{"id":14,"date":"2012-06-08T20:05:51","date_gmt":"2012-06-08T20:05:51","guid":{"rendered":"http:\/\/sanantoniocreditrepair.net\/?page_id=14"},"modified":"2017-10-09T23:47:49","modified_gmt":"2017-10-09T23:47:49","slug":"credit-education","status":"publish","type":"page","link":"https:\/\/newyorkcreditrepair.org\/credit-education\/","title":{"rendered":"Credit Education"},"content":{"rendered":"

What is a Bad Credit Score?<\/span><\/h4>\n

The term bad credit score comes from a financial term that determines a persons credit risk, the higher your credit risk the worse your bad credit persona.\u00a0<\/span><\/p>\n

The credit score you have is based on a series from 300-850. In this country, the score is an analysis of your past credit history based on three credit reports that come from Experian, TransUnion, and Equafax. These three companies are the ones that will be evaluating your credit score to determine your worth factor.<\/p>\n

Credit is so important, we depend on it for many things. From buying a car, to buying a computer, a student loan a credit score is \u00a0more a three digit number. It can determine what you do with your life, and how much it will all cost you.<\/p>\n

Breakdown Credit Score:<\/p>\n

Like your grades in school, a credit score is awfully similar. Think about how each and every teacher you had calculated your scores from tests, homework, attendance and anything that they wanted to use. Each comes up with a set number, and it’s the same thing with a credit scores. The number on your credit score ranges from 300-850 and it’s an exact formula for calculating The scores developed by FICO or the Fair Isaac Corporation takes all three major credit reporting areas and creates a single grade .<\/p>\n

About 36% of your score is based on your payment hisotry. It’s a slice that the lenders are interested in seeing, and they want to see how many times you have missed payments and how many times you have made a payment. Then 15% of your score is the length of time you have had credit. In fact, the longer you have the better it will be for your credit score. 10% of your score is new credit, opening \u00a0new accounts will cause a negative mark here. This area also holds personal credit inquiries, so everytime someone does this your credit score will lower. The credit performance of other consumers is incredibly important, in fact lenders only lend to people who have a credit report that reflects their ability to pay and in some cases pay on time.<\/p>\n

Low Credit Scores Cost You<\/p>\n

Your credit scores will cause your to loose your loans or dream cars. Getting your credit score back up to where it should be can be daunting.<\/p>\n

Fortune Credit Repair can Repair<\/p>\n

We will evaluate your credit report and correct any errors that wefind. Did you know that there are at least a quarter of the populated that has wrong or incorrect information listed on their credit reports?<\/p>\n

We can get you on board the good credit train with a free consultation call today!<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

What is a Bad Credit Score? The term bad credit score comes from a financial term that determines a persons credit risk, the higher your credit risk the worse your bad credit persona.\u00a0 The credit score you have is based on a series from 300-850. In this country, the score is an analysis of your […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newyorkcreditrepair.org\/wp-json\/wp\/v2\/pages\/14"}],"collection":[{"href":"https:\/\/newyorkcreditrepair.org\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/newyorkcreditrepair.org\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/newyorkcreditrepair.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newyorkcreditrepair.org\/wp-json\/wp\/v2\/comments?post=14"}],"version-history":[{"count":5,"href":"https:\/\/newyorkcreditrepair.org\/wp-json\/wp\/v2\/pages\/14\/revisions"}],"predecessor-version":[{"id":62,"href":"https:\/\/newyorkcreditrepair.org\/wp-json\/wp\/v2\/pages\/14\/revisions\/62"}],"wp:attachment":[{"href":"https:\/\/newyorkcreditrepair.org\/wp-json\/wp\/v2\/media?parent=14"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}