Anyone here know how credit ratings are determined?

[Becoming]

Like really know - if I asked a question like "if I do A vs B, which will get me a higher credit rating?"

Matt or APP?

 

[KillahBee]

Nope. But you better hope it's got nothing to do with little boys and roofies.

 

[buffer1]

i dont know how that credit score thing works in the states

 

[Becoming]

Nope. But you better hope it's got nothing to do with little boys and roofies.

serious... glad it doesn't. how did you ever finance your car in that case? or did you pay cash you made from the proceeds?

 

[KillahBee]

serious... glad it doesn't. how did you ever finance your car in that case? or did you pay cash you made from the proceeds?

I just pretended the muffler was your mom. After I gooed all over it they were begging me to take the car home.

 

[big4life]

Random drawings, they have a box with slips of paper in it, some say approved, the others denied, then a couple say torture, where they keep asking for more information before they have another drawing.

 

[Becoming]

I just pretended the muffler was your mom. After I gooed all over it they were begging me to take the car home.

Funny you should mention. Your mom was way more and abrasive and scratchy than any muffler when I was in her. So I pissed in her. Then it was all good.

 

[MattTheSkywalker]

There are five principal factors that impact your credit score.

Previous credit performance (payment history) 35%
Current level of indebtedness 30%
Length of credit history 15%
Pursuit of new credit 10%
Types of credit accounts 10%

 

[Becoming]

There are five principal factors that impact your credit score.

Previous credit performance (payment history) 35%
Current level of indebtedness 30%
Length of credit history 15%
Pursuit of new credit 10%
Types of credit accounts 10%

So say you have two credit cards. What if you take out a loan to cover those (better interest rate by alot and will pay off faster)...

And close one and keep the other open (but empty except for monthly balance that you will always pay off)

How will that affect your score? Will it go up as long as you don't generate any more debt (or decrease your debt?)

Or will it go down because you have more credit available?

I know it has something to do with revolving vs non-rev credit.

 

[EnderJE]

I got an idea...www.equifax.com and check out your credit score...