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Please discuss with me.

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shekhar

shekhar

Joined: 30 Mar 2009
shekhar's page
Posts: 35

545 Magic Points

Subject: Please discuss with me.

Mon Apr 13, 2009 2:46 pm

Hi,

From some days my credit score is decreasing.

Can some one tell me that

Which factors will decrease my credit score?

I would like to know which factors will influence my credit score. I need to know that because in till date my credit score in low and i want to make it up fast so i must know that which things is responsible for decreasing credit score ?

Thanks.
Be informed.

carol

Joined: 27 Jun 2006
carol's page
Posts: 1307
Location: Los Angeles, California

29555 Magic Points

Tue Apr 14, 2009 9:15 am

There are several factors that affect your credit score. Among them, the most important are the charged off delinquent accounts, bankruptcies and judgment. Another factor is the hard inquiry listing which also reduces your credit score because more and more hard inquiry in your report suggest that you are credit hungry which gives a negative image to your credit report and therefore to your credit score.
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Carol

shekhar

shekhar

Joined: 30 Mar 2009
shekhar's page
Posts: 35

545 Magic Points

Tue Apr 14, 2009 9:18 am

Hi Carol,

Thanks for reply,
Can you tell me important factors only which decreasing my Credit Score?

Thanks & Regards

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Tue Apr 14, 2009 10:14 am

The two most important factor that affects your score is your credit history and the debt to credit ratio. Even if your credit history is good, your score can be affected if your debt to credit ratio is high. Moreover, length of the credit history and the types of credit used are also important factors that affect your credit score.
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Justin

shekhar

shekhar

Joined: 30 Mar 2009
shekhar's page
Posts: 35

545 Magic Points

Tue Apr 14, 2009 10:17 am

Hi Justin ,

Thanks for reply me & giving important factors who responsible for decreasing my credit score.

Thanks & Regards.

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