... properly sharing this information. So after you call
Equifax at 80 0-525-6 285 , Experian at 88 8-397-3742, or TransUnion at 80 0-
680 -7 289 , make sure to pull your reports at all three (the bureaus ... Card Solicitations, Junk Mail,
and Telemarketing
The credit bureaus have a toll-free number (88 8-5OPT-OUT) that allows you
to take your name off marketing lists that are...
... bureau company line that you can’t legally remove true, negative infor-
mation from your credit report. I admit that I used to parrot that line myself,
1 08 YOUR CREDIT SCORE
From the Library ... directly to your
creditors and when the payments will arrive.
It’s possible that after all this investigation, you’ll discover that a credit
counselor’s debt management plan won’t wo...
... your score
was your score, period.”
Credit Scoring’s Use for Noncredit Decisions
I mentioned earlier that your landlord or employer might check your credit
and your credit score when evaluating your ... possi-
bility that you won’t pay your bills. Credit scores are handy for lenders, but
they can have enormous repercussions for your wallet, your future, and...
... Are Calculated
Like FICO scores, VantageScores are calculated using the information in your
credit reports. The factors considered are similar your payment history, your
balances, your credit limits, ... revolving debt credit cards and lines of credit the
credit score formula looks at the difference between your credit limits on
the accounts and your balance, or...
... inquiries generated when you
check your own reports and scores.
Where you can hurt yourself is if you ask a lender to check your score.
When a lender pulls your credit, it generates what’s known ... debt that can’t be
wiped out and that puts your home at risk as well.
CHAPTER 6COPING WITH A CREDIT CRISIS 81
From the Library of Melissa Wong
ptg
scores so that you know where...
... be vigilant about monitor-
ing and protecting your credit.
1 28 YOUR CREDIT SCORE
From the Library of Melissa Wong
ptg
State Statutes of Limitations in Years
State Oral Written Promissory Open
Agreements ... Hurt Your
Credit Score
For years, a quirk in the credit- reporting process meant that paying old debts
could actually hurt your credit. When the creditor or collec...
... how much of available credit was in use.
Leverage Ratio Loss Ratio
1%–10% 64.3%
11%–39% 70.9%
40%–60% 75.2%
61% 80 % 81 .2%
80 %–100% 88 .1%
101%+ 96.6%
1 58 YOUR CREDIT SCORE
From the Library ... liens, and judgments can
seriously affect your score.
• 30 percent of your insurance score is based on your credit uti-
lization, which is roughly the same percentage...
... 7 -8
crisis, 77- 78
evaluating options, 83 -87 , 90- 98
freeing up cash, 80 -82
determing how much to borrow,
185 - 186
From the Library of Melissa Wong
ptg
that you and your spouse are divorcing, and ... balances,
172-174
paying off credit cards, 180 - 181
surviving divorce, 181 - 184
low account balances, 121
managing credit crisis, 77- 78
adding positive information,
1...
... Dealwith Your Credit Score
If you want to improve your credit score, you
need to go right to the source – your credit
report. Your credit report contains the
information and data on which your credit
score ... information that is used to
calculate your credit score.
Your age, sex, and income do not count
towards your credit score. The actual formula
us...
... different scores,” Cleland said.
“I thought your score was your score, period.”
Credit Scoring’s Use for Noncredit Decisions
I mentioned earlier that your landlord or employer might check your credit
and ... collected, stored, and updated by credit bureaus, which are
private, for-profit companies. The three major credit bureaus are Equifax,
18 YOUR CREDIT SCORE...