score is considered to be excellent. This score will open the door to interest rates the lowest in the market.
Between 680 to 719
Most people have this score. This item is considered very good. If you have this score usually give you a competitive interest rates.
Between 620 to 679
If you are in this category most likely to get approved for the loan, but the terms and rates could be a little high.
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