Personal Narrative: Looking Up A Credit Score

Bad credit reports can affect ones’ life in several negative ways. With a bad credit report and a low credit score, it is harder to receive a credit card, an automobile loan, a mortgage, or possibly a job. It is important that one is always aware of the credit decisions made. Paying bills late, maxing out credit cards, and filling out too many credit applications in a brief period will also have a negative impact on the credit report. To keep a good credit report, one should pay bills on time and apply for credit sparingly. Last, but certainly not least, one should check their credit report annually! A free credit report is available from each of the three credit reporting agencies each year. This is something one should take advantage of since it will help them judge whether they are managing their credit wisely. It is imperative that one keeps a good credit score. If not, one could miss out on many opportunities. For example, one may find an opening for their dream job that they are qualified for, but the negative credit report causes them to not get the job. Do not let this happen! Maintain a good credit report and opportunities like this will not pass by!

A credit score is a number used in people’s bank accounts. This number tells potential loaners if a person can be trusted to pay off their loans. You can get this number by starting when you’re young and taking small loans that are easy to pay off. This will build your credit score. Credit scores take a long time to build but can be reduced dramatically if you mess up and miss paying your loans. A credit score tracks your loans and how diligent you are at keeping up with them and how many loans you take out. You want to keep your credit score number up because if you ever want to take out a loan your credit score will make or break the deal. If you have a good record and good score you have a much better chance of getting a loan that you want or need. If you have a bad credit score you basically don’t have any chance of getting a loan until it improves.

Credit scores are numbers resulted from a statistical analysis of a person 's credit history. They represent the creditworthiness of that person. Credit scores are primarily based on credit report sourced from credit bureaus. Lenders use credit scores to a

Actually seeing everything that was recorded on my credit summary gave me a clear vision of what I had to do to start fixing my credit (“Establish Good Credit and Fix Bad Credit”). My next step was implementing a financial strategic management system that would help me put into action a plan that would free up my cashflow to start paying off debts. Part of what I applied to my financial manager was expenses reporting, and I established a budget and analyzed how much money I had coming in and out of my pocket, I was able to see how much I had for paying off debts and saving towards

It is imperative that young adults comprehend the facets of obtaining and maintaining proper credit in order to sustain a sound credit history. For example, the most widely used credit score is Fair Isaac Corp.'s FICO score, which ranges from 300 to 850. A FICO score of 760 or higher reveals an individual’s respectable borrowing power, for even a recently reported late payment can have a substantial effect on a credit score (Holmes). In addition, young adults can learn the importance of securing proper credit and increase their attractiveness in lender’s eyes by aiming to use less than 20% of one’s available credit (“Get”). Since lenders pay close attention to the amount owed on credit cards relative to the limits provided, lenders are able

Your credit score represents your creditworthiness. When you borrow money, your lender sends detailed information to the credit bureau, to create a credit report that analyzes how well you handle your debts. This number can determine everything from the interest rate on your mortgage or auto loan, to whether you’ll be approved for a credit card, to whether you can rent an apartment. The Fair Isaac Corporation (better known as FICO) is the most widely used credit rating agency in the US. This formula calculates your financial habits into a single three-digit FICO score ranging from 300 to 850.

What exactly goes into a credit score? Unfortunately, many consumers cannot answer this question. Credit scores are not easily accessible and therefore this lack or knowledge negatively affects individuals because they do not know how to better their score. A credit score is composed of five different components: thirty percent is the amount a person owes, thirty-five percent is payment history, fifteen percent is the length of credit history, ten percent is new credit, and the remaining ten percent is called a credit mix. One study of individual’s knowledge of credit showed, “that while most respondents knew what a credit score was ‘in theory,’ their practical knowledge of credit scores was lacking. Knowledge of the factors that positively and

Your credit score is calculated by looking at your credit score. It considers positive and negative occurrences on your report to come up with the number, which ranges

Before you attempt to increase your credit score, you need to know the basics. You

My career was finally looking up, I was working as a senior accountant with multiple multi-million accounts, full-cycle, I finally finished my Bachelor’s degree. I even purchased my first home and bought a new car! Then, it happened, I found out I was going to be a mom. I was excited, and terrified at the same time, I even took parenting classes! I had no idea how to do the formula thing and diapers? Yeah… ok.

We would like to bring to your attention our strained financial situation. The FAFSA does not accurately depict our family financial situation and the ability to contribute to Zachary’s college expenses.

With just three weeks left in the NFL’s regular season, there are five teams with double digit wins all looking to secure home field advantage through the playoffs. There are also nine teams with sub .500 records that still have a shot at making the playoffs. Say what you will about the current playoff system, but the next three weeks should be thrilling and I am excited to see how it all plays out.

I am writing this letter as an apology for my misunderstanding and ignorance towards your parental judgment in the past. Throughout my younger years, I assumed the worst of your intentions and buried each instruction with frustration and negligence. With the daily directive to practice piano, you pushed me into the most dreadful moment of my life. As such, I figured the worst and assumed that you were forcing me to commit with no respect towards my feelings. However, I have learned these years that your judgment was simply misguided, not malicious. I believe that, as a mother, your decisions were difficult to make and that, regardless of what I felt, you chose the best for me. I assumed you hated me. I now know you made the choices to the best of your abilities. You wanted me to continue piano because it is a

A credit score is a 3-digit number that shows how reliable you are at paying back loans. Banks use your credit score for any loan that you want to take out. If your credit score is high it means that you pay your credit on time and you get better interest rates.

I asked the MSR if she had any information on their savings accounts. She told me to go online and look it you. "It's the same address I gave you on that business card." She did not ask questions to determine my future needs or offer to follow up. The MSR did not give me any materials to take home with