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HomeCredit ForumImprove your credit score

does it matter if you know your score?

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fireyone



Joined: 26 Feb 2008
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Posts: 2844



1628 Magic Points
 
 Posted on Wed Aug 20, 2008 6:51 pm  
I find that is the safest way. I was looking at the title of the original reason for this post and thought to myself how there was a time that I would not have even cared what my credit score was. I think when you are young those things that really matter are the last on a young persons mind. Kind of like 401k.
 
erb1953



Joined: 31 Dec 2007
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Posts: 631



8 Magic Points
 
 Posted on Mon Aug 25, 2008 11:33 am  
I agree with you, but it does affect so much in a person's life now a days, job, housing etc.
 
fireyone



Joined: 26 Feb 2008
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Posts: 2844



1628 Magic Points
 
 Posted on Mon Aug 25, 2008 12:36 pm  
Try to make most young people understand this and it is like talking french.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3133



5260 Magic Points
 
 Posted on Tue Aug 26, 2008 12:41 am  
Yeah, we were all there at one time, it is not until we get older and have to make family decisions then we have to pay the piper for our bad credit decisions.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
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Posts: 2844



1628 Magic Points
 
 Posted on Tue Aug 26, 2008 12:45 am  
Thats true. I just wish there was a way to get them to look past just tomorrow.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3133



5260 Magic Points
 
 Posted on Tue Aug 26, 2008 2:11 am  
They won't listen, I really don't remember any adult talking to me about credit when I was younger. I had to burn and learn.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
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Posts: 2844



1628 Magic Points
 
 Posted on Tue Aug 26, 2008 6:47 pm  
My son just called me at 6:45 a.m this morning and we had a two and a half hour chat. Even a few tears got shed. I just told him that it was time to start taking his life in another direction before it is too late. I am not sure if he listened to all the advice but we sure got alot off our chests. I had to straighten up alot of myths granny stuck in his head about me. I am hoping he will turn hisself in do the time and come back and contribute to the world.
 
mirage12



Joined: 24 Jul 2008
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Posts: 8



275 Magic Points
 
 Posted on Thu Aug 28, 2008 7:34 am  
Credit Score is important because this is where creditors figure out if you're a good credit risk or not.
 
anthony

anthony

Joined: 31 Jul 2006
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Posts: 492



12294 Magic Points
 
 Posted on Thu Aug 28, 2008 10:29 am  
Hi mirage12
As far as I know, creditors always pull out the credit report first while determining your creditworthiness. This is because credit report consists of your detailed credit history for the past seven years which gives them a clear idea of how you are in repaying the debt. Then they check the credit score to determine the interest rate and other fees which they would charge. Lower credit score would imply that you are a high risk borrower and hence the interest charges become high.
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Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
You can also visit my blog
http://financewatchonline.blogspot.com
 
fireyone



Joined: 26 Feb 2008
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1628 Magic Points
 
 Posted on Thu Aug 28, 2008 12:15 pm  
I believe the system was put into place for good reason. I just thin k that it needs to be updated a little bit for the debtor.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3133



5260 Magic Points
 
 Posted on Mon Sep 01, 2008 2:58 am  
You got it and they should take information from the borrower, they let the collection agencies do whatever they insist on they list what we tell them as long as we have the proof to back it up. That is one change I would like to see happpen.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
markdeviz



Joined: 27 Aug 2008
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597 Magic Points
Subject: credit score
 
 Posted on Mon Sep 01, 2008 11:11 am  
hi
If you know credit score then you get easily lot of many borrowed from your good credit score.
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goodnatured



Joined: 03 Nov 2007
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Posts: 3133



5260 Magic Points
 
 Posted on Mon Sep 01, 2008 1:29 pm  
Depends on what your score is, someone with a really good score will get a better rate for sure, but some one with a moderate score will also be able to borrow, they will just get a much higher rate than the person with the higher score. I don't think that your score will determine wether you get the loan or not, but it does determine at what rate you will get the money.

Someone with a terrible score may be turned down for a loan altogether.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
fireyone



Joined: 26 Feb 2008
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Posts: 2844



1628 Magic Points
 
 Posted on Tue Sep 02, 2008 1:37 am  
Very true guys. I think credit score is very important at anytime in life. Even if you don't need any loans at one time doesn't mean life won't throw you na curve ball and you find you really do need that credit score to get the loan that will pull you through.
 
goodnatured



Joined: 03 Nov 2007
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Posts: 3133



5260 Magic Points
 
 Posted on Tue Sep 02, 2008 2:56 am  
I agree and you should always be aware of where your credit is, it never hurts to stay abreast and keep working on keeping and maintaining good credit, you just never know when you may have to borrow money and you will want to get the best rate possible.
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Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
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