When No One with YOU
WE are THERE !

Debt Consolidators
Debt Consolidators Services

 

 KankuRatan.com
Debt Consolidation       Credit Counseling       Debt Management       Student Loan       Medical Debt      
Debt Consolidation
How it work
How we help
Consumer debt
Avoid bankruptcy
Free credit counseling
Credit card debt help
Debt management plan
Debt consolidation FAQ
Fair debt collection ACT

Students loan debts
Loan debt consolidation
Low interest loan
Federal stafford loan debt
Parents plus loan debt
Private students loan debt
Money management tips

Other Services
Government tax debt
more services ...

Credit Tips
Credit score
Credit history
Improve credit score
Dispute credit report
Credit Terms

Articles
Budget setting
Eliminate debt
Consumer law

Common Tips
Tax return info
Interest rates
Tax scam's
Identity theft
Why debt consolidator?






Debt Problem? Call Now 855-446-9107
Get Free Quote - No Obligation



Your credit score is 680

Based on your credit report data, this is a numerical depiction of your credit worthiness.



Your credit ranks higher than 55% of the population

Based on your credit score, this is how your credit standing compares to the rest of the nation.



Your creditworthiness falls between Good and Very Good

Based on your credit score, this is how you may be viewed from a lender's perspective.



Background

It is important to note that when lenders consider a loan or credit application, additional information is usually required for making credit decisions. A creditor will usually ask for information like your monthly income, employment history, and your current outstanding debts to make an assessment as to whether or not you are capable of repaying your loan.

Credit Bureaus track your personal credit history in a customer record. The customer record can then be used to generate a credit score. It is advantageous to have a higher score because there is greater chance of being qualified for additional credit or the loan that you need for that new house or car.

Summary

To improve your credit score, continue to pay your debts on time. Lender offers will differ based on the attribute information you provide concerning your monthly income, employment history, and monthly debt. This information will aid in the determination of whether you receive an excellent offer, or just a respectful offer.

Explanation

There are several factors taken into account that help determine your credit score. The factors making the largest impact are listed below. Remember that these factors vary in how strongly they impact your credit score. For example, if you have a very high credit score, the negative factors in your analysis are likely to have a small impact. For very low credit scores, the opposite is true in that negative factors have a very large impact on your credit.

Here are the top factors that make your score lower:

  • Average balance of retail accounts is too high. High credit balances for credit cards and some mortgages and loans account are considered by lenders to be a negative factor when determining credit worthiness. This is because high credit balances suggest a sense of living outside your means, which is a high risk for creditors if they are trying to gain repayment.

    In addition, never using your credit cards is also considered a negative factor because it does not provide lenders with enough information about your creditworthiness. Lenders evaluate how much you owe other creditors in relation to your income. To contrast, low balances for credit cards account and some mortgages and loans account are considered by lenders to be a positive factor. This is because lenders are at less of a risk if you become unable to repay them. The best deals from creditors are always given to people who display a high level of financial responsibility.

  • Length of time finance accounts have been established is too short. Open credit accounts over a long period of time are considered a positive factor by lenders because a sufficient credit history can be evaluated as to how you handle your financial responsibility. An optimal credit report will contain about 30 years of credit history. Credit reports that are too short generally present up to 7 years of credit history. Credit reports with less than 3 years of history are considered not adequate. To allow yourself an ability to get the best deal from a lender, check your credit report against your credit history to insure your active accounts are accurate with your credit history. The item that matters most is how long your accounts have been in your report.



  • Too many inquiries :- An "inquiry" is noted on your credit report whenever you apply for new credit. The lender considering your application checks your credit history, which generates an inquiry. Although inquiries are considered common when applying for credit, lenders do not like to see many inquiries within a short period of time. This is because lenders do not understand if you are searching for the best deal or if you have become financially unstable. It is important to limit your credit search to a small number of lenders when searching for the best offer.

Additional Information

The TransUnion Credit Score

  • It is not an endorsement or a determination of your qualification for a loan.
  • Lenders use credit scores to help determine whether or not you are a good candidate for a loan and what interest rate you will pay. However, each lender has specific underwriting standards, so you should not assume that you will receive the same evaluation from each lender. As part of the underwriting process, they will incorporate additional information you provide and may obtain references. In addition, even if you are approved, the terms and conditions of loans vary from lender to lender. The information used to determine your credit score comes from TransUnion, one of the major credit bureaus.
  • Credit reports are a compilation of credit information that is reported to the bureaus by the various lending institutions with which you have accounts. The information contained in your report reflects the latest information provided. If you recently made a payment, opened a new account, or authorized an inquiry, it may not yet be reflected in the credit report you receive. Likewise, it will not be reflected in your credit score. Also, disputed items are not incorporated in the assessment of your credit score. Your credit score will change each time new information is captured in your record. The credit score provided here is not a so-called FICO score. The credit scores of TransUnion may not be identical in every respect to any consumer credit scores produced by any other company.


    Home
    How we Works
    Company
    Sign Up
    Contact Us
    Miscellaneous
    Patners


    SignUp Requires
    • Min. $2,500 debt
    • 2 or more accounts.
    • A source of income.
    Guide : Debt consolidation Faq    • Select your state    • Debt solutions    • Payday loan    • Articles
    Mortgage articles    • Credit terms    • Latest debt news
    Calculators : Debt pay off calculator   • APR Calculator   • Amortization Calculator   • Compound Interest Calculator
    Credit Card Payoff Calculator   • Loan Calculator   • Mortgage Calculator
    Faq: Mortgage Related Frequently Ask Questions    • Home Equity Faq
    Fair Debt Collection Practices Act    • Plan to buy Property Out side USA - Read FAQ Here
    Others : Other Services    • Testimonials    • Feedback Form    • Site Map      
    Resources : Directory   Add URL   1   2   3   4   5   6   7   8   9   10   11   12   13   14
    Privacy     License

    © & ® 2004-2015    www.KankuRatan.com - Debt Consolidation Services